Head of Technology Risk Management, Risk Management Group

Head of Technology Risk Management, Risk Management Group Risk Management Group (RMG) is responsible for the development and maintenance of risk management and internal control frameworks. We provide independent review and challenge to business to ensure that appropriate balance is considered in risk/return decisions. In addition, RMG is responsible for the monitoring and reporting on key risk issues of the Bank. To manage risk effectively and deliver strong financial performance, we invest significantly in our people and infrastructure. Job Purpose: As the Country Head of Technology Risk Management in DBS, you will be responsible for overseeing the country’s technology risk management function. This pivotal role involves identifying, assessing, and managing technology-related risks (including Gen AI and Data Governance) to ensure the bank's information technology infrastructure and systems are secure, reliable, and compliant with regulatory standards. This position reports directly to Senior Risk Executive to ensure that the 2ndline of defence can provide a supplementary viewpoint in the risk assessment when issues arise. By leading a team of risk management professionals, you will play a crucial role in safeguarding the bank's reputation, assets, and customer data against potential technological threats and vulnerabilities. Responsibilities: Risk Assessment and Management Identify, evaluate, and prioritize potential technology-related risks across the bank's IT environment in accordance to the Group’s technology risk management framework Conduct regular risk assessments to evaluate the effectiveness of existing controls and identify areas for improvement Collaborate with other departments, such as IT, cybersecurity, compliance, and business units, to ensure a coordinated approach to technology risk management Technology Policy and Standards Implement governance around key processes, and adequacy of frameworks and policies for technology risk management and ensure these are aligned with industry best practices and regulatory requirements Ensure compliance with relevant laws, regulations, and internal policies relating to technology risk management Incident Response and Crisis Management Develop and execute incident response plans to handle technology-related incidents, including cyberattacks, data breaches, system failures, and other IT-related disruptions. Lead the response and recovery efforts during crisis situations to minimize the impact on the bank's operations and customers Risk Mitigation and Control Implementation Propose and implement risk mitigation strategies to reduce the bank's exposure to potential technology risks Monitor the implementation and effectiveness of controls and measures to safeguard the bank's technology assets and data Reporting and Communication Prepare regular risk reports for senior management and the board of directors, highlighting key technology risk issues, trends, and remediation actions Communicate risk-related matters to various stakeholders, including executive management, business units, auditors, and regulatory bodies DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world. DBS is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 15 consecutive years from 2009 to 2024. #J-18808-Ljbffr