IB Divisonal Risk

Job Title: IB DCO - Remote Booking Supervision, Associate

Location: Mumbai, India

Role Description

The Divisional Risk and Control team is responsible for designing and implementing the risk and control strategy, providing a consolidated view of financial and non-financial risks for a sub-division. This includes supervision and assurance of risk-based control reporting of key issues, cyclical activities such as annual control self-assessments, remote supervision framework, control testing, incident research, remediation monitoring and other deep dive reviews. The Divisional Risk & Control team will manage key relationships with other risk and control functions, including driving transparency and consistency.

Scope:

• The IB DCO Mumbai is looking for an Associate supporting the front office in executing the Non-Financial Risk (NFR) framework for its business line. The IB DCO Mumbai team is responsible for the monitoring of trade bookings for EEA clients into DBAG London and highlight any transactions booked into the incorrect legal entity.
• Remote Booking Supervision (RBS)
• DB AG Frankfurt covering IB, CB, CRG and TSY
• O&A RBS management covering Frankfurt & London
• MI production for DB AG London
• NFR Management and Governance (incl. NPA/NTA, PRIIPS/MiFID II product governance)
• Supervision and Controls
• Audit and Regulatory Governance (BaFin, EY, WpHG Section 89 audit)

The Role offers:

• An international, cross-divisional opportunity to drive your career forward in a fast-paced environment.
• An exceptional variety of knowledge areas to be discovered.
• The opportunity to take part on the development and implementation of control framework.
• A diverse team with colleagues from many different backgrounds across the globe

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

Primary responsibility would be to support Remote supervision governance across IB / CB / CRU and Treasury

• Produce Remote Supervision Packs to facilitate the various remote supervision governance fora
• Co-ordinate and collate MI by working closely with various teams to ensure timely availably of source data.
• Run Data Quality and completeness checks for the provision of MI
• Lead and discuss incorporation of new metrics requested by Remote supervisors
• Collaborate with Strategic Analytics Group and other IT teams to automate the MI that is currently sourced manually
• Follow up on open / outstanding actions in advance of the remote supervision meetings
• Deliver additional controls where gaps are identified in existing control framework
• Own the monthly MI creation / automation ideas always ensuring utmost accuracy of data

Implementation of the control framework:

• Perform gap analysis across business divisions and document required capabilities, process and technology changes required to close the gap.
• Establish key delivery plans and milestones for control framework roll out.
• Collaborate with Strategic Analytics Group, Group Tech and 2nd LoD teams to design and implement the control suites
• Identify opportunities to implement preventive control measures
• Automate and migrate controls upstream wherever possible
• Drive/monitor risk remediation activities of audit findings, self-identified issues and regulatory commitments.
• Ownership for running specific 1st LoD controls including support in pro-active management, development/enhancement and review of the controls e.g. Trader Mandate exceptions.
• Monitoring of trade bookings for EEA clients into DBAG London and highlight any transactions booked into the incorrect legal entity:
• Timely investigation of trade bookings
• Pro-actively engage with Business and Middle Office for further investigation of trade bookings.
• Monitor investigation results and remediation status of wrong bookings.
• Lead the calls with Business Managers
• Escalate any overdue activities to the team lead in a timely manner.
• Support the team lead in the creation of monthly MI.
• A monthly report will be created to present the results of booking reviews to the Business, Legal and Compliance and escalate any identified potential breaches or overdue booking investigation/remediation.
• Candidate will work closely with different stakeholders in IB and Middle Office to support the Business in the investigation and remediation of the trade bookings. Regular meetings with Legal, Compliance and other stakeholders are established to support the process.

Your skills and experience

• Minimum of eight years prior experience in a financial institution, preferably in a Finance, Operations or Risk & Control function.
• Strong skills in MS Excel and PowerPoint with exposure to VBA/programming preferred.
• Self-starter who can work autonomously and proactively within tight timelines and with minimal supervision.
• Strong quantitative and analytical skills/knowledge related to risk management/operational risk.
• Effective relationship building and communication skills.
• Demonstrated stakeholder management skills and ability to work effectively with all levels within the organization.
• Project management skills to independently drive strategic automation solutions.
• A willingness to be flexible to meet changing work priorities and tasks, with an ability to manage a high workload, work independently and plan your work to meet deadlines.

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

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