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Vice President, Unit Operational Risk Manager (UORM), Ltd, Labuan Branch (Kuala Lumpur Office) - (WD76694)

Vice President, Unit Operational Risk Manager (UORM), Ltd, Labuan Branch (Kuala Lumpur Office) - (WD76694)

DBS BankKuala Lumpur, Kuala Lumpur, Malaysia
1 day ago
Job description

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

  • The role will be part of the Branch's first line of defence and supports management in identifying and managing risks within the businesses
  • This role reports to the COO and assists the COO in driving the overall risk and control agenda and programme for the Branch
  • The scope of this role will include

all functions (front and back office)

within the Branch

Key Accountabilities

  • Assist COO in driving overall risk and control agenda and programmes for the Branch, including promoting of risk and control awareness.
  • Coordinate and ensure timely implementation of related risk policies / standards / guides and ensuring proper approvals are obtained for any deviations.
  • Drive the risk and control self-assessment (RCSA) testing programme and conduct testings required for the Branch
  • Manage the Branch's risk events, issues and actions and key risk indicators reporting
  • Perform risk analysis and profiling for the Branch and report to relevant risk and control committees or forums on a regular basis.
  • Act as Business Continuity Management (BCM) coordinator.
  • Assist management in timely assessment for any claims or notifiable matters under the Group Insurance Programme.
  • Co-ordinate audit and regulatory inspections
  • Act as secretariat for the Malaysia Management Committee and Local Risk Committee Manage the Document Archival vendor for the Branch as service delivery manager

    • Job Duties & Responsibilities

  • Develop, maintain and ensure timely implementation of Group and branch-specific risk policies / standards / guides and procedures
  • Promote risk & control awareness, including ensuring relevant risks (e.g. operational risk, reputational risk, risk culture & conduct etc) related trainings are conducted for staff in the Branch.
  • Drive the branch-wide RCSA programme and quality assurance testing programme. This includes coordinating, conducting control testing and documenting of testing results before reporting to appropriate forums or committees (locally and at Head office)
  • Risk event management & reporting. For example - timely reporting / escalation of risk events / incidents, review of event description for accuracy and completeness as well as challenge adequacy of remediation actions before reporting to appropriate forums.
  • Monitoring and reporting of key risk indicators and perform analysis of issues, risk events, loss trends and root causes to relevant risk and control committees or forums on a regular basis to facilitate management's assessment of the risk profile of the branch.
  • Updating and maintaining the information within the relevant modules of the enterprise wide Governance Risk & Control (GRC) system.
  • Track and monitor issues and action plans (arising from RCSA, risk events, KRI, audit etc) for management's attention.
  • Where required, partner with local stakeholders to conduct deep dives on business functions to assess control design and operating effectiveness assessment and identify opportunities for improvement. Thereafter, partner with respective functions stakeholders for effective implementation of any recommendations.
  • As the Branch's BCM coordinator, develop, maintain and drive implementation of related policies and procedures.
  • Stay up to date with relevant regulatory requirements or changes and facilitate timely and effective adoption of new requirements.
  • Perform independent checks for certain operations related regulatory submissions
  • Perform secretariat duties for the Malaysia Management Committee and Local Risk Committee – i.e. coordination of meetings and presentation materials as well as preparing minutes of meetings.
  • Support Branch COO in coordinating audit & regulatory inspections
  • Ensure management timely assess and engage stakeholders for any claims, notifiable matters in accordance with the Group Insurance Programme.
  • UORM may also be assigned responsibilities for other risk related programmes such as fraud, outsourcing or purchasing risk management etc, and ensure that these are managed adequately and effectively.

    • Requirements

  • 10 years of relevant experience

    • Non-Technical :

  • Institutional Banking Industry
  • Similar capacity on operational risk (preferred but optional)

    • Technical :

  • Conducting RCSA testing (preferred)
  • External or internal audit (optional)
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    Manager Operational Risk • Kuala Lumpur, Kuala Lumpur, Malaysia