Vice President, Specialist, Model and Data Risk, Audit

Overview

Lead risk-based internal audits of Treasury, Market, Liquidity and Model/AI risk areas within DBS Group Audit, acting as trusted advisor to the Board and Executive Management on the adequacy and effectiveness of risk and control processes.

What you'll do

• Lead end-to-end risk-based internal audits covering Treasury operations, Asset-Liability Management (ALM), Market Risk (VaR, stress testing, interest rate risk), and Liquidity Risk frameworks (LCR, NSFR).
• Evaluate the conceptual soundness, performance monitoring, and governance of quantitative models used for pricing, valuation, credit risk, and capital forecasting.
• Review controls, bias mitigation, data lineage, prompt engineering governance, and retrieval-augmented generation (RAG) architectures deployed across banking use cases.
• Assess adherence to Reserve Bank of India (RBI) guidelines, Basel III frameworks, and evolving supervisory expectations regarding risk management, model validation, and automated decision-making systems.
• Partner with Chief Risk Officers (CROs), Treasury heads, and model development teams to communicate audit findings, negotiate practical remediation plans, and track issues to closure.
• Leverage modern data analytics tools (Python, SQL, R) to execute continuous auditing, test large datasets within core banking systems, and automate audit workflows.

What you'll need

• Bachelor's/University degree in Banking/Finance Management or any other related discipline.
• Deep technical understanding of Treasury risk, market risk management, liquidity frameworks, and financial markets products.
• Demonstrable hands-on experience in Model Risk Management (MRM) or auditing algorithmic/machine learning models.
• Direct involvement in reviewing AI or Generative AI risk governance, model validation, or data risk (mandatory).
• Above 10 years' relevant experience within Internal Audit (IA) conducting Treasury & Markets and Risk Functions audits (preferably in Market and Liquidity risk audit domain).

Nice to have

• Master's degree.
• Chartered Accountant and related certifications (CFA, FRM or CQF).
• Experience auditing financial markets/trading desks is a strong advantage.

Details

• Location: Mumbai.
• Job: Audit.
• Schedule: Regular.
• Employee Status: Full time.