Job Title: Divisional Risk and Control Specialist, VP

Location: Mumbai, India

Role Description

• Divisional Control Office (DCO) team ensures that the division operates with high levels of integrity. DCO is responsible for supporting the business by developing, implementing, and maintaining a risk culture to ensure a strong and sustainable business control environment whilst minimizing risk arising from non-financial risk factors. DCO strategy includes improving the risk management information and strengthening the governance and risk culture.
• The Central Execution Group is aligned to IB DCO and will be responsible for complete lifecycle management of new / existing L1 cross-divisional controls that will be transitioned into DBC Mumbai including their Design, Execution, Governance and Sr. Management Reporting.

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 individual 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 the Business.

The individual 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 related meetings, as required
• Ensure Key Operating Policies & Procedures are fully documented and up to date.
• Perform and monitor level 1 controls and ensuring control inventory 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 DCO team and senior management decision making.
• Manage ad-hoc tasks as and when required.

Your skills and experience

• Post Graduate 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.html

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.