Risk and Control Analyst – Operational Risk

1 month ago

Bengaluru, India F337 Deutsche India Private Limited, Pune Branch Full time

Description

Divisional Risk and Control is responsible for non-financial risk and control management for the relevant operating Division or Infrastructure function or Dedicated Central Control Unit for the bank. Work includes:

Defining the risk management framework Developing process and procedures to report on, manage, and mitigate risks to acceptable levels Maintaining operational control and discipline across the organizational unit Ensuring that business is conducted in accordance with applicable laws, regulations and in adherence to the bank's internal policies Providing thought-leadership around business specific risk taxonomies, assessment methodologies, process and control implementation Developing, tailoring and testing the control infrastructure for the business Communicating regulatory development and implications to the business Executing certain risk-related processes and draft first like risk procedures (e.g. product reviews, issue capture, regulatory change management, vendor management etc.) Managing Risk and Compliance data and information for both first and second lines Coordinating execution of risk and control self-assessment (RCSA) process Driving messaging and information from second line to first line (e.g., policies, procedures, training) Providing a consolidated view of non-financial risks Developing a positive risk culture, whilst assuring strategy alignment among various organizational levels

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

To assist with the management of the organization’s Operational Risk framework by performing Control Effectiveness Testing against the controls identified within the Risk and Control Inventory process. This will enable support of the Bank’s strategic objectives by providing meaningful insight and guidance to a range of internal stakeholders across the Corporate Banking Divisions. This role is exclusively for candidates who have experience in Corporate Banking Operations internal control testing.

As an Analyst, you will be responsible for providing teams with an informed opinion on the effectiveness of controls they operate and how to mitigate operational risks. You will undertake testing of controls to validate designs, operating effectiveness and sustainability of controls operated by the Corporate Banking Operations team/s. You will need to articulate findings from testing work and raise issues where appropriate and agree actions plans to mitigate risks identified.

Operational Risk Controls Testing

Perform the Control Assurance Testing against the requirements – Design and Operative effectiveness testing Maintain a structured testing plan to include method, levels of sample testing, stakeholder engagement and timelines for completion, follow up meetings, documented findings, and agreement on remedial action plans. Articulating verbally and write Controls Testing reports with minimal supervision Delivering Controls Testing reviews in line with quality and timeline expectations – accountable for the accuracy of data in the Controls Testing templates Developing and maintaining relationships with stakeholders, and represent the Controls Testing & Execution team in meetings, working groups etc., as required Delivering quality outputs and own assigned tasks with a proactive approach Escalating issues with proposed solutions to the team lead in a timely fashion Maintaining relationships within the team Establishing and maintaining collaborative relationships with staff (e.g.,CB Operations, Risk officers etc) as required to drive the completion of testing activity

Your skills and experience

The role requires the individual to have experience in conducting QA reviews as follows:

Understanding of Operational Risk Control Testing principles Experience in running effective Operational Risk Control Testing reviews Ability to remain objective and independently assess processes in operational areas Ability to communicate and maintain an effective working relationship with the various Ops teams Inquisitive and probing approach to problem solving and general assessment Strong analytical skills, high attention to detail, solid organizational and interpersonal skills Strong ability to interact with, collaborate, communicate and influence individuals at all levels Effective problem solving and decision making capability Experience operating in a complex, global environment Excellent written, oral, and presentation skills Profound knowledge and experience of various Operational risk environments within Corporate Banking divisions Ability to work in fast-paced environment Open minded, able to share information, transfer knowledge and expertise to team members Keeps pace with technical/operational innovation maintains understanding of the Corporate Banking processes/products Proficient with MS Office programs (Excel, PowerPoint, Word, etc.) Education / Qualifications Bachelor’s degree level or equivalent qualification / work experience Minimum 1-3 years professional experience in an Operational Risk Control Testing capacity at a large financial institution or major accounting firm Audit and/or Operational Risk Control Testing experience highly preferred

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

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