DBS Bank
Location
Mumbai | India
Job description
Including Outsourcing Risk Management
Job Purpose: To assist in monitoring inherent risk in operational processes and to ensure the Outsourcing Management in the bank runs well in accordance with existing policies and processes so that any risks that can arise can be prevented earlier. Job Description & Responsibilities: Provide input and aid in the development of policies focused on the managing risks involved with third party business processes including Outsourcing arrangements Review and maintain the Outsourcing Governance Guide to ensure that outsourcing governance frameworks and requirements are relevant, current and effective Perform outsourcing risk reviews to evaluate risks associated with outsourcing arrangements and assess service providers’ ability to employ high standard of care in performing the outsourced services Conduct third party risk assessments (including Outsourcing arrangements) in alignment with Banks policies, Industry standards and Regulatory Requirements Perform on site / off site assessments (Thematic Reviews) of vendors to identify opportunities for improvement Liaison with stakeholders (owner units of outsourcing activities) and key SMEs (Financial Crime & Security Services, Information Security Services, Group Business Continuity Management, Risk Management Group, Compliance) on risk and control matters including ad-hoc projects Work with service delivery managers to ensure compliance to outsourcing governance requirements Prioritise and implement system enhancements to support new outsourcing governance requirements and continuously improve existing system functions/ controls. Review and Challenge control monitoring plans, performing monitor activities and analysis of evidence to determine controls are operating effectively Monitor and report bank-wide outsourcing risks in periodic outsourcing risk forums Responsible for regulatory submissions and periodic updates to Board and Senior ManagementJob tags
Salary
