VP, Operational Risk & Market and Liquidity Risk Controller, Risk Management Group, DBS Australia (Sydney)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: Provide independent risk oversight, monitoring and reporting relating to market and liquidity risk and operational risk.
Accountabilities: 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.Work with GFM to ensure Markets and Liquidity Risks are managed in accordance with policies and limits.Provide 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.Responsibilities: Operational Risk: Monitor the effectiveness of operational risk management at business units and support units and act as 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 for local adoption.Undertake gap analysis on new and/or revised regulations from the regulators impacting the 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, and liaise with partners in various controls/support functions to address these issues.Review Business/Support Unit proposed responses and action plans, assess root cause and effectiveness.Participate in major change initiatives of the business/support units, 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.Promote risk and control awareness through training, sharing of best practices and lessons learnt.Oversee and prepare the Annual Risk Management Declaration Presentation Pack containing information of all risk types for the past calendar year and 1Q calendar year.Ensure compliance with CPS 230 in collaboration with relevant stakeholders.Any other assignment or tasks given by Australia Chief Risk Officer/Head of Department/Functional Head.Market and Liquidity Risk: Market and liquidity risk assessment to ensure risks are properly captured, measured, monitored, controlled, and reported.Direct liaison with GFM traders to understand market conditions and potential portfolio market risk.Facilitate the development of key risk methodology and assumptions specific to the branch.Market and liquidity risk control, including limit recommendation and 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.Engage with 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 in 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 reporting.Responsible for the review and update of the relevant SOPs.Undertake gap analysis on new and/or revised regulations impacting the market and liquidity framework of the branch.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.Requirements: Degree holder/Professional qualification in a business or quantitative subject.Minimum 10 years working experience with at least 5 years of relevant experience in a risk management function at a major financial institution.Strong quantitative background with good investment and commercial banking product knowledge.In-depth knowledge of handling market and liquidity risk in trading and banking books.In-depth knowledge of Operational Risk & Control.Track record in handling project management to streamline and optimize operational processes.Strong inter-personal skills, with experience in managing various stakeholders.Professional team player who is flexible, adaptable, and takes initiative.Experience in vendor applications such as Murex and Finacle is preferred, and further knowledge of SQL and Visual Basic is a plus.Apply now. We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognizes your achievements.
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