Job Description
Role Responsibilities
The role holder will be a part of a new Risk Governance hub being created in Bangalore India, focussing on support for Model Risk Management and Oversight. The candidate will support the ERM Model Risk Management team to ensure that Group Model Risk Policy (GMRP)and Group Model Risk Standards (GMRP)are adhered to.
The role holder will work in close alignment with a dedicated onshore manager that covers content driven topics and senior stakeholder management.
Maintain Frameworks, Policies and Standards
• Monitor adherence to Group Model Risk Policy and Group Model Risk Standards.
• Provide ongoing support ongoing support for CAS control standards (operational risk controls, control tests, key control indicators for policy compliance) and residual risk assessments across all model families control assessment standards (operational risk controls, control tests, key control indicators for policy compliance) across model families.
• Support Model Risk Policy effectiveness review.
Risk Governance Information and Systems
• Provide support for the effective administration of the Model Inventory tool and Control Framework Documents (RTFs, policies, standards).
Processes
• Provide support to continuously improve the operational efficiency and effectiveness of the Model Risk Management processes.
• Complete control testing to support the assessment of risks within the Model Risk processes.
Assurance and Reporting
• Maintain the Oversight Register.
• Track issues and remedial actions across model life cycle.
• Prepare monthly and quarterly Model Risk information reports, and any other ad-hoc reports as required. This includes engagement with stakeholders for inputs and review/ challenge of progress updates provided by stakeholders against timelines
Key Stakeholders
Internal
• Model Risk Management and Oversight Team
• Members of ERM Management Team
• Policy Owners, Model Sponsors and Global process Owners
• Country CRO, RFO, Governance teams
• Enterprise Risk Analytics Team
• Independent Review Function
• Financial Markets COO team
• Model Analytics Group (MAG), FM
• Internal Audit - Functions
• Group OR, and other business COOs
Other Responsibilities
• Embed Here for good and Group’s brand and values.
Governance
• Ensure that outcomes delivered, including necessary controls are fit for purpose and meet regulatory requirements.
• Ensure the Bank’s risk governance disciplines are adhered with.
The role holder will be a part of a new Risk Governance hub being created in Bangalore India, focussing on support for Model Risk Management and Oversight. The candidate will support the ERM Model Risk Management team to ensure that Group Model Risk Policy (GMRP)and Group Model Risk Standards (GMRP)are adhered to.
The role holder will work in close alignment with a dedicated onshore manager that covers content driven topics and senior stakeholder management.
Maintain Frameworks, Policies and Standards
• Monitor adherence to Group Model Risk Policy and Group Model Risk Standards.
• Provide ongoing support ongoing support for CAS control standards (operational risk controls, control tests, key control indicators for policy compliance) and residual risk assessments across all model families control assessment standards (operational risk controls, control tests, key control indicators for policy compliance) across model families.
• Support Model Risk Policy effectiveness review.
Risk Governance Information and Systems
• Provide support for the effective administration of the Model Inventory tool and Control Framework Documents (RTFs, policies, standards).
Processes
• Provide support to continuously improve the operational efficiency and effectiveness of the Model Risk Management processes.
• Complete control testing to support the assessment of risks within the Model Risk processes.
Assurance and Reporting
• Maintain the Oversight Register.
• Track issues and remedial actions across model life cycle.
• Prepare monthly and quarterly Model Risk information reports, and any other ad-hoc reports as required. This includes engagement with stakeholders for inputs and review/ challenge of progress updates provided by stakeholders against timelines
Key Stakeholders
Internal
• Model Risk Management and Oversight Team
• Members of ERM Management Team
• Policy Owners, Model Sponsors and Global process Owners
• Country CRO, RFO, Governance teams
• Enterprise Risk Analytics Team
• Independent Review Function
• Financial Markets COO team
• Model Analytics Group (MAG), FM
• Internal Audit - Functions
• Group OR, and other business COOs
Other Responsibilities
• Embed Here for good and Group’s brand and values.
Governance
• Ensure that outcomes delivered, including necessary controls are fit for purpose and meet regulatory requirements.
• Ensure the Bank’s risk governance disciplines are adhered with.
💡 Quick Summary
Seeking a career-building opportunity? The Senior Manager| MRPG 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.
