• Department Head, Operational Risk Management Jobs in Bangalore,India

  • DBS Asia Hub 2
  • Save Job
  • 2 - 2 Years
  • Posted : above 1 month

Job Description:

1 Establish and maintain an Operational Risk Management (ORM) Framework within the business/support units that enables identification, assessment, mitigation, measurement, monitoring and reporting of key operational risks

2 Monitor the effectiveness of ORM at the business/support units and on Group-wide basis

3 Assist management in the assessment of key operational risk issues and profile of the business/support units and the Group

4 Report and escalate operational risks to the relevant Board-level or senior managementlevel committees with recommendations on appropriate risk mitigation strategies

Job Duties & responsibilities

Manage and develop a team of operational risk (OR) professionals by providing leadership, guidance, coaching and counselling (where appropriate) to perform the following functions OR Policies, System and Reporting

1 Develop and implement risk governance, policies, principles and standards for operational risk management within the Group

2 Partner with the business and support units across the Group in implementing relevant operational risk governance, policies, standards, tools and methodologies to identify and assess key operational risks

3 Provide advice and guidance to subsidiaries and units (via Risk Controllers) on operational risk matters including risk management structure and processes, tailoring of Group policies, where applicable for location adoption

4 Independently assess key operational risk issues, monitor effectiveness or operational risk management and provide timely risk analysis and reporting to Board and senior management via the various OR tools and firm-wide ORM system

5 Perform analysis with the consolidated risk and loss data collected at Bank and Group level; submit regular operational risk reports to senior management (via risk committees)

6 Identify and escalate internal and external systemic operational risk issues/emerging trends across businesses, whilst ensuring that there are appropriate preventive/detective controls in place

7 Apprise senior management and/or board level risk committees of the overall operational risk profile and issues, including hot spots , key risk areas, loss trend analysis and key control remediation initiatives, etc

8 Keep abreast of industry developments, and ensure the bank s ORM processes are aligned industry best practices

9 Promote risk and control awareness through training, sharing of best practices and lessons learnt

10 Review and assess the adequacy and completeness of coverage of the Global Insurance Program upon maturity or periodically when there are significant developments and/or events

11 Manage and maintain the system that enables regular risk analysis and reporting to 2 senior management (via risk committees) and liaise with vendor and internal support parties

OR Control

12 Provide advice to business and support units on operational risk management; provide objective review and challenge to the business and support units to ensure effective identification, assessment and management of operational risk

13 Engage with business/support units management teams and participate in business control committees (or equivalent) in raising risk issues arising in the end-to-end processes

14 Engage in major change initiatives of the business/support units (including new product/service and outsourcing), providing inputs to mitigate operational risks

15 Liaise with relevant business/support units partners in the various control and support functions eg Credit, Compliance, Legal, etc in addressing operational risk issues arising in the end-to-end processes

16 As appropriate, conduct reviews on operational risk metrics (risk events, RCSA, KRIs, etc) including the responses and action plans, and assessing the effectiveness of these as adequate mitigants to the risks identified

17 Identify and alert senior/unit management of systemic operational risk issues/emerging trends across businesses, whilst ensuring that there are appropriate preventive/detective controls in place

18 Facilitate regulatory audits

Profile Summary:

Employment Type : Full Time
Industry : Banking / Financial Services
Salary : Not Disclosed
Deadline : 18th Jan 2020

Key Skills:

Company Profile:

DBS Asia Hub 2
DBS, a leading financial services group headquartered in Singapore, operates across 18 markets We are an Asia-centric commercial bank focused on harnessing the regions long-term potential as the centre of economic gravity shifts eastwards to Asia

A frontrunner in digital transformation, we seek to deliver a new kind of banking that is so simple, seamless and invisible, that customers have more time to spend on the people or things they care about

At DBS, we are also a strong advocate of building a sustainable future Working with partners, we empower people to live larger than themselves We create avenues that encourage our customers to live socially-conscious; establish platforms to help social entrepreneurs bring their ideas to life; and provide the next generation with opportunities to develop innovative solutions that address sustainability issues

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