AI Risk Expert

Job Description AI Risk Expert - Senior Engineer, AVP Position Overview Job Title: AI Risk Expert - Senior Engineer, AVP Location: Pune, India Role Description - The Deutsche India is seeking a dedicated and knowledgeable AI Risk Expert to join our growing team. At the Service Solutions and AI Domain, our mission is to revolutionize our Private Bank process landscape by implementing holistic, front-to-back process automation. As a Private Bank AI Centre of Excellence, we are responsible for strategy building and execution of AI innovation, governance, and delivery across Private Bank, ensuring standardization, compliance, and accelerated adoption of AI solutions. We are dedicated to leveraging the power of data and AI to drive innovation, optimize operations, and deliver exceptional value to our customers. We are committed to enhancing efficiency, agility, and innovation, with a keen focus on aligning every step of our process with the customer's needs and expectations. Our dedication extends to driving innovative technologies, such as AI & workflow services, to foster continuous improvement. We aim to deliver best in class solutions across products, channels, brands, and regions, thereby transforming the way we serve our customers and setting new benchmarks in the industry. - As an AI Risk Expert, you will be instrumental in identifying, assessing, and mitigating risks associated with the development, deployment, and use of Artificial Intelligence within our Private Bank. This critical role requires a deep understanding of AI technologies, a strong grasp of regulatory landscapes (including banking-specific regulations), and expertise in risk management frameworks to ensure our AI initiatives are compliant, ethical, and trustworthy. You will play a pivotal role in safeguarding the bank against potential financial, reputational, and operational risks arising from AI, particularly concerning data privacy, model integrity, and responsible AI practices. 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 - AI Regulatory Compliance & Framework Development:Lead the interpretation and implementation of evolving AI regulations, including theEU AI Act, and other relevant frameworks (e.g.,Bafin - regulation on AI) within the bank's AI initiatives. - Model Risk Management (MRM) for AI:Develop, implement, and oversee robustModel Risk Managementframeworks specifically for AI and Machine Learning models, covering their entire lifecycle from design to decommissioning. This includes identifying, measuring, monitoring, and mitigating model risks, such as data drift, concept drift, and performance degradation. - Non-Financial Risk Management (NFRM) Integration:Integrate AI-related risks into the bank's broaderNFRM Risk Managementframework, assessing the impact of AI on operational, reputational, legal, and other non-financial risk categories. - Data Privacy & Governance (GDPR & Data Residency):Ensure all AI systems and data processing activities comply with stringent data protection regulations likeGDPR, and address concerns related todata residencyand cross-border data transfers, especially for EU data subjects. - Responsible AI Implementation:Champion and implement principles ofResponsible AI, focusing on fairness, transparency, accountability, and explainability in AI development and deployment. This includes assessing and mitigating algorithmic bias and ensuring human oversight. - Banking Risks Assessment:Conduct comprehensive risk assessments of AI applications specifically tailored to the financial services industry, evaluating potential impacts on credit risk, market risk, liquidity risk, and overallbanking risks. - Risk Reporting & Communication:Develop and present clear, concise reports on AI-related risks, compliance status, and mitigation strategies to senior management, relevant committees, and regulatory bodies. - Policy & Guideline Development:Contribute to the development and refinement of internal policies, standards, and guidelines for the ethical, secure, and compliant use of AI within the organization. - Audit & Assurance Support:Support internal and external audits related to AI risk, providing expertise and documentation to demonstrate compliance and effective risk management. - Emerging AI Risk Monitoring:Continuously monitor the evolving landscape of AI technologies and their associated risks, providing proactive insights and recommendations to adapt the bank's risk management strategies. Your skills and experience - Educational Qualification:Bachelor's or Master's degree in a quantitative field such as Computer Science, Risk Management, Law, or a related discipline. A specialization in AI/ML or a legal background focusing on technology/data privacy is highly advantageous. - Professional Experience:Proven experience (8+ years) in risk management, compliance, or a similar role within the financial services industry, with a significant focus on AI/ML. - Regulatory Expertise:In-depth knowledge and practical experience with key AI and data privacy regulations, including theEU AI Act,GDPR, and specific financial regulations from bodies likeBafinandRBIconcerning AI. - Model Risk Management (MRM):Strong understanding and experience in implementing and managingModel Risk Managementframeworks, particularly for advanced analytical models and AI/ML systems. - Non-Financial Risk Management (NFRM):Solid background inNFRM Risk Managementprinciples and practices, with the ability to assess and manage diverse non-financial risks. - Responsible AI Principles:Demonstrated understanding and ability to applyResponsible AIprinciples (fairness, transparency, accountability, explainability, human oversight) in practical scenarios. - Data Residency & Governance:Experience with data governance, data privacy, and managingdata residencyrequirements in complex, multinational environments. - Banking Domain Knowledge:Comprehensive understanding ofbanking risks(credit, market, operational, liquidity, reputational) and how AI can impact these risk categories. - Analytical & Problem-Solving Skills:Excellent analytical and critical-thinking abilities to identify complex AI-related risks, assess their potential impact, and formulate effective mitigation strategies. - Communication & Influence:Exceptional verbal and written communication skills, with the ability to articulate complex risk concepts to both technical and non-technical stakeholders, and influence decision-making at all levels. - Collaboration:Proven ability to work effectively with cross-functional teams, including AI engineers, data scientists, legal counsel, compliance officers, and business units. 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: We strive for a in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively. Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group. We welcome applications from all people and promote a positive, fair and inclusive work environment.