VP/SVP, Governance & Risk Lead, Retail Banking

About the role

DBS is looking for a VP/SVP Governance & Risk Lead for its retail banking organisation. The role provides strategic leadership to strengthen governance, risk management and compliance, ensuring sustainable business performance and fair dealing outcomes for customers. It partners with business leaders across the First and Second Lines of Defence to drive regulatory adherence, raise advisory standards and embed a proactive risk and compliance culture.

Key responsibilities

• Review and strengthen risk management practices and controls across financial advisory, sales practices, campaigns, strategic initiatives and platform transformations
• Ensure adherence to DBS policies, standards and MAS regulatory requirements, including suitability, disclosure and customer outcome principles
• Assess business risks and operating model changes, identify control gaps and work with stakeholders on robust improvements
• Act as primary advisor to FPA leadership on MAS regulations and regulatory developments affecting consumer banking and financial advisory
• Translate regulatory requirements into practical business controls, policies and procedures
• Drive remediation of control gaps and supervisory weaknesses, and promote a strong risk culture
• Integrate risk and controls into customer journeys, digital platforms and transformation programmes, and mitigate operational and conduct risks
• Monitor regulatory, operational and conduct risks, coordinate internal audits, thematic reviews and governance assessments, and escalate major concerns to senior management
• Build risk awareness and capability across FPA and the wider Consumer Banking network

Required profile

• 12-15 years of experience in Consumer Banking, Wealth Management, Financial Advisory, Governance, Risk Management, Compliance or related fields
• At least 5 years in governance, regulatory management, business controls, conduct risk or advisory governance
• Deep expertise in Consumer Banking and Wealth Management, including investment, bancassurance and financial planning processes
• Experience supporting large RM or distribution organisations is highly advantageous
• Bachelor's degree in Business, Finance, Banking, Risk Management or a related field
• Relevant banking, compliance, risk or audit certifications are advantageous

Required skills

• Knowledge of MAS regulations and the Three Lines of Defence model
• Experience designing governance frameworks and control environments
• Support for digital transformation, customer segmentation or large-scale change initiatives
• Influencing and stakeholder management without direct authority
• Analytical skills and use of data and management information to drive governance decisions