Risk & Controls- Risk Assessments

Job Title: Risk & Controls - Risk Assessments, AVP

Location: Bangalore, India

Role Description

Financial Crime Risk & Compliance Monitoring and Assurance (FCR&C M&A):

• Identifies and assesses Financial Crime and Compliance risks in Corporate Bank (CB), Investment Bank (IB) and KYC Ops.
• Ensures key 1st line of defence (1LOD) controls satisfy financial crime and compliance related risks are appropriately designed, implemented and, where necessary, remediated.
• Provides business-side leadership to 1LOD Anti Financial Crime and Compliance Risk frameworks.
• Facilitates collaboration and partnership between CB and IB businesses, AFC, Compliance, Non-Financial Risk Management and Technology, Data, and Innovation, to ensure E2E controls are well designed and effective.

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

• Review internal processes to confirm all relevant money laundering and sanctions risks have been appropriately identified and are being appropriately addressed.
• Participate in Risk Assessments to determine the adequacy of controls and the control environment and the resulting Residual Risk.
• Assess whether open findings linked to controls impact the design adequacy and/or operating effectiveness of controls.
• Confirm relevant controls or risk mitigants are in place to manage relevant money laundering and sanctions within internal processes and perform design and operating effectiveness testing on controls and mitigants.
• Assess whether the control environment appropriately responds to emerging risks and whether control enhancements are required post process improvements, regulatory changes, or other triggers.
• Communicate all changes relating to operational requirements, which impact on relevant processes and controls, ensuring understanding by the relevant target audiences.

Your skills and experience

• Profound knowledge of Know your Customer (KYC) matters and topics with 10+ years KYC operations experience.
• Identify risks within the KYC documentation and confirm issues have been remediated and/or appropriately escalated.
• Experience with risk identification, risk assessment, risk prioritization.
• Experience conducting operational risk assessments to determine the adequacy of Controls and the Control environment and the resulting Residual Risks.
• Experience with testing the design and operating effectiveness of controls and remediating any identified control gaps.
• Analytical skills and attention to detail, with the ability to think laterally around issues, proposing solutions where required and work to high standards and under strong time constraints.
• The ability to utilize your own area of expertise and knowledge to contribute to significant improvements in operational processes and policies.
• Experience with investment banking clients and with preferably with risk and complex client entity structures.
• Effective communication, organisation, prioritisation, and interpersonal skills.
• Ability to work to high standards and under strong time constraints.

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.