Operational Risk Management Specialist

3 weeks ago


Hong Kong, Central and Western District, Hong Kong SAR China DBS Bank Full time
Job Summary

DBS Bank is seeking a highly skilled Operational Risk Management Specialist to join our Consumer Banking team. As a key member of our risk management team, you will play a critical role in enhancing risk governance within our Unit by assisting in driving the Unit's operational risk committee or equivalent forum.

Key Responsibilities
  • Facilitate the implementation of corporate operational risk policies and standards within CB units via timely communication and coordination with unit compliance coordinators to ensure consistent understanding and effective implementation across CB units.
  • Ensure proper implementation of Unit-specific operational risk policies and procedures via coordinating proper completion and validation of RCSA/ Gap Analysis/ KOR and perform quality review and validation. Monitor and track proper action plans are established to address any control gaps identified.
  • Promote risk & control awareness within CBG, including conducting operational risk training via supporting the issuance of Control and Compliance Newsletter, organizing control and compliance related forum for CB staff and monitoring of training attendance to ensure proper completion.
  • Share operational risk best practices within the Unit by providing support for the issuance of Newsletter and Control & Compliance Forum.
  • Monitor timely completion of quality RCSA and provide guidance on the identification / assessment of risks and controls. Ensure proper issues and action plans arising from the RCSA are tracked to completion.
  • Ensure timely reporting/escalating of risk events/significant incidents via communication of reporting requirements with respective units and regular tracking and monitoring and perform action tracking to ensure timely issue resolution.
  • Review and validate risk events reported for factual accuracy, proper categorization of event, cause, effect, and monitor that proper action plans are established to correct and prevent event from recurring.
  • Ensure monthly reconciliations of operational losses/gains recorded in the Operational Risk Management System (ORMS) against the designated General Ledger accounts are performed, all outstanding operational risk events are closed promptly and follow-up action taken on long outstanding incidents, amongst other responsibilities.
  • Track and monitor to ensuring proper action plans are established to address issues for key risk trend or triggers observed. Prepare summary assessment for highlighting to management for attention and actions as appropriate.
  • Track and monitor issue/action plan arising from RCSA, gap analysis, risk events, KRI, regulatory inspections, audits or other risk issues, and alert Unit management of potential and/or actual past due issues.
  • Prepare Unit's operational risk profile (including OR losses, RCSA issues, KRI trends, compliance breaches, business continuity readiness or other significant issues) to Unit management, with proposed action plans to address the issues.
Requirements
  • Minimum 5- 8 years' experience in banking field, with exposure in control, compliance, audit, risk management or relevant experience.
  • Sufficient knowledge and experience of the Unit's business operations and processes.
  • Ability to provide balanced perspective between business expediency and risk & control.
  • Ability to communicate effectively and coordinate cross-team or cross-function collaboration to implement the Unit ORM programmes.
  • Self starter and prepared to move outside of comfort zone with tenacity to succeed.
  • Establishes customer relationships, knows the customer and gains their confidence and trust.
  • Embraces and leads change, open and positive about change, and is willing to learn and try new things and situations.


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