Divisional Control Office Avp - Pune, India - Deutsche Bank

Deutsche Bank

Verified Company

Pune, India

2 weeks ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

Job Title:
AVP - COE -Findings Validation, DCO/Risk team

Location:
Pune

Role Description

The COE (Center of Excellence) validation team is responsible for supporting Operations with first line operational risk management across IB (Investment Banking) and CRU Operations.

The role will require to evaluate whether Audit Findings Or SII (Self Identified Issues) have been thoroughly mitigated, and confirm that evidence of the risk mitigation meets a high standard.

This is a high visibility role requiring ability to work independently, learn complex concepts quickly, build strong relationships, working collaboratively with business teams globally.

Able to challenge and be challenged whilst maintaining the highest levels of professionalism. Drive quality and consistency across the findings validation process by focusing on the following

Track life cycle events (Closure, Target date extension, Risk Rating Reclassification) of the Audit findings / SII (Self Identified Issues) for timely action by the finding owners
Work with Operations to review, validate, test (design and operating effectiveness of controls) and challenge the remediation implemented to ensure the risk highlighted in the finding is mitigated
Obtain concurrence from the RTC (Risk Type Controller
Second Line) on High severity/Significant rated findings wherever required by the procedure
Review the findings template for its accuracy and completeness of evidence before seeking DCO (Divisional Control Officer) approval on life cycle events
Flag challenges to the DCO (Divisional Control Officer) and senior management (Findings likely to go overdue, RAG downgrade, CEAG
Control Environment Assessment Grid Impact)
Generate accurate management Information reporting for Weekly / Monthly findings validation governance packs
Perform validation activities leveraging findings management framework and related policy/procedures

This role will lead multifaceted and engagement with senior stakeholders across multiple teams globally.

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:

Test design and operating effectiveness of controls to ensure risk is mitigated and challenge the remediation.
Ensure that the quality of work stands up against key stakeholders' scrutiny and challenge, e.g. an independent person can reperform test steps and arrive at the same conclusion / can understand issue writeup covering root cause of control gap, residual risks and its impact
Work collaboratively with key stakeholders to challenge and agree a sound and practical remediation plan
Engage with key stakeholders to assist in the development of a riskbased assessment Book of Work by referencing various trigger events e.g. key risk indicators outside risk appetite, major incidents or major change event
Support the collation of key management information and the conduct of risk governance meetings
Deliver functional training sessions to develop / enhance skillset for assessments and assurance activities

Your skills and experience:

810 years' work Experience of working in financial services industry preferably in MNC Bank with strong functional and product knowledge of investment banking, payments, SCAF, MiFID II, asset and wealth management products as well as strong awareness of risk management principles
Experience in performing risk assessments and ability to identify material risks that impact business. Experience in audit of banks / big 4 is an added advantage
Inquisitive and probing approach to problem solving, strong analytical skills, high attention to detail, solid organisational and interpersonal skills
Effective problem solving, decision making capability and leadership qualities
Strong verbal and written communication skills with experience of reporting to senior management
Ability to maintain objectivity and independence in raising areas of operational risk exposure as well as in having an effective working relationship with key stakeholders
Experience in handling projects independently and working to deadlines and budget i.e., strong project management skills
Selfstarter, proactive and excellent team player with ability to work well under pressure in a fastpaced environment and always with professionalism. Ability to be open minded, share information, transfer knowledge and expertise to team members
Strong delivery focus and experience in leading projects end to end

**How we'll support