RDA&RR Independent Validation, Associate

Job Title: RDA&RR Independent Validation, Associate

Location: Mumbai, India

Role Description

The Basel Committee for Banking Supervision (BCBS) published a regulatory directive titled “Principles for Effective Risk Data Aggregation and Risk Reporting” in 2013, which DB and all other global systemically important banks (G-SIBs), must comply with.

DB has defined a compliance framework that reinforces and strengthens practices in risk data aggregation and risk reporting - to improve the quality of information used for key risk decision-making, and ultimately to evidence compliance to the principles in BCBS 239

This role sits within NFRM which works in conjunction with the Divisional Risk and Finance teams to operationalise / ensure adherence to the RDA&RR compliance framework, and to achieve compliance to BCBS 239. The RDA&RR Independent Validation Lead will review and provide independent validation / quality assurance over the measurement and monitoring activity in the Risk and Finance divisions (for their Key Risk Metrics and Key Risk Reports).

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

• Assist the RDARR team in the delivery of the Independent Validation function mandate, against objectives.
• Take responsibility of governance for compliance framework adherence by Risk and Finance divisions:
  • Execute quality assurance reviews on RDARR in scope metrics and reports to assess adherence to internal standards and regulatory expectations.
  • Support the QA planning process by identifying areas of focus based on risk assessments, materiality and issue history.
  • Collaborate with risk, finance, data governance and IT teams to ensure consistent implementation of RDARR principles across entities, risk types and regions.
  • Track and support remediation efforts for identified gaps or control weakness, ensuring timely and sustainable closure.
  • Support the annual self-assessment process done at Group level.
• Identify opportunities to enhance RDA&RR Governance, Policy and Framework. Where necessary take the lead in defining enhancements to the issued Standards and Guidance (or level 3 Policy).
• Actively supports the business strategy, plans and values, contributing to the achievement of a high-performance culture
• Engage with stakeholders across risk, finance, treasury, data governance and technology to socialize QA findings, gather inputs and support a culture of continuous improvement
• Support the preparation of IV results, dashboards and reports for senior management, governance committees and audit requirements.
• Stay informed of evolving regulatory requirements related to data aggregation and risk reporting

Your skills and experience

• University degree or appropriate professional experience.
• Strong understanding of risk and finance data environments, reporting process and related controls
• Familiarity with BCBS 239/ RDARR principles and data quality concepts
• Understanding of the regulatory environment, frameworks and compliance requirements associated with financial services.
• Experience of Quality Assurance and/or Audit Assurance.
• Excellent communication and interpersonal skills with the ability to work collaboratively across global teams and influence stakeholders.
• Ability to think outside given procedures and processes, questioning, and analysing current practices combined with an ability to innovate and provide creative solutions.
• Proficiency in MS Excel, PowerPoint and data analysis or workflow tools

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.