Job Description
Apply
Divisional Risk and Control Sp
Deutsche Bank
Mumbai, Maharashtra
Apply
24 hours ago
Full–time
Position Overview
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 timelymanner.
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 & ControlReporting
Establish and implement procedures to monitor measure and improve productperformance against SOx, Control Policies, regularly measuring or receiving output of measurements to demonstrate areas of concern and compliance withstandards.
Self-identified 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 closuredate
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 issuesandaction plans from tracking & closure perspective
dNon-Financial Risk Reporting: Review of Monthly Balance Sheet Substantiation reports and ensuring timely escalation and well-commented / summarized details for Finance SrMgmt.
Preventive Risk ManagementPractices
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 ifrequired.
Financial Reporting Oversight: Provide oversight and direction of risk management process ensuring risks covered are accurately measured, aggregard and analysed in accordancewith SOxFramework
Engagement with Group Non-Financial Risk Management(NFRM)
Consistently engage with Group Non-Financial Risk Management (NFRM) team to stayupdated 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 byNFRM team.
Need to have a strong stakeholder relationship with NFRM team.
Respond to queries related to NFRMpolicies.
Miscellaneous Projects & Trainings
Create Risk awareness by conducting trainings on various controltopics
Lead / execute various control initiatives - Control Week, Quiz, Floor Connects, Huddlesetc.
Contribute towards global projects being run across the bank - Control OversightProgramme
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 aBanking/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 controllandscape
Attention to detail including an eye for spotting errors and redundancies in existing processes and procedures
.Building risk awareness amongst staff by providing support and training within theorganization
Strong analytical skills - ability to articulatesuccinctly
iAbility to engage and influence seniorstakeholders
Ability to work independently, as well as in a team environment, prioritize multiple tasks, andmeets strictdeadlines
Proficient in Microsoft Office (MS Excel & PPT)applications
Strong Influencing skills to drive Risk agenda and develop culture of Positive Riskmanagement
Demonstrated commitment to continuous processimprovement
Education / qualification
Chartered Accountant, Masters in Finance / Bachelors (with expert knowledge of - GAAP / IFRS accounting procedures and financial reporting practices) or other quantitative field (OR, Accountancy, etc)
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:
Our values define the working environment we strive to create - diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, ****** orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.
Visit to discover more about the culture of Deutsche Bank including Diversity, Equity & Inclusion, Leadership, Learning, Future of Work and more besides.
8.00-10.00 Years
Divisional Risk and Control Sp
Deutsche Bank
Mumbai, Maharashtra
Apply
24 hours ago
Full–time
Position Overview
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 timelymanner.
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 & ControlReporting
Establish and implement procedures to monitor measure and improve productperformance against SOx, Control Policies, regularly measuring or receiving output of measurements to demonstrate areas of concern and compliance withstandards.
Self-identified 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 closuredate
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 issuesandaction plans from tracking & closure perspective
dNon-Financial Risk Reporting: Review of Monthly Balance Sheet Substantiation reports and ensuring timely escalation and well-commented / summarized details for Finance SrMgmt.
Preventive Risk ManagementPractices
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 ifrequired.
Financial Reporting Oversight: Provide oversight and direction of risk management process ensuring risks covered are accurately measured, aggregard and analysed in accordancewith SOxFramework
Engagement with Group Non-Financial Risk Management(NFRM)
Consistently engage with Group Non-Financial Risk Management (NFRM) team to stayupdated 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 byNFRM team.
Need to have a strong stakeholder relationship with NFRM team.
Respond to queries related to NFRMpolicies.
Miscellaneous Projects & Trainings
Create Risk awareness by conducting trainings on various controltopics
Lead / execute various control initiatives - Control Week, Quiz, Floor Connects, Huddlesetc.
Contribute towards global projects being run across the bank - Control OversightProgramme
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 aBanking/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 controllandscape
Attention to detail including an eye for spotting errors and redundancies in existing processes and procedures
.Building risk awareness amongst staff by providing support and training within theorganization
Strong analytical skills - ability to articulatesuccinctly
iAbility to engage and influence seniorstakeholders
Ability to work independently, as well as in a team environment, prioritize multiple tasks, andmeets strictdeadlines
Proficient in Microsoft Office (MS Excel & PPT)applications
Strong Influencing skills to drive Risk agenda and develop culture of Positive Riskmanagement
Demonstrated commitment to continuous processimprovement
Education / qualification
Chartered Accountant, Masters in Finance / Bachelors (with expert knowledge of - GAAP / IFRS accounting procedures and financial reporting practices) or other quantitative field (OR, Accountancy, etc)
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:
Our values define the working environment we strive to create - diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, ****** orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.
Visit to discover more about the culture of Deutsche Bank including Diversity, Equity & Inclusion, Leadership, Learning, Future of Work and more besides.
8.00-10.00 Years
💡 Quick Summary
Seeking a career-building opportunity? The Divisional Risk and Control Sp position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai 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.
