Job Title: Senior Risk Manager
Corporate Title: Vice President
Location: Bangalore, India
Role Description
- As a Vice President – Senior Risk Manager, the role holder will act as a key contributor to the Model Risk and AI Risk Governance workstream.
- Supporting the delivery of the team’s strategic and regulatory objectives.
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
- Identification and classification of models and AI use cases across business processes, including the assessment and assignment of inherent risk ratings in accordance with established governance standards.
- Contribute to the enhancement of DWS model risk appetite and model risk management framework definition.
- Support the development, implementation and continuous enhancement of DWS AI risk appetite and AI governance framework.
- Engage model and AI use-case owners/users/developers for the collation and ongoing maintenance of the DWS Model and AI Inventory, including the execution of periodic attestation exercises.
- Implement and oversee model risk and AI governance processes, including risk assessments, monitoring activities, and reporting to relevant governance committees and oversight forums.
- Engage with regulators and internal/external audit on model risk and AI risk management topics.
- Coordinate the preparation, consolidation, and distribution of materials for model and AI governance forums, ensuring high-quality reporting for senior stakeholders.
- Partner with Technology and business stakeholders to design, implement, and enhance the firm's strategic AI inventory and governance workflow solutions.
- Collaborate with Model Validation teams to establish validation priorities across in-house and third-party/vendor models, considering regulatory requirements, internal policies, and evolving industry standards.
- Support the management of the model approval process, administration for initial use approval, subsequent approvals and model change oversight
- Review model validation reports, findings, and recommendations, while monitoring remediation progress and providing management reporting on outstanding issues and actions.
- Support governance and workflow activities associated with the review, approval, and oversight of AI use cases prior to production deployment and throughout their lifecycle.
Your skills and experience
- Demonstrated expertise in Model Governance, AI Governance, and Model Risk Management within complex and highly regulated environments.
- Deep understanding of Model Risk and AI Risk regulatory expectations, supervisory guidance, and industry-leading practices.
- Extensive experience in developing and maintaining policies, procedures, governance frameworks, management information reporting for senior executives and oversight committees.
- Outstanding stakeholder management and interpersonal skills, with a proven ability to build trusted relationships and collaborate effectively across functions, geographies, and levels of seniority.
- Recognized as a strategic and trusted advisor, with a strong track record of leading transformational initiatives, driving organizational change, and fostering sustainable adoption of new processes, frameworks, and technologies.
- Master’s degree in Finance, Economics, Business Administration, Risk Management, Accounting, Mathematics and related discipline, or equivalent professional experience within a financial services, risk management, or regulatory environment.
Proven ability to leverage AI tools to enhance productivity, optimise workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs.
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.html
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
- Experience in business ownership or product ownership for risk, control, or governance systems in financial services
- Strong experience leading system integration, migration, or platform implementation in a regulated environment
- Strong change management capabilities related to system development and associated frameworks
- Ability to translate risk process requirements into deliverable changes with technology teams
- Structured execution, stakeholder management, and communication skills across global, matrixed teams
- Excellent English language skills
- Experience with risk and controls tooling
- Ability to leverage AI tools productively while applying critical judgment for responsible and ethical use of data and AI outputs
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.
