Operations Risk and Data Error, Avp

**Operations Risk and Data Error, AVP**:
**Job ID**:R0378385

**Full/Part-Time**:Full-time

**Regular/Temporary**:Regular

**Listed**:2025-04-22

**Location**:Mumbai

**Position Overview**:
**Job Title**:Operations Risk and Data Error, AVP**

**Location: Mumbai, India**

**Division Overview**:
Non-Financial Risk Management (NFRM) is a function within the Chief Risk Office, focused on managing the Bank’s non-financial Risk exposure in alignment to the defined group wide risk appetite and the governance framework. To achieve this the NFRM function requires:

- Risk Managers with the 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 (LoD) 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

NFRM is a matrix organization, with business, region, and functional specialist axes. The Non-Financial Risk manager is part of the 2nd Line and works with a specific business area and manages the operational risk according to the 3 LoD model and the NFR mandate. Specifically, s/he performs independent oversight of the implementation of the Group's NFRM Framework within the Business Divisions and Infrastructure Functions and independently assesses material risks and/or key controls (as required), providing challenge, approval, or veto as appropriate.

**Role Description**:
The Transaction Processing Risk Type Controller Team (TPR RTC) evaluates all DB businesses and infrastructure units to identify, assess, mitigate, and track risks associated with DB’s portfolio of transactions. The team drives a consistent set of roles and responsibilities defining accountability for Transaction Processing Risk Framework which is overseen by the Non-Financial Risk Committee and reviewed periodically by the Management Committee.

**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**
- Ensure that the TPR Risk Management is consistent with NFRM Framework and Regulatory expectations, across Risk & Controls Assessments, Findings and Event Management, Scenario Analysis, New Taxonomy Implementation, and other framework requirements.
- Provide appropriate feedback to the 1st Line, while ensuring independent 2nd line oversight of the transaction processing risk practices across the group, focusing on key residual risks
- Review Bank wide Findings with respect to Transaction Processing Risk and govern Findings Management lifecycle for relevant risk types
- Enhance Transaction Processing Risk & Controls monitoring and facilitate assessment and assurance requirements
- Drive improvements / enhancements in the control process to uplift the risk management practices.
- Support critical Key Deliverables of the Bank from 2nd Line perspective
- Partner with all businesses, and key stakeholders to develop TPR risk themes and execute Thematic Deep-Dives on the Operational Risk Events & Findings to understand most impacted Risk Types, Root Causes and Remediation actions.

**Your skills and experience**
- Extensive experience with a minimum of 8-10 years in Business / Operations / Risk management / Consulting, or similar role within financial services
- Advanced degree or diploma with relevant certifications, in areas such as Management or Accountancy
- Comprehensive understanding of the transactions and financials products offered by an Investment Bank / Financial Firm as well as the supporting infrastructure and controls
- A robust understanding of Operational Risk Management principles and practices
- Experience of working with senior stakeholders within a high-pressure dynamic environment and be willing to challenge as required.
- Demonstrated ability to convey complex ideas clearly and effectively both verbally and in writing to diverse audiences, including stakeholders, teams and senior management
- Experience in advanced Excel and Powerpoint

**How we’ll support you**
- Training and development to help you excel in your caree