Nfrm Service Centre - Mumbai, India - Deutsche Bank

Deutsche Bank

Verified Company

Mumbai, India

1 week ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

**Job Title
- **NFR Coverage

ASSOC
Mumbai Risk Center

**Location
- **Mumbai, India

Role Description

The purpose of the Non-Financial Risk Management (NFRM) function is to ensure that the bank's Non-Financial Risk (NFR) exposure is adequately managed in-line with the group wide risk appetite and NFRM framework.

To achieve this the NFRM function requires:

Risk Managers with experience, seniority and tools to assess complex risks and intervene where they lie outside the bank's risk appetite
A comprehensive, integrated, simple and easy to use NFR Framework with supporting technology that assists risk identification, assessment and remediation
Strong understanding of the businesses combined with regular engagement which would allow NFRM to provide support, review and challenge in line with the 3 Lines of Defence Model
Close coordination with all 2nd Line of Defence (LoD) Risk Type Controllers to facilitate the production of a holistic view of NFR
Proper consideration of emerging risks, rather than just current issues
Effective governance combined with supporting MI that facilitates decisionmaking

NFRM is a matrix organization with business/region and functional specialist axes.

The role a business aligned NFR manager has within NFRM is to work with a specific business area and manage NFR according to the 3 LoD model and the NFR mandate.

Specifically, they perform independent oversight of the implementation of the Group's NFRM Framework within the Business Divisions and Infrastructure Functions and independently assess material risks and/or key controls (as required), providing challenge, approval or veto as appropriate.

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

This role in the NFR Mumbai Risk Centre's Coverage team will be expected to effectively perform 2nd LoD responsibilities to include the independent advice, facilitation, and monitoring and assessment activities on a risk-basis for the underlying business units.

Collaborate with key 1st LoD stakeholders through periodic touchpoints to dynamically monitor changes in the businesses risk profile; identify areas of challenge based on read across of underlying information (e.g. loss themes, metrics, Findings/SIIs and other contextual information)
Proactive identification of internal and external events through internal reports and external aggregators (such as ORX, Reuters, Bloomberg, etc.); strategic analysis of identified control deficiencies to better inform on underlying themes/drivers
Support the development of a framework to govern the remediation of identified risks and map these risks to other control issues
Monitor key metrics through internal reports and systems and flag issues and breaches; collaborate with 1st LoD stakeholders as the issues and breaches evolve and help provide a link to the wider NFR landscape
Assist in the preparation of decisionmaking material (such as reports, dashboards, etc.) for the effective 2nd Line of Defense monitoring and challenge of operational risk management
Assess key risks and controls e.g. review lessons learned, deep dives, scenario analysis/emerging risk discussions, transformation risk and new product reviews

Your skills and experience

A robust understanding of Non-Financial Risk Management principles and practices with minimum 6 years' experience in Operational Risk Management
Strong Controls framework background with 2nd LOD and Audit experience in key controls identification, Assurance and Challenge would be preferred
Demonstrable experience of developing strong working relationships with business areas to facilitate successful risk management within the 3 LoD model
Advanced user of MS Excel / Access database with experience of data aggregation and manipulation to produce meaningful MI
Experience with external risk related data sources, such as ORX, Reuters & Bloomberg
Worked with Senior Stakeholders within a high pressure dynamic environment
Ability to demonstrate effective challenge to divisions with regards to risk identification and risk mitigation; identifying material themes and being able to influence business areas to focus on those areas

How we'll support you