NFRM Transaction Processing Risk Type Controller, AVP

Job Description:

Job Title: NFRM Transaction Processing Risk Type Controller

Corporate Title: 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
• Monitor of Bank wide Risk Appetite Breaches on Transaction Processing
• Enhance risk monitoring dashboards and analytics of TPR metrics, to identify and predict the areas of stress and impacted units across the Bank
• Support critical Key Deliverables of the Bank from 2nd Line perspective
• Drive improvements / enhancements in the control process to uplift the risk management practices.
• 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 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.