Assistant Vice President, Specialist, Operational Risk Management, Firm-Wide, Technology and Operations at DBS Bank in Mumbai

Job description

• The Regulatory Governance role provides end-to-end oversight of the Regulatory Review Group (RRG) governance framework for T&O. The role is accountable for translating regulatory expectations into actionable requirements, driving implementation and regulatory reporting governance, and providing transparent management reporting on risks, dependencies, timelines and closure readiness.

Responsibilities

• End-to-end regulatory governance: Take end-to-end ownership of regulatory requirements applicable to T&O, from interpretation, impact assessment and implementation planning through submission, evidence validation and sustainable closure.
• RRG governance: Drive the Regulatory Review Group governance process for T&O, including agenda setting, status consolidation, decision tracking, action follow-up and escalation with accountable units.
• Regulatory circular interpretation: Analyse and interpret regulatory circulars, directions, advisories, correspondence, supervisory observations and commitments. Translate regulatory expectations into clear, actionable requirements for Technology and Operations stakeholders.
• Impact assessment: Lead and challenge impact assessments across processes, systems, products, controls, people, data and third-party arrangements, ensuring all affected areas and dependencies are identified.
• Regulatory reporting oversight: Oversee governance of regulatory reporting obligations applicable to T&O, with focus on completeness, accuracy, timeliness, data lineage, control effectiveness and adherence to regulatory expectations.
• Implementation governance: Maintain a robust implementation plan covering accountable owners, milestones, dependencies, target dates, submission requirements, closure evidence and residual risks.
• RAG and escalation: Apply clear Red-Amber-Green status based on delivery progress, timeline risk and unresolved dependencies. Escalate emerging delays, compliance concerns and decisions required through appropriate governance forums.
• Executive communication: Prepare concise, executive-ready papers, dashboards and presentations that clearly articulate regulatory risks, overdue actions, implementation bottlenecks, decisions required and matters requiring escalation.
• Senior stakeholder engagement: Engage and influence senior stakeholders across Technology, Operations, Compliance, Legal, Risk, Finance, Internal Audit and business units to align interpretation, ownership, implementation approach and closure expectations.
• Stakeholder challenge: Constructively challenge incomplete assessments, weak remediation plans, unsupported status updates and inadequate closure evidence, while enabling timely resolution.
• Audit readiness: Maintain an auditable repository of regulatory communications, assessments, approvals, submissions, implementation evidence, governance decisions and minutes.
• Continuous improvement: Identify recurring weaknesses and drive improvements in regulatory governance, reporting controls, tracking discipline, documentation quality and sustainability of implementation across T&O.

Requirements

• Bachelor's degree in Finance, Commerce, Business Administration, Law, Risk Management, Technology or a related discipline.
• Typically 12-15 years of relevant experience in banking operations, regulatory reporting, regulatory governance, compliance, operational risk, audit or control functions.
• Strong working knowledge of the Indian banking regulatory environment, including RBI circulars and regulatory expectations relevant to Technology and Operations.
• Proven experience in interpreting regulatory communications and translating requirements into practical implementation plans, controls and accountable actions.
• Demonstrated experience managing regulatory reporting, regulatory submissions, regulatory commitments or supervisory observations within a banking environment.
• Proven ability to drive end-to-end governance, including impact assessment, implementation tracking, evidence validation, escalation and closure sign-off.
• Excellent written and verbal communication skills, with the ability to engage senior management, facilitate governance forums, prepare executive-ready papers and simplify complex regulatory matters.
• Strong ownership mindset and ability to independently drive outcomes across functions, including constructively challenging stakeholders and influencing without direct authority.
• Strong analytical and problem-solving capability to identify control implications, delivery risks, data or process gaps and potential compliance exposure.
• Ability to manage multiple priorities and deliver with precision within time-sensitive regulatory timelines.
• Proficiency in Microsoft Excel, PowerPoint and Word for governance trackers, analysis, executive reporting and documentation.
• End-to-end ownership and disciplined follow-through
• Regulatory interpretation and circular understanding
• Regulatory reporting and submission governance
• Executive communication and management reporting
• Senior stakeholder engagement, influencing and constructive challenge
• Impact assessment and control-oriented thinking
• Risk-based judgement, decision-making and timely escalation
• Attention to detail, documentation quality and audit readiness
• Ability to operate independently in a complex, cross-functional environment

Skills

Required

• Strong ownership mindset
• Ability to independently drive outcomes
• Constructively challenging stakeholders
• Influencing without direct authority
• Ability to manage multiple priorities
• Attention to detail
• Risk-based judgement
• Decision-making
• Timely escalation
• Microsoft Excel
• PowerPoint
• Word