Job Title- Senior Risk Manager - NFRM Adherence, VP
Location- Mumbai
Role 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 setup and lead the DWS NFRM Quality Assurance team based in India reporting to a London based director. As a subject matter expert designing and performing NFRM Quality Assurance activities, you will be responsible for creating and managing processes to assess and track (remediation of) NFRM framework adherence. 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
- Manage a senior team of 3 AVPs (functional and legal manager)
- Develop a strong understanding of the NFRM framework and provide feedback on ongoing changes - to support effective / efficient Non-financial Risk Management
- Create a robust Quality Assurance process across the NFRM Framework (incl. controls), to support the effective monitoring / reporting of DWS Non-financial Risk Appetite
- Manage Quality Assurance processes across all elements of the NFRM Framework and controls (including substantive testing)
- Manage relationship with / challenge DWS and DB stakeholders across 1st and 2nd LoD on ongoing Quality Assurance activities, and remediation
- Create and manage the process to provide ongoing management reporting of Quality Assurance results and planned activity
- Engage with ongoing NFRM Framework programs and senior stakeholders to ensure Quality Assurance activities are effectively embedded
Your skills and experience
- University degree (Economics, Finance, Maths, Natural Sciences, or equivalent)
- Experience of setting up and managing Quality Assurance teams (5+ years) in financial services or in audit, is a prerequisite
- Experience (10+ years) in risk management in the finance industry, consulting, audit, and regulatory frameworks (e.g MaRisk)
- Relevant professional certifications are a plus (Risk Management Certificates, Auditor, etc.)
- Knowledge of Asset Management is a plus
- Proficiency in MS PowerPoint, Excel, and Word
- Excellent communication and presentation skills
- 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:
https://www.db.com/company/company.htm
We at DWS are committed to creating a diverse and inclusive workplace, one that embraces dialogue and diverse views, and treats everyone fairly to drive a high-performance culture. The value we create for our clients and investors is based on our ability to bring together various perspectives from all over the world and from different backgrounds. It is our experience that teams perform better and deliver improved outcomes when they are able to incorporate a wide range of perspectives. We call this #ConnectingTheDots.
Skills Required
- University degree in Economics, Finance, Maths, Natural Sciences, or equivalent
- Experience setting up and managing Quality Assurance teams (5+ years) in financial services or audit
- Experience (10+ years) in risk management in finance, consulting, audit, or regulatory frameworks (e.g., MaRisk)
- Proficiency in Microsoft PowerPoint, Excel, and Word
- Experience managing senior teams or direct reports (e.g., managing AVPs)
- Excellent communication and presentation skills
- Strong English written and verbal communication skills
- Ability to take initiative and constructively challenge the status quo
- Strong team player and collaborative mindset
- Relevant professional certifications (Risk Management, Auditor, etc.)
- Knowledge of Asset Management
What We Do
DWS Group (DWS) with EUR 933bn of assets under management (as of 30 June 2024) aspires to be one of the world's leading asset managers. Building on more than 60 years of experience, it has a reputation for excellence in Germany, Europe, the Americas and Asia. DWS is recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines. We offer individuals and institutions access to our strong investment capabilities across all major liquid and illiquid asset classes as well as solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management – as well as our deep environmental, social and governance focus – complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, giving strategic guidance to our investment approach. DWS wants to innovate and shape the future of investing. We understand that, both as a corporate as well as a trusted advisor to our clients, we have a crucial role in helping to navigate the transition to a more sustainable future. With approximately 4,500 employees in offices all over the world, we are local while being one global team. We are committed to acting on behalf of our clients and investing with their best interests at heart so that they can reach their financial goals, no matter what the future holds. With our entrepreneurial, collaborative spirit, we work every day to deliver outstanding investment results, in both good and challenging times to build the best foundation for our clients’ financial future.
