Risk Manager

2 days ago

Mumbai, Maharashtra, India Deutsche Bank Full time ₹ 1,04,000 - ₹ 1,30,878 per year
Job Title: Risk Manager - DWS Non-financial Risk Management, AVP

Location: Mumbai, India

Role Description

Team and Position Description

The DWS Non-financial Risk Management (NFRM) team is part of the DWS Chief Risk office within the DWS CFO division.

The DWS Chief Risk office is a dedicated risk oversight and control function, independent from the Front Office and mandated to manage financial, non-financial and investment risks for DWS Group and its subsidiaries.

DWS NFRM acts as 2nd line of defense (2LoD) Risk Control Function with the current mandate:
  • Develop, establish and assure qualitative, effective and consistent framework for Non-financial Risk Management and specific NFR risk types
  • Oversee NFR remediation and adherence to risk appetite and tolerance
  • Coordinate integrated NFR reporting
  • Act as Risk Type Specialist for several non-financial risk types
  • Manage Operational Risk Capital
You will join the DWS Risk team based in India reporting to the Head of NFRM Information Technology / Information Security (IT/IS) risk. As a subject matter expert on NFRM and IT/IS, you will be responsible for risk management including: assessing, monitoring and tracking remediation of IT/IS risk. You will work in partnership with all 3LoD (e.g., risk owners, Divisional Control Office, Chief Security Office, Internal Audit, the global NFRM team and related 2nd line functions like Compliance and AFC).

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
  • Develop a strong understanding of the NFRM and IT/IS framework and provide feedback on ongoing changes - to support effective / efficient Non-financial Risk Management
  • Support the establishment of requirements for the minimum standards within the IT/IS Risk Management Policy, subject to consultation with relevant controls functions in IT/IS, etc.
  • Support the establishment of appropriate qualitative and quantitative measures to enhance the DWS KGaA Risk Appetite Statement as it relates to IT/IS risk.
  • Work closely with DWS IT/IS colleagues to produce and communicate training related to the associated policies, procedures, and controls.
  • Support the delivery of organizational and NFRM priorities such as risk & control assessments, scenarios, risk appetite monitoring, risk metrics and DWS transformation activities related to IT/IS risk topics.
  • Engage / challenge DWS and DB stakeholders across 1st and 2nd LoD on ongoing risk management activities
  • Work closely with NFRM colleagues to provide support to regulatory and ad hoc initiatives / project work.
Your skills and experience
  • University degree (Economics, Finance, Maths, Computer Science, or equivalent)
  • Experience (5+ years) in risk management or managing IT/IS risk in a technology function - preferably in the finance industry, consulting, audit.
  • Strong grounding in Information Technology and Information Security in industry.
  • Relevant professional certifications are a plus (Risk Management/IT/IS Certificates, Auditor, etc.)
  • Knowledge of Asset Management is a plus
  • Knowledge and interest in AI, and digital assets is beneficial
  • Proficiency in MS PowerPoint, Excel, and Word
  • Ability to take initiative and constructively challenge the status quo
  • Strong team player and collaborative mindset
  • Strong English written and verbal communication skills
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 culture 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.

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