Divisional Risk and Controls Specialist, Vice President

Job Title: Divisional Risk and Controls Specialist, Vice President

Location: Mumbai, India

Corporate Title: VP

Role Description

The Private Bank (PB) combines Deutsche Bank’s private clients business in Germany and its international business with private and commercial clients together with Wealth Management in a single division.

In both the domestic German market and worldwide the Private Bank provides high-quality advice to ~20 million clients and a broad range of financial services in many  countries – ranging from day-to-day banking services right through to advisory services for sophisticated Private Banking and Wealth Management clients. In Italy, Spain, Belgium and India the Private Bank offers its services to corporate clients as well as small and medium-sized enterprises.

The Private Bank is a strong pillar of the Group: a modern bank that boasts capital markets and financing expertise, a strong global network and modern digital services.

Team:

The team is part of the Team ‘Business Risk & Controls (BRC)’.  The PB BRC guards the “Protect” agenda by overseeing non-financial risks, conduct & control topics and regulatory changes. The team works across global PB franchise delivering complex key risk and control agenda, adding value for the Business to reduce complexity and enhance controls. The team works with cross-functional and global teams, collaborating with multiple stakeholders globally across the bank.

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

Business Risk & Controls (BRC) is responsible for overall non-financial risk and control management for the Private Bank.

The position will be specifically responsible for:

• Leading a team in Mumbai to deliver on various Non-Financial Risk management topics including but not limited to Risk and Control Assessment (RCA), Findings Management, Operational Risk Incidents Tracking / Reporting, Control Governance, oversight and testing as well as remediation
• Actively drive the RCA process to ensure that the risk profile for United States and Europe International remains accurate and up to date
• Analyze monthly Contextual Data (including findings, internal and external loss data, metrics, and remediation progress) to determine if updates are required to the risk profile
• Create and maintain an RCA Summary Report that includes key themes and risk drivers, new and emerging risks, and remediation planning
• Coordinate a quarterly RCA workshop with Business, Risk Type Controllers and Non-Financial Risk Management (NFRM) to review and challenge RCA Summary Report
• Ensure NFRM, Compliance, Anti-Financial Crime, and Legal are regularly involved throughout the RCA process, with formal engagement in the quarterly RCA workshop session
• Create new findings based on new control gaps or remediation requirements determined in the RCA process
• Coordinate regular Scenario discussions with the Business and Risk Type Controllers and ensure that new or emerging risks are reflected in the RCA for the business
• Evaluate Scenario Analysis observations and, if warranted, record any findings in the Global Findings Management System
• Support Non-Financial Controls, Governance and related processes
• Contribute to the development and build know-how within the team
• Developing effective partnerships with DCO, COO colleagues & Infrastructure partners

Tasks

• Defining the risk management framework
• Developing process and procedures to report on, manage, and mitigate risks to acceptable levels
• Maintaining operational control and discipline across the organizational unit
• Ensuring that business is conducted in accordance with applicable laws, regulations and in adherence to the bank's internal policies
• Providing thought-leadership around business specific risk taxonomies, assessment methodologies, process and control implementation
• Developing, tailoring and testing the control infrastructure for the business
• Communicating regulatory development and implications to the business
• Executing certain risk-related processes and draft first like risk procedures (e.g. product reviews, issue capture, regulatory change management, vendor management etc.)
• Coordinating execution of risk and control assessment (RCA) process
• Driving messaging and information from second line to first line (e.g., policies, procedures, training)
• Providing a consolidated view of non-financial risks
• Developing a positive risk culture, whilst assuring strategy alignment among various organizational

Your skills and experience

• Proven experience of working on Non-Financial Risk topic in a financial industry, specifically Risk and Control Self-Assessment, findings/issue management, Control Framework
• Relevant experience in the Retail Banking / Private Banking sector or experience in financial services or consultancy (with Private Banking experience preferred but not essential)
• Experience working on small to medium scale projects at least within a global environment
• University degree

Competencies:

• Very strong analytical skills (quantitative and qualitative)
• Proficiency with Microsoft Office programs; e.g. Excel , Word and PowerPoint
• Ability to work in pressurised situations
• Strong work ethic, commitment to excel and proven capacity to work effectively with limited supervision
• Strong communication (written and verbal) and relationship skills
• Ability to clearly articulate and present supported topics
• Excellent command of the English language (written and spoken skills)
• Ability to manage a team

Personal Characteristics:

• Proactive attitude and self-initiative
• Strong Team Player skills as well as demonstrated capability to own tasks
• Eagerness to learn and adapt to new situations and processes
• Service oriented
• Delivery-focused, able to support deliverables to deadlines
• Flexibility with respect to new tasks and the ability to work properly in stressful situations
• Ability to learn quickly and think laterally
• Driven and able to handle day-to-day routine as well as cope with shifting priorities to meet needs and demands

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:

https://www.db.com/company/company.htm

We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.