Investment Bank (IB) Coverage - Business Process and Data Error Risk Manager, VP

Job Title: Investment Bank (IB) Coverage - Business Process and Data Error Risk Manager

Corporate Title: Vice President

Location: Mumbai, India

Role Description

• As part of the IB Coverage - Business Line OR team, you will be involved in Business Process and Data Error operational risk management from the second line perspective. You will engage in activities relating to various operational risk aspects in line with the non-financial risk management framework, with particular focus on transaction processing, leveraging your in-depth experience of this area. Focused on both the outcome and the process, you will collaborate across a wide range of stakeholders on key deliverables.
• The Chief Risk Office function has Group-wide responsibility for the management and control of all credit, market, operational, enterprise and liquidity risks and has the responsibility of continual development of methods for risk measurement, frameworks and creating a bank wide strong risk culture. Deutsche Bank has been named Bank Risk Manager of the Year by the leading publication risk.net for the second consecutive year (2020 & 2021).
• NFRM is a department within the Risk Division. As a second line of defense function, NFRM is responsible for oversight across all aspects of non-financial risk (NFR), including risk identification and assessment, control framework, risk appetite and scenario analysis.
• The purpose of the Non-Financial Risk Management (NFRM) function is to ensure that the banks NonFinancial Risk exposure is adequately managed in-line with the group wide risk appetite and NFRM framework. To achieve this the NFRM function requires:
• Risk Managers with the right balance of experience, seniority and tools to assess complex risks and intervene where they lie outside the bank’s risk appetite.
• A comprehensive, integrated, simple and easy to use NFR Framework with supporting technology that assists risk identification, assessment and remediation.
• Strong understanding of the businesses combined with regular engagement which would allow NFRM to provide support, review and challenge in line with the 3 Lines of Defence Model.
• Close coordination with all Second Line Risk Type Controllers to facilitate the production of a holistic view of NFR.
• Proper consideration of emerging risks, rather than just current issues.
• Effective governance combined with supporting MI that facilitates decision-making.
• In this role you will be part of the Investment Bank Coverage team within NFRM with a focus on Business Processes and IB Operations. This will require strong engagement with stakeholders and in particular the NFRM Risk SMEs, the NFRM Framework teams and 1st Line functions within IB and Operations.

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

• Deliver the non-financial risk management book of work relating to the core mandate of the team, including the IB Operations and focusing on Business Process and Data Error, as well as AI, DA, ESG
• Collaborate closely with a team of people focused on the core mandate within IB Business Line OR team.
• Partner across the group with key stakeholders to develop insight into the key risk themes that are impacting the 1st line.
• Provide review and challenge of NFRM risk themes into the IB and escalation of key concerns to 2nd line.
• Provide support for the 1st line where required on adoption of NFRM risk frameworks.
• Provide regulatory and external support of the topics, focusing on the risk management need.

Your skills and experience

• Strong understanding of Operations set up, processes and systems underpinning the Investment Bank transaction processing
• Knowledge of the divisional operating models and ability to translate business strategic changes into areas of emerging risks to support mitigation
• A robust understanding of Non-Financial Risk Management principles and practices
• Demonstrable experience of developing strong working relationships with business and infrastructure areas to facilitate successful risk management within the 3 Lines of Defence model
• Worked with Senior Stakeholders within a dynamic environment
• Appreciation of the regulatory environment impacting the Investment Bank business processes with focus on operations and resilience

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.