Divisional Risk and Control Sp - Mumbai, India - Deutsche Bank

Deutsche Bank

Verified Company

Mumbai, India

2 weeks ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

In Scope of Position based Promotions (INTERNAL only)
**Job Title

Divisional Risk and Control Specialist, AVP****Location
Mumbai**
Role Description

The Divisional Risk and Control Specialist is responsible for delivering specific aspects of the risk and control strategy for a sub-division.

This includes monitoring risk and control activities, risk based control reporting of key issues, performance and validation of cyclical activities such as annual control self assessments.

It would also include, control testing, incident research, remediation monitoring and other ad hoc control initiatives and projects.

The Divisional Risk and Control Specialist will liaise with other risk and control functions, on a management level to assure the integration of risk initiatives and projects.

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

Risk Reporting

Incident reporting:

Responsible for
Incident reporting including engagement with line, challenging the line on details submitted, ensuring that write up correctly reflects the issue and calls out control gaps / failures, Incidents are reported as per policy and also recorded in Incident Reporting System (dbIRS) depending upon thresholds in a timely manner. The individual is expected to continuously monitor and track for Event Data Quality of the events as well as ensure timely closure of incidents within stipulated time frame.

Risk & Control Reporting**- Establish and implement procedures to monitor measure and improve product performance against SOx, Control Policies, regularly measuring or receiving output of measurements to demonstrate areas of concern and compliance with standards.

Selfidentified Issues: Liaise with business to understand issues, challenge ratings in line with the Rating Grid, ensure that SII write up clearly calls out the inherent risk, action plan, and ownership and due date is agreed with all impacted parties. Follow up on SIIs to track progress, raise concerns if there is any risk of falling overdue. Facilitate closure process for SIIs which meet the target closure date
Audit Lifecycle Management: i)

Provide support for Internal and external audits to ensure accountability is with findings owner throughout the lifecycle ii) Monitoring and timely escalation of overdue items to Sr Mgmt iii) Conduct health checks and provide support on audit issues and action plans from tracking & closure perspective d Non-Financial Risk Reporting:

Review of Monthly Balance Sheet Substantiation reports and ensuring timely escalation and well-commented / summarized details for Finance Sr Mgmt.

Preventive Risk Management Practices**- Deep Dives: Perform process deep dives on high risk areas. Understand the identified process in detail and its current control framework and analyze risks to identify any gaps in current framework. Any gaps so identified need to be agreed with management and a remediation plan to be agreed - SIIs to be raised if required.

Financial Reporting Oversight:
Provide oversight and direction of risk management process ensuring risks covered are accurately measured, aggregard and analysed in accordance with SOx Framework

Engagement with Group Non-Financial Risk Management (NFRM)**- Consistently engage with Group Non-Financial Risk Management (NFRM) team to stay updated on the policy / procedures.

Be the SME within the Global FCO team; Conduct Training within FCO / Finance.
This profile plays an important role in certifying / validating information (Finance) used by NFRM team.
Need to have a strong stakeholder relationship with NFRM team. Respond to queries related to NFRM policies.

Miscellaneous Projects & Trainings

Create Risk awareness by conducting trainings on various control topics
Lead / execute various control initiatives
Control Week, Quiz, Floor Connects, Huddles etc.
Contribute towards global projects being run across the bank
Control Oversight Programme
Run any local risk oriented projects

Your skills and experience

Experience / exposure

Approximately 8 years of work experience with strong exposure to Operational Risk in a Banking /Finance industry
Good understanding of Financial Reporting and Disclosures (IFRS)
Strong understanding of Sarbanes Oxley (SOx) framework
Product and Process understanding, including knowledge of investment banking products/ business
Have strong skills in Designing and implementing control landscape