VP, Operational Risk & Market and Liquidity Risk Controller , Risk Management Group, DBS Australia (Sydney)AustraliaDBS BankBusiness FunctionRisk 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 purposeProvide independent risk oversight, monitoring and reporting relating to market and liquidity risk and operational risk.AccountabilitiesTo ensure effective oversight of market and liquidity risk exposures, its attribution and vulnerabilities, and compliance of threshold lists set for the branch by HO and regulators.To work with GFM in ensuring Markets and Liquidity Risks are managed in accordance with policies and limitsProvide objective review and challenge to the business units and support units to ensure effective management of operational risk, as well as independently assess and monitor operational risk at the units.ResponsibilitiesOperational RiskMonitor the effectiveness of operational risk management at business units and support units and is a direct liaison with Unit Operational Risk Manager (UORM).Provide advice, guidance and training to business / support units on operational risk matters including risk management structure and processes, driving operational risk initiatives, tailoring of Group policies, where applicable for local adoption.Undertake gap analysis on new and / or revised regulations from the regulators impacting on operational framework of the branch.Own and maintain local risk policies, ensuring alignment with Group policies and practices.Engage with business / support units' management in raising risk issues, conduct reviews on operational risk metrics and issues (arising in the end-to-end processes, risk events, RCSA, KRIs etc) and liaise with partners in various controls / support functions in addressing the issues including effectiveness of operational risk management, providing timely risk analysis and reporting via the various OR tools and firm-wide ORM system.Review Business / Support Unit proposed responses and action plans, assess root cause and the effectiveness of proposed action plans.Participate in major change initiatives of the business / support units (including new product / service and outsourcing), providing inputs to mitigate operational risks.Work closely with the UORM in agreement for focus areas.Independently assess the operational risk resiliency across key areas.Identify and alert senior / unit management of systemic operational risk issues / emerging trends across businesses, whilst ensuring that there are appropriate preventive / detective controls in place.Promote risk and control awareness through training, sharing of best practices and lessons learnt.Responsible for overseeing and preparing the Annual Risk Management Declaration Presentation Pack which contains information of all risk types for the past calendar year and 1Q calendar yearEnsure compliance with CPS 230 in working with relevant stakeholders including CPS230 Project Manager and where required, creating and ownership of a local operational risk policy.Any other assignment or tasks given by Australia Chief Risk Officer / Head of Department / Functional Head.Market and Liquidity RiskMarket and liquidity risk assessment to ensure risks are properly captured, measured, monitored, controlled and reported.Direct liaison with GFM traders to understand market conditions, potential portfolio market risk and trading / hedging strategy.Facilitate the development of key risk methodology and assumptions specific to the branch.Market and liquidity risk control, including limit recommendation and the subsequent measuring, monitoring, analysis and escalation.Keep abreast of APRA market and liquidity risk developments; provide feedback and analysis of potential impact on treatment of risks capture to DBS Bank.Engagement of regulators and relevant authorities on market and liquidity risk matters.Risk exposures reporting to the relevant Committees.Participate and provide review in the NPA.Ad-hoc participation of any market and liquidity risk system enhancements from a local branch perspective.Ownership of local risk policies.Provide oversight over location treasury product controls.Regular reporting and compliance of MCO limits, LCR and other risk limits set for the branch.Local liquidity and market risk management reporting, including regulatory reportingResponsible for the review and update of the relevant SOPs.Undertake gap analysis on new and / or revised regulations impacting on market and liquidity framework of the branch.Ownership of local risk policies.Perform analysis and reporting on Stress testing (ICAAP, IWST and others)Handle project assignments to improve / streamline risk metrics and reporting / stress testing / source systems changes / upgrades.RequirementsDegree holder / Professional qualification in a business or quantitative subjectMinimum 10 years working experience with at least 5 years of relevant experience in a risk management function at a major financial institutionStrong quantitative background with good investment and commercial banking product knowledge and understanding of risk control measuresIn-depth knowledge of handling market and liquidity risk in the trading and banking books, such as interest rate, credit spread, foreign exchange and equity risks, counterparty credit risk, basis risk, optionality risk, MCO, LCR, NSFR, Net Interest Income simulation and behavioural modelling for commercial loans and depositsIn-depth knowledge of Operational Risk & ControlTrack record in handling project management to streamline and optimize operational processes by gathering inputs and system requirements from business units, finance, Operations and IT departmentStrong inter-personal skills, with experience in managing various stakeholders. Expected to communicate with front and back-office personnel and ideally has led a team in a risk control function.Professional team player who is flexible, adaptable and take initiativeExperience in vendor applications such as Murex and Finacle is preferred, and further knowledge of SQL and Visual Basic is a plusApply nowWe offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.
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