Job Description
RMG
Risk Management Group works closely with our business partners to manage the bank’s risk exposure by balancing its objective to maximise returns against an acceptable risk profile. We partner with origination teams to provide financing, investments and hedging opportunities to our customers. To manage risk effectively and run a successful business, we invest significantly in our people and infrastructure
Job Purpose:-
To assist the Head, RMG - Operational Risk (India) in driving an effective and efficient operational risk programme across the Business & Support Units of DBS Bank, India.
Key Accountabilities:-
• Facilitate the implementation and ongoing monitoring of adherence to the DBS Group Operational Risk Management (ORM) Framework within the Business / Support units (BU/SU) that enables identification, assessment, mitigation, measurement, monitoring and reporting of key operational risks
• Maintain key relationships with UORMs of the BU/SU and raise potential operational risk and control issues to RMG and line management of BU/SU
• Contribute to department initiatives to improve the management of operational risk using Data Analytics
• Ensure Satisfactory Ratings in Audit reviews and compliance to regulatory requirements
Job Duties & responsibilities :-
• Provide advice, guidance and training to the Business / Support units (BU/SU) on operational risk matters including risk management processes, where applicable, for adoption by the units
• Engage with relevant business/support units’ UORM, facilitating the use of relevant operational risk tools and methodologies, including Risk Event Reporting, Control Self Assessment (CSA), Key Risk Indicators (KRI), etc to enable the units to identify, assess and mitigate key operational risks
• Liaise with relevant business/support units’ partners in the various control and support functions e.g. Credit, Compliance, Legal, etc in addressing operational risk issues arising in the end-to-end processes
• Manage and maintain the ORMS system that enables regular risk reporting and analysis and liaise with internal support parties (eg ORMS support)
• Conduct reviews on operational risk metrics (Risk Events, CSA, KRI, etc) as appropriate, including the responses and action plans and assessing the effectiveness of these as adequate mitigants to the risks identified
Required Experience :-
At least6-8 years of experience in Operational Risk Management /Audit in a financial institution with large Branch Network.
Knowledge of OR in Digital Products will be an added advantage.
Education / Preferred Qualifications :-
• CA / MBA preferred
Core Competencies :-
• Good communication and inter-personal skills, with ability to work with people at different levels
• Strong Analytical skills
Technical Competencies :-
• General knowledge of banking products/services, activities and operations in commercial, consumer and branch banking
• Analytical and able to identify potential operational risk exposures in business activities and assess the appropriateness and adequacy of mitigating controls
• Should have Consumer Banking esp Branch Banking experience in an organization with large branch set-up
• Experience on Digital products, Ecosystem partnership will be an added advantage
Work Relationship:-
• Ability to work with business/support units in the rollout of various operational risk management processes
• Must be a team player with ability to work professionally with team members and workgroups formed with other business/support units
Primary Location
India-Maharashtra-Mumbai
Job
Risk Management
Schedule
Regular
Job Type
Full-time
Job Posting
Sep 26, 2026, 1:03:04 PM
Risk Management Group works closely with our business partners to manage the bank’s risk exposure by balancing its objective to maximise returns against an acceptable risk profile. We partner with origination teams to provide financing, investments and hedging opportunities to our customers. To manage risk effectively and run a successful business, we invest significantly in our people and infrastructure
Job Purpose:-
To assist the Head, RMG - Operational Risk (India) in driving an effective and efficient operational risk programme across the Business & Support Units of DBS Bank, India.
Key Accountabilities:-
• Facilitate the implementation and ongoing monitoring of adherence to the DBS Group Operational Risk Management (ORM) Framework within the Business / Support units (BU/SU) that enables identification, assessment, mitigation, measurement, monitoring and reporting of key operational risks
• Maintain key relationships with UORMs of the BU/SU and raise potential operational risk and control issues to RMG and line management of BU/SU
• Contribute to department initiatives to improve the management of operational risk using Data Analytics
• Ensure Satisfactory Ratings in Audit reviews and compliance to regulatory requirements
Job Duties & responsibilities :-
• Provide advice, guidance and training to the Business / Support units (BU/SU) on operational risk matters including risk management processes, where applicable, for adoption by the units
• Engage with relevant business/support units’ UORM, facilitating the use of relevant operational risk tools and methodologies, including Risk Event Reporting, Control Self Assessment (CSA), Key Risk Indicators (KRI), etc to enable the units to identify, assess and mitigate key operational risks
• Liaise with relevant business/support units’ partners in the various control and support functions e.g. Credit, Compliance, Legal, etc in addressing operational risk issues arising in the end-to-end processes
• Manage and maintain the ORMS system that enables regular risk reporting and analysis and liaise with internal support parties (eg ORMS support)
• Conduct reviews on operational risk metrics (Risk Events, CSA, KRI, etc) as appropriate, including the responses and action plans and assessing the effectiveness of these as adequate mitigants to the risks identified
Required Experience :-
At least6-8 years of experience in Operational Risk Management /Audit in a financial institution with large Branch Network.
Knowledge of OR in Digital Products will be an added advantage.
Education / Preferred Qualifications :-
• CA / MBA preferred
Core Competencies :-
• Good communication and inter-personal skills, with ability to work with people at different levels
• Strong Analytical skills
Technical Competencies :-
• General knowledge of banking products/services, activities and operations in commercial, consumer and branch banking
• Analytical and able to identify potential operational risk exposures in business activities and assess the appropriateness and adequacy of mitigating controls
• Should have Consumer Banking esp Branch Banking experience in an organization with large branch set-up
• Experience on Digital products, Ecosystem partnership will be an added advantage
Work Relationship:-
• Ability to work with business/support units in the rollout of various operational risk management processes
• Must be a team player with ability to work professionally with team members and workgroups formed with other business/support units
Primary Location
India-Maharashtra-Mumbai
Job
Risk Management
Schedule
Regular
Job Type
Full-time
Job Posting
Sep 26, 2026, 1:03:04 PM
💡 Quick Summary
Seeking a career-building opportunity? The Specialist| Operational Risk Management| Firm|Wide position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
