Divisional Risk and Control Specialist

Divisional Risk and Control Specialist -AVP

Job Description:

Job Title: Divisional Risk and Control Specialist -AVP

Location: Mumbai, India

Corporate Title: AVP

Role Description

The Business Control Unit (BCU) is a 1st Line of Defence (1st LoD) function within the front office created during the implementation of the Three Line of Defence (3LoD) programme. Its primary objective is to support the front office in executing Non-Financial Risk framework for its business line.

The primary responsibility of the Risk Analyst within the BCU would be to support the Risk and Control Assessment (RCA) process. The RCA is a key component of the Bank’s Non-Financial Risk (NFR) Framework to enable the effective profiling, monitoring, and management of Divisional NFR. The responsibilities would also include control testing, incident research, remediation and other ad hoc control initiatives and projects. Working closely with teams in and out of the division to understand risks impacting the group on a dynamic basis.

Job Description

The BCU team is principally responsible for:

• Identification and mitigation of non-financial risks (regulatory, conduct and systemic)
• Supporting the operations of an efficient supervisory and conduct framework.
• Ensuring the governance of a business’ audit portfolio
• Driving “Change the Bank” initiatives to support the control framework.

In addition to working closely with the business heads, the group’s reach and interaction is broad, including engagement with the Divisional Control Officer (DCO) and those functions forming the 2nd and 3rd LoD, for example Compliance, Anti Financial Crime (AFC), Non-Financial Risk Management (NFRM), Legal, Group Audit and others. This role will be to support the Global BCU function in various capacities.

What we’ll offer you

As part of our flexible scheme, here are just some of the benefits that you’ll enjoy: -

• Best in class leave policy.
• Gender neutral parental leaves
• 100% reimbursement under childcare assistance benefit (gender neutral)
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalization Insurance for you and your dependents
• Accident and Term life Insurance
• Complementary Health screening for 35 yrs. and above

Your key responsibilities

The analyst within the team would be primarily responsible for RCA and would be required to:-

• Collate and analyse contextual data and relevant data triggers (including read across from other assessments) to inform an accurate and up to date view of the Risk Profile as well as Emerging Risks.
• Update the Inherent Risk, Control Suite & Residual Risk rating and supporting rationale, liaising with Risk Types SMEs in their business.
• Consider the combined effectiveness of individual Key Controls, leveraging available individual Control certification & assessment from Control Owners, and individual Control Assurance results for Control Suite ratings.
• Participating in RCA workshop to ensure Risks are discussed and mitigation decisions are documented in the RCA tool.
• Creating an RCA snapshot in the tool as a point-in-time Risk Profile for the division and  coordinating capture of unresolved 2nd LoD challenges and obtain sign off from Business Head.

The analyst would also be responsible for

• Creation and delivery of senior management reporting to support decision making.
• Lead change initiatives e.g. planning, coordinating with various teams, tracking progress, and escalating where necessary.
• Running Non-Financial Risk Councils (NFRCs)
• Ensure Key Operating Policies & Procedures are fully documented and up to date.
• Perform and monitor level 1 controls and ensuring control inventory for Coverage is kept up to date.
• Initiate level 1 controls enhancement and automation
• Manage all aspects of Front Office Operational risk including operational and financial integrity issues, Self-Identified Issues, Audit Findings
• Provide support for audit reviews and compliance testing.
• Monitor the risk remediation/implementation on key issues.
• Provide analytical support to the BCU team and senior management decision making.
• Manage ad-hoc tasks as and when required.

Your skills and experience

• MBA in Finance from a premier institution with relevant experience
• Work experience in banking domain working on regulatory projects/ operational risk management.
• Strong interpersonal and excellent verbal and written communication skills. Experience in conducting and driving meetings with senior stakeholders.
• Able to work as part of a global team.
• Strong computer skills, particularly in dealing with high volume of data, management of databases and Excel. Advanced exposure to Word and PowerPoint is must.
• Strong analytical skills and ability to formulate clearly and present information in a compelling manner.
• Confident to question the status quo business practice / existing control framework.

How we’ll support you

• Training and development to help you excel in your career.
• Coaching and support from experts in your team
• A culture of continuous learning to aid progression.
• A range of flexible benefits that you can tailor to suit your needs.

About us and our teams

Please visit our company website for further information:

https://www.db.com/company/company.htm

We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.

Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.

We welcome applications from all people and promote a positive, fair and inclusive work environment.

Experience Level

Executive Level