Job Title: Divisional Risk and Control Specialist - AVP

Location: Mumbai, India

Role Description

The Divisional Control Office (DCO) / 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. The DCO/BCU teams drive strategic improvements in risk management and strengthen governance, while operationally supporting the front office in executing the Non-Financial Risk framework.

Job Details:

The 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 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 DCO / 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

Key control inventory management

• Review and validate the completeness and accuracy of control inventory records in dbGRC as per KCOF standards.
• Ensure proper classification and ownership of controls prior to certification and approval.
• Track the status of control certifications and Risk Owner attestations, escalating gaps to relevant stakeholders for timely closure.
• Validate remediation actions for non-certified controls before closure.
• Support documentation reviews, including process flows, risk statements, and control descriptions.
• Lead KCCF meetings to ensure a productive and efficient discussion.
• Work closely with the Business Controls team, Non-Financial Risk Management team, and Front Office for the development of an assurance/testing plan for the division.
• Perform independent assurance/testing over Front Office (FO) and other key control processes.
• Provide feedback on proposed control designs to ensure adequacy and sustainability.
• Support scenario analysis workshops and emerging risk forums to test the resilience of controls.
• Prepare assurance reporting and dashboards for management and governance forums.
• Partner with Business Controls, Non-Financial Risk Management, and other stakeholders to strengthen the control environment.
• Check and challenge updates made to the key control inventory.

The Divisional Risk and Control Specialist 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 project management skills and a proactive team partner
• Strong interpersonal and excellent verbal and written communication skills. Experience in conducting and driving meetings with senior stakeholders.
• 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.
• Strong understanding of the control design principles and Non-Financial Risk framework preferred.
• Familiarity with DB organization a plus, but not mandatory

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.