Job Description
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Divisional Risk and Control Specialist
Deutsche Bank
Mumbai, Maharashtra
Apply
13 hours ago
Full–time
Job Description :
Job Title - Divisional Risk and Control Specialist
Location Mumbai, India
Role Description
Finance Control Oversight (FCO) mandate is to support the Chief Financial Office by providing an aggregated view of risk and assist in managing these risks against the defined risk appetite.
FCO also maintain strong connections in the regions and will support the regional CFOs across Americas, EMEA and APAC in their quarterly sign off of the Financials through the independent assessment of risks and control issues.
The team support Finance and other stakeholders, including Infrastructure and Businesses, by implementing a robust risk management framework including the management of the SOx and Balance Sheet Substantiation frameworks.
The individual is required to perform Analytics, Risk reporting and assessment for the FCO team. The individual would need to assess risks based on Incidents, Risks identified through self assessments, Policy requirements etc.
The individual is required to possess strong stake holder management skills (including global stakeholders)
The individual must have a good understanding of Financial Reporting and the related processes
The individual is expected to understand Sarbanes Oxley (SOx) related frameworks within the Risk & Control ambit.
The individual is required to possess strong communication and articulation skills that could be demonstrated in all forms of communication and presentations
The role involves front to back review of issues / findings / events to assess its impact of on Internal Control over Financial Reporting
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
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.
• 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 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
• 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 Program
• Run any local risk oriented projects
Your skills and experience
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
• 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 the organization
• Strong analytical skills ability to articulate succinctly
• Ability to engage and influence senior stakeholders
• Ability to work independently, as well as in a team environment, prioritize multiple tasks, and meets strict deadlines
• Proficient in Microsoft Office (MS Excel & PPT) applications
• Strong Influencing skills to drive Risk agenda and develop culture of Positive Risk management
• Demonstrated commitment to continuous process improvement
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
Divisional Risk and Control Specialist
Deutsche Bank
Mumbai, Maharashtra
Apply
13 hours ago
Full–time
Job Description :
Job Title - Divisional Risk and Control Specialist
Location Mumbai, India
Role Description
Finance Control Oversight (FCO) mandate is to support the Chief Financial Office by providing an aggregated view of risk and assist in managing these risks against the defined risk appetite.
FCO also maintain strong connections in the regions and will support the regional CFOs across Americas, EMEA and APAC in their quarterly sign off of the Financials through the independent assessment of risks and control issues.
The team support Finance and other stakeholders, including Infrastructure and Businesses, by implementing a robust risk management framework including the management of the SOx and Balance Sheet Substantiation frameworks.
The individual is required to perform Analytics, Risk reporting and assessment for the FCO team. The individual would need to assess risks based on Incidents, Risks identified through self assessments, Policy requirements etc.
The individual is required to possess strong stake holder management skills (including global stakeholders)
The individual must have a good understanding of Financial Reporting and the related processes
The individual is expected to understand Sarbanes Oxley (SOx) related frameworks within the Risk & Control ambit.
The individual is required to possess strong communication and articulation skills that could be demonstrated in all forms of communication and presentations
The role involves front to back review of issues / findings / events to assess its impact of on Internal Control over Financial Reporting
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
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.
• 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 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
• 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 Program
• Run any local risk oriented projects
Your skills and experience
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
• 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 the organization
• Strong analytical skills ability to articulate succinctly
• Ability to engage and influence senior stakeholders
• Ability to work independently, as well as in a team environment, prioritize multiple tasks, and meets strict deadlines
• Proficient in Microsoft Office (MS Excel & PPT) applications
• Strong Influencing skills to drive Risk agenda and develop culture of Positive Risk management
• Demonstrated commitment to continuous process improvement
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
💡 Quick Summary
Seeking a career-building opportunity? The Divisional Risk and Control Specialist 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.
