31 Risk Management Strategies jobs in Mumbai
Business Risk & Control Analyst
Posted today
Job Viewed
Job Description
Description
About Deutsche Bank:
About the business division
What we’ll offer you
As part of our flexible scheme, here are just some of the benefits that you’ll enjoy
Your key responsibilities
The position specifically manages:
Workshop Materials that includes key themes and risk drivers, new and emerging risks, and remediation planning
Your skills and experience
Education & Experience:
Competencies:
Personal Characteristics:
How we’ll support you
Business Risk & Control - AVP
Posted today
Job Viewed
Job Description
Description
About Deutsche Bank:
About the business division
What we’ll offer you
As part of our flexible scheme, here are just some of the benefits that you’ll enjoy
Your key responsibilities
Controls Oversight and Controls Inventory-
Advisory
Your skills and experience
Education & Experience:
Competencies:
Personal Characteristics:
How we’ll support you
Business Risk & Control Analyst, AVP
Posted today
Job Viewed
Job Description
Description
About Deutsche Bank:
About the business division
Team Insights
What we’ll offer you
As part of our flexible scheme, here are just some of the benefits that you’ll enjoy
Your key responsibilities
Your skills and experience
Education & Experience:
Competencies:
Personal Characteristics:
How we’ll support you
Emea Finance Controllers- Risk & Control
Posted today
Job Viewed
Job Description
The EMEA Control Management & Governance (CMG) team is a driving factor in delivering robust and consistent design, monitoring and governance of the control framework across EMEA Finance. With responsibility for Risk and Control, Manager’s Control Assessment (MCA), Issue Management, SOX, COSO, Transformation, Trainings and Communication, CMG team enables the EMEA Finance organization to execute on Citi Finance Vision and Strategy. Our people make the difference in our success.
Job purpose:
Opportunities:
- Opportunity to widen your knowledge of the banking industry and the products traded
- Chance to build an exceptional global network of professionals, Finance, Risk and Compliance
- A socially active team and communities with diverse networking opportunities
- Long-term career path and mentoring by senior colleagues and leaders
- Competitive compensation package and benefits.
- Flexible work arrangements in an organization that acknowledges life-work balance
**Responsibilities**:
- Lead/Performing continuous monitoring of key MCA controls for EMEA Finance Controllers Assessment Units (AUs) in line with Citi MCA standards, and relevant Enterprise and Standard MCA Profiles.
- Monitor corrective action plan status for early intervention and escalation is case of emerging risk the completion of remediation.
- Execute an effective and timely review of issue validation
- Assist in the drafting of materials to be presented to report on the status and themes and trends in open issues to the BRCC and other forums
- Support Country Finance team on timely completion of Quarterly Risk Assessment (QRA) by effective communication of MCA monitoring results.
- Ensure appropriate level of communication is maintained on Internal Control matters to support the framework and ensure appropriate ownership and accountabilities from teams and managers
- Collaborate with MCA Governance, Cluster Control Lead and Sub-Cluster Controllers on MCA related activities, changes and updates to ensure Citi Risk and Control is kept current.
- Help in strengthening controls by identifying control gaps, and advising remedial actions to mitigate open risk.
- Develop and maintain strong working relationship with key stakeholders within Finance and with Internal Audit and policy owners
- Proactive and 'no surprises' approach in communicating and escalating issues by sustaining independent views
- Crossed trained to be able to perform regulatory report preparation related activities and controls in case of a COB event in Budapest Reg CSC
Qualifications and competencies:
- University/Bachelor’s degree, specialized in Finance/Accounting/Economics
- Internal audit experience is an advantage
- Financial product knowledge is an advantage
- Displays clear accountability and ownership
- Highly motivated with advanced analytical & problem-solving abilities
- Ability to interpret & implement regulatory guidelines & professional standards
- Ability to analyse a process and recommend ways to improve quality, controls, and efficiency
- Demonstrated ability to prioritize and complete tasks within tight deadlines
- Strong interpersonal skills; being able to deal with a range of senior/junior staff across multiple locations and culture
Effective negotiations skills in communicating issues and strengths in sustainin
- **Job Family Group**:
Finance
- **Job Family**:
Financial Reporting
- **Time Type**:
- Citi is an equal opportunity and affirmative action employer.
Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
View the "**EEO is the Law**" poster. View the **EEO is the Law Supplement**.
View the **EEO Policy Statement**.
View the **Pay Transparency Posting
Compliance & Operational Risk Control - Market Conduct Taxonomy
Posted today
Job Viewed
Job Description
India
Compliance, Risk
Group Functions
Job Reference #
BR
City
Mumbai
Job Type
Full Time
Your role
Are you interested in making financial markets sounder and safer? Would you like to make an impact whilst working at the forefront of the compliance and operational risk agenda of a top tier bank? Would you like to shape the next generation of processes and controls for market conduct risks?
