Job Description
Job Description:
Job Title: AVP – COE -Findings Validation, DCO/Risk team
Location: Bangalore, India
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 re-perform test steps and arrive at the same conclusion / can understand issue write-up 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 risk-based 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:
• 8-10 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
• Self-starter, proactive and excellent team player with ability to work well under pressure in a fast-paced 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 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
Job Title: AVP – COE -Findings Validation, DCO/Risk team
Location: Bangalore, India
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 re-perform test steps and arrive at the same conclusion / can understand issue write-up 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 risk-based 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:
• 8-10 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
• Self-starter, proactive and excellent team player with ability to work well under pressure in a fast-paced 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 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
💡 Quick Summary
Seeking a career-building opportunity? The Divisional Control Office AVP position is now open for candidates interested in the Bank Jobs sector. This role in Bengaluru offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
