Operational Risk Controller

4 weeks ago


London, United Kingdom DBS Bank Full time
Job Description
  • Monitor the effectiveness of operational risk management at business units and support units
  • Provide advice, objective review and challenge so that key operational risks are adequately and effectively identified, assessed and managed in the business-as-usual activities and in new initiatives, products and processes
  • 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.
  • Ensure compliance with, and stay abreast of changes in, UK Regulatory requirements re. Operational Risk
  • Undertake gap analysis on new and / or revised regulations from the regulators impacting on operational framework of the branch.
  • Promote risk and control awareness in business and support units through training programme and communication, sharing of best practices and lessons learnt.
  • Develop and maintain local operational risk policies and mitigation programmes, ensuring alignment with Group policies and practices.
  • Conduct independent assessment and monitoring of operational risk by reviewing operational risk metrics (risk events, risk & control self-assessment results, key risk indicators, etc), and assessing if there are systemic/thematic risk concerns that warrant deeper analysis and escalation to senior management.
  • Review business/support unit proposed responses and action plans to address risk issues, 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.
  • Any other assignment or tasks given by UK Senior Risk Executive/Functional Head while following the Head Office RMG-OR mandate


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