We are looking for someone to:
Support our mandate as Subject Matter Experts (SMEs) for market conduct risks and controls
Help us update and maintain market conduct policies and guidelines
Review and assess internal data to provide insights on market conduct risk, assess external events and conduct control reviews
Support development and delivery of market conduct training (computer based modules, and in person training materials)
Your Career Comeback
We are open to applications from career returners. Find out more about our program on
Your team
You will be working in Group Compliance, Regulatory & Governance (GCRG) within our Market Conduct Taxonomy (MCT) team. Our team's mandate includes assessing market conduct risk for UBS, horizon scanning (including external events and regulatory developments), setting policy requirements, providing training and guidance for internal stakeholders, external engagement and performing second line of defense challenge and oversight focused on market conduct risks. Our remit is global and covers all UBS business divisions.
Your expertise
Prior experience in banking and financial services
Degree level education
Strong desire to learn and demonstrable intellectual curiosity
Strong problem solving/ analytical skills with great attention to detail
Proven ability to work collaboratively and deliver on time
About us
UBS is the world's largest and the only truly global wealth manager. We operate through four business divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank. Our global reach and the breadth of our expertise set us apart from our competitors.
We have a presence in all major financial centers in more than 50 countries.
Join us
At UBS, we know that it's our people, with their diverse skills, experiences and backgrounds, who drive our ongoing success. We're dedicated to our craft and passionate about putting our people first, with new challenges, a supportive team, opportunities to grow and flexible working options when possible. Our inclusive culture brings out the best in our employees, wherever they are on their career journey. We also recognize that great work is never done alone. That's why collaboration is at the heart of everything we do. Because together, we're more than ourselves.
We're committed to disability inclusion and if you need reasonable accommodation/adjustments throughout our recruitment process, you can always contact us.
Disclaimer / Policy statements
UBS is an Equal Opportunity Employer. We respect and seek to empower each individual and support the diverse cultures, perspectives, skills and experiences within our workforce.
Third Party Operational Risk & Control- Assistant Vice President
Posted 5 days ago
Job Viewed
Job Description
Third Party Risk Oversight (TPRO) is part of the USPB COO organization, which supports Citi Enterprise by creating and implementing methodologies, including process & procedures, to measure, monitor and escalate Third Party related key operational and other risks. USPB Third party Risk Oversight is a First Line of Defense Control function that aids in the assessment of risk evaluation for Consumer Banking and Global Wealth LOBs. The Third-Party Risk oversight function is responsible to identify, assess, evaluate, monitor, and report the key operational risks for governing the risks associated with Citi's use of and reliance upon third parties.
The individual in this role will report to the Senior Vice President of Third-Party Risk Oversight team in India and will specifically focus on 'gap validation' type efforts that enhance the firm's ability to proactively measure and manage Third Party Operational Risks. This role requires an individual with a legal acumen, with strong understanding of Contract construct/ elements & MCA/ GRC framework, with a strong desire to work in a fast pace, dynamic function.
**Key Responsibilities include:**
+ Perform QA validation for contractual obligations (requirements) mapping of high-risk tier contracts and material change contracts for relationships within TPRO oversight. Working with TPRO Management, perform monthly identification of applicable universe and provide status reporting across all levels of the applicable work stream
+ Possess good understanding of MCA/ GRC framework and knowledge of PRCM, GPMP structure & monitoring is preferred.
+ Have sound understanding of contract constructs and able to identify & evaluate the key obligations (requirements) from contracts/ agreements for Third Parties and SLA tracking. Additionally, understand the relation of controls relevant for the obligations (requirements) identified
+ Have analytical & legal mindset to perform gap analysis and validation exercise of key contractual obligations (requirements) for completed templates (received from Business Activity Owners) against key obligations (requirements) identified from agreements for relationships (Master Service Agreement, Statement of Work, Work orders, addendums, data sharing agreements, etc.) to ensure the requirements and associated controls are accurately, correctly, and comprehensively covered in the submitted template.
+ Proactively work with Business Activity Owner (BAO) and related parties, as needed, to ensure that completed templates are received as per standard procedures (SOPs), Obligations (requirements) and associated controls are cited in the template and perform follow-ups, as needed, to ensure timelines of gap validation exercise.
+ Actively partner with Business Control Heads (BCHs) and their teams to ensure controls are mapped for the contractual obligations.
+ Act as a lead to evaluate, document, and escalate potential gaps/ findings arising from gap validation exercise and ensure those gaps/ findings are covered & acted upon as part of Corrective action plan (CAP) and remediation efforts, when applicable.
