Job Description
Job Description:
Job Title: NFR Validation Associate– NFRM Framework
Location : Mumbai
Role Description:
This position is within Non-Financial Risk Management (NFRM) within the 2nd Line of Defence (LoD). NFRM is the risk type controller for Operational Risk (OR) and owns the overarching Operational Risk Management Framework (ORMF).
As part of NFRM Framework, NFR Validation team has the following responsibilities:
· Review and assessment of production processes & IT implementation
· Assessment of data quality and reflection of DB's risk profile
· Validation of parameter & data selection
· Review of model documentation to ensure adherence with the Model
Development Principles
· On-going monitoring of metrics calculated from the models (e.g. Back testing of RWA and Expected Loss)
What we'll offer you
Please be aware there are regional differences to DB benefits and you will need to check the correct package per advert.
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 child care assistance benefit (gender neutral)
• Flexible working arrangements
• 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
• Perform data validation with use of statistical methods
• Perform process validation by reviewing and assessing model relevant processes
• Preparation of validation reports and senior management presentations
• Ensuring uniform communication with the business partner as well as the establishment of networks within/outside the Risk function
• Regular review of operational risks, assessment, and evaluation
• Monitoring of industry segment trends of the defined portfolio of risks
• Quality control of work results within the validation scope
• Cooperation in improving existing AMA processes and workflows
• Independent implementation of new validation tasks
• Regular attendance at scheduled meetings and conferences, e.g. presentations of work results to senior decision-makers/workgroups, partly also processing of meetings and telephone conferences (agenda, keeping the minutes)
• Support with urgent activities at short notice
• Cooperation with projects within the scope of the validation specialist function
• Exchange of specialist information with colleagues, e.g. by means of presentations / micro-training
• Support the NFRM MCG and Policy Team on Model validation governance / policy related activities
• Other activities including regular governance and connect with relevant stakeholders etc.
Your skills and experience
Education and Experience:
• Post graduate degree in finance, business, law, economics, risk management or a quantitative/science-related discipline is desirable
• More than five years of relevant professional work experience
• Professional experience in Operational Risk, Internal audit, Capital Computation, Governance would be an advantage
• Project experience (e.g. IT and regulatory)
• Experience in the context of AMA/SMA Model is a strong advantage
• Ability to work effectively with teams spanning multiple geographical locations
• Experience in the preparation of presentations for a senior audience, minutes taking (i.e. strength towards synthesis)
• Experience in business analysis and/or project management would be an advantage
• Experience with managing various stakeholders, deadlines and adhering to regulatory/audit requirements would be an advantage
Competencies:
• Willingness to learn and acquire deep subject-matter / technical expertise
• Experience with internal audit, Compliance, and regulator
• Ability to prepare, participate, and document discussions & build relationships within function
• Very good eye for detail, numerically literate and accurate with numbers
• Able to work as part of an international team, but also self-reliant
• Very Good analytical synthesis skills (i.e. ability to summarize long content/discussions in few lines)
• Excellent verbal and written communication skills in English
• Experience in statistical software (e.g. R, SAS, Python, Tableau)
• Very good knowledge in MS Office (Excel, Word, Access, PowerPoint), experience with intranet page programming desirable
Personal characteristics:
• Team orientated and motivated
• Flexible to work on different tasks and projects
• Able to cope well under pressure and with tight deadlines
• Comfortable working in an international environment
• Proactive approach
• Attention to detail
• Quality focused
• Demonstrate curiosity for risk management and regulatory changes
• Continuous Improvement
How we'll support you
• Training and development to help you excel in your career
• Flexible working to assist you balance your personal priorities
• Coaching and support from experts in Framework 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.
Click to find out more about our diversity and inclusion policy and initiatives
Job Title: NFR Validation Associate– NFRM Framework
Location : Mumbai
Role Description:
This position is within Non-Financial Risk Management (NFRM) within the 2nd Line of Defence (LoD). NFRM is the risk type controller for Operational Risk (OR) and owns the overarching Operational Risk Management Framework (ORMF).
As part of NFRM Framework, NFR Validation team has the following responsibilities:
· Review and assessment of production processes & IT implementation
· Assessment of data quality and reflection of DB's risk profile
· Validation of parameter & data selection
· Review of model documentation to ensure adherence with the Model
Development Principles
· On-going monitoring of metrics calculated from the models (e.g. Back testing of RWA and Expected Loss)
What we'll offer you
Please be aware there are regional differences to DB benefits and you will need to check the correct package per advert.
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 child care assistance benefit (gender neutral)
• Flexible working arrangements
• 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
• Perform data validation with use of statistical methods
• Perform process validation by reviewing and assessing model relevant processes
• Preparation of validation reports and senior management presentations
• Ensuring uniform communication with the business partner as well as the establishment of networks within/outside the Risk function
• Regular review of operational risks, assessment, and evaluation
• Monitoring of industry segment trends of the defined portfolio of risks
• Quality control of work results within the validation scope
• Cooperation in improving existing AMA processes and workflows
• Independent implementation of new validation tasks
• Regular attendance at scheduled meetings and conferences, e.g. presentations of work results to senior decision-makers/workgroups, partly also processing of meetings and telephone conferences (agenda, keeping the minutes)
• Support with urgent activities at short notice
• Cooperation with projects within the scope of the validation specialist function
• Exchange of specialist information with colleagues, e.g. by means of presentations / micro-training
• Support the NFRM MCG and Policy Team on Model validation governance / policy related activities
• Other activities including regular governance and connect with relevant stakeholders etc.
Your skills and experience
Education and Experience:
• Post graduate degree in finance, business, law, economics, risk management or a quantitative/science-related discipline is desirable
• More than five years of relevant professional work experience
• Professional experience in Operational Risk, Internal audit, Capital Computation, Governance would be an advantage
• Project experience (e.g. IT and regulatory)
• Experience in the context of AMA/SMA Model is a strong advantage
• Ability to work effectively with teams spanning multiple geographical locations
• Experience in the preparation of presentations for a senior audience, minutes taking (i.e. strength towards synthesis)
• Experience in business analysis and/or project management would be an advantage
• Experience with managing various stakeholders, deadlines and adhering to regulatory/audit requirements would be an advantage
Competencies:
• Willingness to learn and acquire deep subject-matter / technical expertise
• Experience with internal audit, Compliance, and regulator
• Ability to prepare, participate, and document discussions & build relationships within function
• Very good eye for detail, numerically literate and accurate with numbers
• Able to work as part of an international team, but also self-reliant
• Very Good analytical synthesis skills (i.e. ability to summarize long content/discussions in few lines)
• Excellent verbal and written communication skills in English
• Experience in statistical software (e.g. R, SAS, Python, Tableau)
• Very good knowledge in MS Office (Excel, Word, Access, PowerPoint), experience with intranet page programming desirable
Personal characteristics:
• Team orientated and motivated
• Flexible to work on different tasks and projects
• Able to cope well under pressure and with tight deadlines
• Comfortable working in an international environment
• Proactive approach
• Attention to detail
• Quality focused
• Demonstrate curiosity for risk management and regulatory changes
• Continuous Improvement
How we'll support you
• Training and development to help you excel in your career
• Flexible working to assist you balance your personal priorities
• Coaching and support from experts in Framework 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.
Click to find out more about our diversity and inclusion policy and initiatives
💡 Quick Summary
Seeking a career-building opportunity? The NFRM Service Centre 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.
