Risk Management Group works closely with our business partners to manage the bank’s risk exposure by balancing its objective to maximize 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:
Contribute to assist the Directors and senior management in driving an effective and efficient operational risk management programme across DBSI so as to promote the safety and soundness of our operating environment.
Key accountabilities:
- Establish and maintain an Operational Risk Management (ORM) Policy within the business/support units that enables identification, assessment, mitigation, measurement, monitoring and reporting of key operational risks.
- For policy, ensure the risk policies are adequate & relevant
- The identification includes identifying the key risks on a pre-emptive basis on the execution of business plans & emerging risks and determining action plan in conjunction with management
- The assessment includes the plan for testing (thematic review or quality assurance during RCSA)
- Monitor the effectiveness of ORM at the business/support units
- Assist management in the assessment of key operational risk issues and profile of the business/support units and DBSI, includes planning for determining risks & coverage as laid out by the regulators (BI/OJK)
- Report and escalate operational risks to the relevant Directors or senior management-level committees with recommendations on appropriate risk mitigation strategies.
OR Policies, System and Reporting
- Develop or adopt and implement risk governance, policies, and standards for operational risk management and third-party risk management within DBSI
- Partner with the business and support units across DBSI in implementing relevant operational risk governance, policies, standards, tools and methodologies to identify and assess key operational risks
- Provide advice and guidance to business and support units on operational risk matters including risk management structure and processes, tailoring of Group policies, where applicable for location adoption, by considering the regulatory requirement
- Independently assess key operational risk issues, monitor effectiveness or operational risk management and provide timely risk analysis and reporting to Directors and senior management via the various OR tools and DBSI ORM system
- Perform analysis with the consolidated risk and loss data collected at DBSI level; submit regular operational risk reports and outsourcing risks to senior management (via risk committees)
- Identify and escalate internal and external systemic operational risk issues/emerging trends across businesses, whilst ensuring that there are appropriate preventive/detective controls in place
- Apprise senior management and/or Director’s level risk committees of the overall operational risk profile and issues, including ‘hot spots’, key risk areas, loss trend analysis and key control remediation initiatives, etc
- Keep abreast of industry developments, and ensure the bank’s ORM processes are aligned with industry best practices
- Promote risk and control awareness through training, sharing of best practices and lessons learnt
- Prepare/ review reports related to internal and external reporting (including reports to regulator)
- Provide advice to business and support units on operational risk management; provide objective review and challenge to the business and support units to ensure effective identification, assessment and management of operational risk
- Engage with business/support units’ management teams, participate in business control committees (or equivalent), raising risk issues arising in the end-to-end processes including in Operational and Technology Risk Committee (OTRC), Risk Monitoring Committee (RMC), and Integrated Risk Management Committee (IRMC).
- Engage in major change initiatives of the business/support units (including new product/service and outsourcing), providing inputs to mitigate 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
- As appropriate, conduct reviews on operational risk metrics (risk events, RCSA, KRIs, etc) including the responses and action plans, and assessing the effectiveness of these as adequate mitigants to the risks identified
- Identify and alert senior/unit management of systemic operational risk issues/emerging trends across businesses, including risk culture & conduct, whilst ensuring that there are appropriate preventive/detective controls in place,
- Review the New Product Approval and Outsourcing.
- At least 8 years of risk/control experience in financial institutions; should have working experience in Operational Risk Management and familiar with ORM concepts, policies, tools, MIS and reporting, and conversant in Basel requirements for operational risk. Prior experience in audit, banking operations, IT risk/control and in managerial position would be of advantage.
University degree or equivalent, with major study in finance, business administration, accountancy or economics
- Self-starter and ability to manage the work independently
- Mature personality and able to handle heavy pressures and stress
- Good inter-relationship with team members and other peer groups
- Communication and convincing skill.
- Ability to see and assess risk/control from helicopter view and accurately.
- Ability to adopt changes.
- Quick turnaround time in performing tasks.
- Team work player.
Laporkan lowongan
