Assistant Vice President, Operational Risk & Control – CBWMO

Posted 4 Days Ago
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Kwun Tong, HKG
In-Office
Senior level
Fintech • Information Technology • Software • Financial Services
The Role
Lead operational risk and control activities for consumer banking and wealth management operations. Responsibilities include conducting risk and control assessments, enhancing control frameworks, investigating incidents, performing root-cause analysis, monitoring risk indicators, advising stakeholders, supporting AI and automation initiatives, and promoting a strong risk culture.
Summary Generated by Built In

Business Function

Technology and Operations (T&O) enables and empowers the bank with an efficient, nimble and resilient infrastructure through a strategic focus on productivity, quality & control, technology, people capability and innovation. In T&O, we manage the majority of the Bank's operational processes and inspire to delight our business partners through our multiple banking delivery channels.


Role Overview

We are looking for a proactive and experienced operational risk professional to join the Consumer Banking Wealth Management Operations (CBWMO) Risk and Control team. In this AVP role, you will be instrumental in fostering a strong risk culture, ensuring robust control frameworks are maintained, and proactively identifying, assessing, and mitigating operational risks within our high-volume consumer banking and wealth management operations.


Key Responsibilities

  • Risk Identification & Assessment: Conduct regular Risk and Control Self-Assessments (RCSA) to identify process gaps and emerging operational risks.
  • Control Framework Enhancement: Challenge the effectiveness of existing controls and drive enhancements in operation teams to prevent operational losses, improve efficiency, and ensure compliance with the bank and regulatory standards.
  • Incident Management: Lead the investigation of operational incidents, perform root cause analysis (RCA), and implement corrective actions to prevent recurrence.
  • Stakeholder Management: Partner closely with internal and regional stakeholders to provide expert risk advice and ensure seamless control implementation.
  • Reporting & Governance: Maintain and report on key risk indicators (KRIs) and quality metrics to senior management, ensuring transparency and proactive management of risk profiles.
  • Innovation & Digitization: Actively contribute to operational transformation initiatives (including AI and automation projects) by assessing the risks associated with new technologies and ensuring adequate guardrails are embedded.
  • Culture Building: Champion a "Risk-First" mindset across the team, providing coaching on control awareness and fostering an environment where risk identification and escalation are encouraged.

Key Requirements

  • Bachelor’s degree in Finance, Business, Risk Management, or a related field.
  • Minimum 5–8 years of experience in operational risk, control functions, audit or back-office operations within the banking sector, preferably in Consumer Banking/ Wealth Management.
  • Strong understanding of operational risk management frameworks, regulatory requirements, and incident management protocols in Hong Kong.
  • Proven ability to analyze complex data, identify root causes, and propose scalable, practical solutions.
  • Excellent stakeholder management skills, with the ability to influence cross-functional teams and senior management.
  • Highly analytical, proactive, and resilient, with a keen eye for detail and a "do-it-right" approach to process execution.

Location:

Two Harbour Square

Job:

Risk Management

Schedule:

Regular

Employee Status:

Full time

Skills Required

  • Bachelor's degree in Finance, Business, Risk Management, or a related field
  • 5-8 years of experience in operational risk, control functions, audit, or back-office banking operations
  • Experience within the banking sector, preferably Consumer Banking or Wealth Management
  • Strong understanding of operational risk management frameworks and regulatory requirements in Hong Kong
  • Knowledge of incident management protocols
  • Ability to analyze complex data, identify root causes, and propose scalable solutions
  • Excellent stakeholder management and ability to influence cross-functional teams and senior management
  • Analytical, proactive, resilient, and detail-oriented approach
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The Company
41,000 Employees
Year Founded: 1968

What We Do

DBS Bank is a leading financial services group in Asia, headquartered in Singapore. It provides a full range of consumer, SME, and corporate banking services. The bank is recognized for its digital innovation, having been named 'World's Best Digital Bank' and 'World's Best Bank' by various publications. It also operates the DBS Foundation, which supports social enterprises and community initiatives, reflecting its commitment to creating impact beyond traditional banking.

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