DBS Bank

Regional bank offering digital banking

Associate Technical Manager - Risk Management Group

Risk ManagementUpdated on Nov 12

Full-timeChennai, Tamil Nadu, IndiaNo salary listedIn-person

About the Job

Responsibilities

Standardize technical valuation reports to include market value, document value, force-sale or distress value, interior valuation, construction type, marketability concerns, and potential property risks such as demolition or proximity to railways or water sources.
Verify a sample of technical valuation reports for adherence to DBS format, variation between reports for the same area and property across vendors, risk identification, vendor comment updates, report revisions and reasons, turnaround time, and property deduplication.
Assess and appoint new technical vendors according to bank policy.
Renew existing technical vendors based on internal performance reviews.
Track blacklisted technical firms and ensure their partners or individuals are not engaged by DBS without explicit approval.
Maintain management information on empanelled vendors, track dormant vendors, and initiate suitable actions such as de-empanelment.
Track changes in vendor-firm composition and initiate necessary actions.
Provide vendors with feedback on end-to-end turnaround time, from technical verification initiation to final signed legal report submission.
Process technical vendor invoices within agreed timelines.
Work with the DBS technology team to enhance the collateral management system so valuation details are correctly updated.
Advise business and credit teams on initiating technical verification for fresh and top-up cases.
Advise business teams on case-specific issues based on external valuation vendor remarks.
Advise the credit team on deviations in technical reports.
Advise the policy team on timely collateral-policy updates.
Track market updates using RESIDEX and other details.
Assist the collections team with property revaluation for cases that have become non-performing assets.
Coordinate with locations on bidding for repossessed properties and reserve-price fixation.
Enhance processes to identify potential fraud cases during technical verification.
Advise business and collections teams on next steps when fraud is identified.

Job description/Requirements - Documentation - Standardize the technical valuation reports to incorporate details such as Market value, Document value, Force sale / distress value, interiors valuation, Type of construction, Concerns on marketability and potential risks if any on property – demolition / proximity to railways or water source etc - Hind sight function – Technical valuation report verification on sample basis, on below parameters- Whether reports are in DBS format - Variation in reports for same area and same property across multiple vendors - Types of risk identification - Comments updation by technical vendor - Instances of report revision and reasons for the same - Turn around time tracking from date of technical report initiation and final technical report receipt - Property dedupe mechanism - Vendor management- Assess and appoint new technical vendors as per bank policy - Renew existing technical vendors basis internal review on performance - Track blacklisted technical firms to ensure that the partners / individuals are not engaged with DBS without explicit approval from DBS. - Maintain MIS for total of empanelled vendors and track dormant vendors, if any; further steps like de-empanelling to be done in suitable cases of dormant vendors. - Track changes in vendor firm composition and initiate necessary actions. - Feedback to vendors regarding end to end TAT management from technical verification initiation to final signed legal report submission. - Invoice processing of technical vendors within agreed time lines. - Work with DBS tech team for enhancing collateral management system for getting valuation details correctly updated - Advisory function- Business and credit team on technical verification process initiation both for fresh cases and top up cases. - Business teams on case specific issues basis remarks from external valuation vendors - Credit team on deviations in technical reports - Policy team on timely updation of Collateral policy - Track market updates using RESIDEX and other details. - Collections- Assist collections team in doing re-valuation of property for cases which became NPA - Coordinate with locations for repossessed property bidding and reserve price fixation - Fraud prevention- Enhance process to identify potential fraud cases at technical verification stage Advise business and collections teams on next steps in case of identification of fraud -en

Location:

Regional Office Chennai

Job:

Programme Hire

Schedule:

Regular

Employee Status:

Full time

About the Company

DBS Bank

Regional bank offering digital banking

DBS Bank provides banking and financial services in Singapore and Southeast Asia, including personal and business banking, loans, deposits, wealth management, and payments. It serves customers through a network of branches and a digital platform that lets people open accounts, transfer funds, borrow, and invest via online and mobile apps. The bank differentiates itself with government-backed origins, rapid regional growth, a strong emphasis on digital banking, and a broad mix of consumer, corporate, and wealth services. Its goal is to be a leading, trusted financial services provider in Asia, supporting customers and economies with reliable banking and sustainable growth.

Company size: 10,001+
Company stage: IPO
Headquarters: Singapore, Singapore
Founded: 1968

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