Assistant Vice President, Specialist, Operational Risk Management, Corporate Banking, Large Cap, Institutional Banking Group

Assistant Vice President, Specialist, Operational Risk Management, Corporate Banking, Large Cap, Institutional Banking Group - (WD

Business Function

Corporate and Investment Banking provides corporate customers with a full range of commercial banking products and services, including cash management services, current accounts, time deposits, trade finance, working capital finance, term loans and foreign exchange. Through our continued commitment, DBS has cultivated long-standing relationships with its customers in the region that are based on account relationship management, service differentiation, product development and rigorous credit standards.

Job Purpose

Drive effective implementation of enterprise governance frameworks within business units and support functions.

Key Accountabilities

1. Support Business/Function Heads in risk governance and oversight of control issues.
2. Lead periodic risk and control assessments; identify gaps and recommend enhancements.
3. Conduct control testing and thematic reviews across key processes.
4. Monitor open audit issues, internal control findings, and ensure timely closure with sustainable fixes
5. Ensure adherence to local and group-wide policies, including those related to operational risk, conduct risk, and information security.
6. Monitor compliance with regulatory requirements (RBI circulars, MAS guidelines where applicable) and support in regulatory inspections and audits.
7. Assist in ensuring end-to-end process risk documentation and regular policy reviews
8. Liaise closely with Business, Risk, Compliance, Audit, and Group Governance teams.
9. Prepare governance dashboards, MIS, and presentations for senior leadership and committees.
10. Collaborate with regional and group teams to ensure consistency of controls and governance practices
11. Conduct training sessions and workshops to reinforce governance, conduct, and control awareness among teams.
12. Champion the culture of strong risk ownership, control awareness, and ethical behavior

Job Duties & responsibilities

1. Preparing the BCP/BIA document
2. Preparing all other BCP related exercises/ reports during the year- Staff recall, functional exercises
3. Attending the BCP and the BCAP DR drill during the year at the alternate sites
4. Conduct Assurance Testing to assess Core Team and BU's proficiency in complying with CDD/AML Policy of the Bank/Regulator
5. Monitor compliance with internal policies and external regulations related to anti-money laundering, countering the financing of terrorism, and sanctions screening
6. Identify control gaps and issues, and drive remediation efforts to strengthen the control environment
7. Conduct Thematic Reviews to identify & mitigate AML/Financial Crime Risk
8. Assist in investigating and resolving AML / KYC related issues
9. Maintain accurate records and update internal systems
10. Stay up-to-date with regulatory changes and industry trends
11. Engage key stakeholders to promote strong risk culture and ensure smooth implementation of governance and control initiatives
12. Support Trade Based AML audit and ensure timely closure of actionable
13. Improve Controls / Compliance for IBG India; embed risk culture within IBG Team with special focus on building robust process for SME customers
14. Responsible to track and reduce EDPMS / IDPMS outstanding for IBG clients
15. Support monitoring other KRIs related to operational and credit risk.
16. Support various audit submission including RBI, group and concurrent audits

Required Experience

Minimum 4-5 years of relevant experience in AML / KYC

Education / Preferred Qualifications

1. CA / MBA / Graduate with minimum 4 years of relevant experience in AML/KYC
2. ACAMS / CFE certification (desirable)
3. Knowledge of financial markets and instruments (beneficial)

Core Competencies

1. Data driven and proficient in Microsoft Excel and PowerPoint
2. Critical thinking, analytical abilities & ability to independently drive activities
3. Attention to detail and accuracy
4. Effective written and verbal communication

Technical Competencies

1. Knowledge of RBI guideline on AML / KYC
2. Understanding of customer due diligence (CDD) and enhanced due diligence (EDD)
3. Familiarity with sanctions and watchlist screening
4. Awareness of Industry trends and emerging risk

DBS India - Culture & Behaviors

DBS is committed to building a culture where all employees are valued, respected and their opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. Expected value driven behaviors are:

• Demonstrate Business Performance through PRIDE 2.0 Value Based Propositions
• Ensure Customer Focus by Delighting Customers & Reduce Complaints
• Build Pride and Passion to Protect, Maintain and Enhance DBS' Reputation
• Enhance Self Knowledge, Skills and develop Competencies aimed at continuous improvement.
• Maintain the Highest Standards of Honesty and Integrity.

Apply Now

We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.

Primary Location: India-Maharashtra-Mumbai Job: Risk Management Schedule: Regular Employee Status: Full-time : Job Posting: Aug 4, 2025, 12:28:13 PM

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