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VP, Compliance Validation, Risk Management Group

DBS Bank Limited Singapore
Posted 8 hours ago Permanent Competitive
VP, Compliance Validation, Risk Management Group
Business Function

Risk Management Group (RMG) is responsible for the development and maintenance of risk management and internal control frameworks. We provide independent review and challenge to the business to ensure that appropriate balance is considered in risk/return decisions. In addition, RMG is responsible for the monitoring and reporting on key risk issues of the Bank. To manage risk effectively and deliver strong financial performance, we invest significantly in people and infrastructure.

The role will be responsible for managing the end-to-end validation process for the BCBS 239 (Basel's Principles for effective risk data aggregation and reporting) compliance validation programme.

Responsibilities
  • Design the validation testing processes and procedures for BCBS 239 compliance validation
  • Lead validation testing activities and manage the validation workflow
  • Guide junior team members in their tasks
  • Form an overall view of the Bank's compliance with BCBS 239
  • Maintain an efficient and auditable database of validation records and evidence
Compliance Validation
  • Ensure effective implementation of BCBS 239 validation testing and procedures and ensure their alignment with the compliance validation methodology
  • Maintain the repository of validation test questions covering all aspects of BCBS 239
  • Plan and perform validation review and testing on the policies and processes of various units in scope
  • Initiate engagement process and guide discussions with key stakeholders to ensure a collaborative approach in agreeing validation outcomes
Reporting and Monitoring
  • Monitor and report the Bank's status of compliance with BCBS 239 and implementation status of remediation actions
  • Liaise with stakeholders to track the implementation of remediation plans and outcomes
  • Monitor outstanding issues highlighted in validation findings
  • Prepare compliance status reports to the Board, Senior Management and/or regulators
  • Act as the deputy for the Head of Compliance Validation, where appropriate
Requirements
  • Familiar with BCBS 239 validation testing and procedures.
  • A degree holder with minimum 10 years' working experience in a role within risk management, audit or compliance.
  • Audit background and Banking experience is preferred.
  • Ability to apply risk and control principles during process reviews in a banking environment. High attention to details with the ability to understand and map end-to-end process flows.
  • Working experience with data management / data governance related responsibilities. Good understanding of data management principles, including controls and governance
  • Excellent spoken and written communication skills
  • Good analytical skills, attention to details and have sound judgment
  • Strong problem-solving skills and ability to prioritise and manage multiple tasks
  • Team player with good inter-personal and communication skills, and the ability to work with multiple cross-functional stakeholders.
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.
Job ID  WD65938
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