Job Purpose
This role is primarily under the Risk and Control & International Centres Oversight team, who works with the accountable business heads, location COOs, location Unit Operational Risk Managers and various support partners at head office to oversee all risk and control activities for the Institutional Banking Group.
Key Accountabilities
- Role of SG UORM (Unit Operational Risk Management) for IBG largest market
- Support and facilitate SG IBG Business Control Committee (SG BCC)
- Manage various risk and control activities (e.g. Risk Event Management & Reporting / Incident Management, Issue & Action tracking (include Audit), Risk Acceptance (Residual Risk), Business Continuity management (BCM) including LCP and RSP), Data Leakage Prevention (DLP), Audit Coordination, Key Risk Indicators & Tracking, others)
- Use data, technology to drive Risk & Control effectiveness
Job Duties & Responsibilities
- SG UORM role consist in:
- Risk Management & Control: Identify, assess, and mitigate operational risks within IBG activities, ensuring effective control implementation and a strong risk culture.
- Incident & Business Continuity: Develop and maintain incident management protocols and business continuity plans, including drills, root cause analysis, and corrective actions.
- Join the Risk and Control management team
- Support and facilitate SG IBG Business Control Committee (SG BCC)
- Collaborate with stakeholders to determine and finalise agenda topics and coverage for BCC, ensuring alignment with strategic priorities and emerging risk landscape
- Facilitate active participation and constructive discussion among committee members on material operational risk issues, challenges, and proposed mitigation
- Track and follow up on action items arising from BCC meetings, ensuring timely closure
- Manage various risk and control activities
- Risk Event Management & Reporting / Incident Management: Capture, investigate and remediate operational losses or near misses
- Issue & Action tracking (include Audit): Track remediation of control weaknesses
- Risk Acceptance (Residual Risk): Formal approval to accept a risk temporarily when mitigation is not immediately possible
- Business Continuity management (BCM): Ensure continuity of operations during disruptions
- Data Leakage Prevention (DLP): Prevent unauthorized disclosure, transmission or leakage of sensitive data (customer, financial, confidential information)
- Audit Coordination: Ensure effective interaction with Audit (Internal and External) and timely remediation of audit findings
- Key Risk Indicators (KRIs): Track indicators locally, investigate breaches, implement corrective actions
- Other projects / initiatives by the team to support overall IBG risk and control agenda
- Use data, technology to drive Risk & Control effectiveness
- Strategic Risk Innovation: Champion the adoption of innovative risk management methodologies and tools, fostering a culture of continuous learning and leveraging advanced analytics and AI to predict and prevent future operational challenges.
Required Experience
- Candidates with at least 15 years of experience in internal/external audit in banking sector, and/or operational risk management.
Location:
DBS Asia Central
Job:
Risk Management
Schedule:
Regular
Employee Status:
Full time
