NFRM Third Party Risk, AVP

Job Description:

Job Title: NFRM Third Party Risk

Location: Mumbai, India

Corporate Title: AVP

Role Description

As a result of the incumbent role holder progressing their career internally, we are looking for a new colleague to help us oversee Third Party Risk in the 2LoD. The team own the Third Party Risk Management Policy, Procedure, Minimum Control Standards and Risk Appetite Statements. Relationships, governance and other tools are used to provide oversight across compliance, remediation plans and a portfolio of enhancements across 1LoD including  tools and processes.

The role holder would be able to work independently, as part of a supportive team, and will be responsible for:

• Providing oversight across 1LoD registers and regulatory notifications, with the objective of ensuring that deliverables are sustainable and meeting regulatory expectations.
• Providing oversight across adherence to nuanced local regulatory requirements.
• Managing a project to map regulatory citations to Minimum Control Standards and ensure that any gaps are effectively identified, managed, and addressed.
• Reporting the status of the above in various governance fora, effectively responding to and addressing constructive challenge.
• Working with colleagues to ensure continuity of support from the Mumbai team.

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 organisation with business, region, and functional specialist axes. The role a Non-Financial Risk manager has within NFRM, is to work with a specific business area and manage the operational risk according to the 3 LoD model and the NFR mandate. Specifically, they perform independent oversight of the implementation of the Group's NFRM Framework within the Business Divisions and Infrastructure Functions and independently assess material risks and/or key controls (as required), providing challenge, approval, or veto as appropriate.

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

The role holder will

• be passionate about risk, naturally inquisitive and comfortable with ambiguity.
• be able to communicate clearly and effectively across broad range of colleagues.
• be able to demonstrate experience of identifying relationships, risks and opportunity across significant volumes of information.
• understand the regulatory environment including the EBA Guidelines on outsourcing arrangements and the Digital Operational Resiliency Act (DORA).
• have had hands on experience in complex global environments or in a large regulated domestic organization.

Your skills and experience

• Extensive experience with a minimum of 9 years in business, finance, 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 third party risk
• A robust understanding of Operational Risk / Non-Financial Risk Management principles and practices
• Demonstrable experience of developing strong working relationships with business areas to facilitate successful risk management within the 3 LoD model
• Experience of working with senior stakeholders within a high-pressure dynamic environment and be willing to challenge as required.
• Understanding of the regulatory environment in the business and more broadly the regulator perspectives on non-financial risk
• Demonstrated ability to convey complex ideas clearly and effectively both verbally and in writing to diverse audiences, including stakeholders, teams and senior management

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:

https://www.db.com/company/company.htm

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.