+ Partner with other key stakeholders to monitor material changes in contract terms, language, and obligations (requirements) to ensure that gap validation exercise is performed against the latest contractual obligations (requirements) as may be required
+ Champion the application and testing of system integration, transitions, enhancements, and governance processes to create lasting solutions that minimize losses from failed internal processes, inadequate controls, and emerging risks across TPRO, associated systems and overseen relationships.
+ Develop and maintain Management Information Systems (MIS) and dashboard reporting to provide senior management with regular insights, including gap validation resulting from the overall TPRO monitoring program, ensuring consolidated results and effective control monitoring specific to budget adherence for TPORT development resources.
+ Participate in the development of Artificial Intelligence (AI) tools for use within TPRO and by business partners to map contract obligations (requirements) and controls applicable to obligations (requirements). Aid in the development of training materials for AI enhancements developed. Support Third Party Risk Oversight Onsite/ Remote Review & analyst related activities, as required.
+ Perform any other activities needed to support the needs of TPRO and / or Citi as may be needed by Management.
**Additional Responsibilities Include:**
+ As appropriate, interact with larger TPO community, BAOs, BCHs and/or ESC category leads for sharing of best practices and coordination of services.
+ Draft and present succinct executive briefs; prepare and present high-level metrics to applicable Citi senior management and stakeholders when needed.
+ Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.
+ Validate remediation of issues or gaps identified as part of ongoing monitoring.
+ Perform quality validation check, implement lessons learned framework (taking into consideration observations, recommendations, peer review findings, CAPs etc.) for Onsite reviews (Onshore + Offshore) to further strengthen TPRO overall review process.
**Job Skills/Qualifications:**
+ 8+ years of relevant experience in Legal, Contract Risk management, Third Party risk management and/or regulatory compliance in one or more of the following risk disciplines: Contractual risk, operational risk, supplier risk, or audit and controls. Broad knowledge of other risk areas, with strong understanding of supplier or third-party risk impact in a financial services company is a plus.
+ Demonstrates knowledge of in-scope business and product areas.
+ Excellent communication skills in English, both oral and written, with the ability to articulate complex and sensitive issues to management. Local language requirements as applicable.
+ Ability to organize and prioritize multiple deliverables while working with minimal supervision in a large, global corporate environment.
Education: Minimum bachelor's degree and/or commensurate Experience, CA/CS/LLB/ LLM degree would be preferred.
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**Job Family Group:**
Risk Management
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**Job Family:**
Operational Risk
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**Time Type:**
Full time
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**Most Relevant Skills**
Analytical Thinking, Constructive Debate, Controls Design, Escalation Management, Issue Management, Operational Risk, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment.
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**Other Relevant Skills**
For complementary skills, please see above and/or contact the recruiter.
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_Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law._
_If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review_ _Accessibility at Citi ( _._
_View Citi's_ _EEO Policy Statement ( _and the_ _Know Your Rights ( _poster._
Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.
Third Party Operational Risk & Control- Assistant Vice President
Posted today
Job Viewed
Job Description
Description
:Third Party Risk Oversight (TPRO) is part of the USPB COO organization, which supports Citi Enterprise by creating and implementing methodologies, including process & procedures, to measure, monitor and escalate Third Party related key operational and other risks. USPB Third party Risk Oversight is a First Line of Defense Control function that aids in the assessment of risk evaluation for Consumer Banking and Global Wealth LOBs. The Third-Party Risk oversight function is responsible to identify, assess, evaluate, monitor, and report the key operational risks for governing the risks associated with Citi’s use of and reliance upon third parties.
The individual in this role will report to the Senior Vice President of Third-Party Risk Oversight team in India and will specifically focus on ‘gap validation’ type efforts that enhance the firm’s ability to proactively measure and manage Third Party Operational Risks. This role requires an individual with a legal acumen, with strong understanding of Contract construct/ elements & MCA/ GRC framework, with a strong desire to work in a fast pace, dynamic function.
Key Responsibilities include:
Additional Responsibilities Include:
Job Skills/Qualifications:
Education: Minimum bachelor’s degree and/or commensurate Experience, CA/CS/LLB/ LLM degree would be preferred.
---
Job Family Group:
Risk Management---
Job Family:
Operational Risk---
Time Type:
Full time---
Most Relevant Skills
Analytical Thinking, Constructive Debate, Controls Design, Escalation Management, Issue Management, Operational Risk, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment.---
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.---
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FIC Risk and Control Assessment
Posted today
Job Viewed
Job Description
About The Role :
Job Title:
FIC Risk and Control Assessment (RCA)
LocationMumbai, India
Corporate TitleAVP
Role Description
The Business Control Unit (BCU) is a 1st Line of Defence (1st LoD) function within the front office created during the implementation of the Three Line of Defence (3LoD) programme. Its primary objective is to support the front office in executing Non-Financial Risk framework for its business line.
The primary responsibility of the candidate within the BCU would be to support the Risk and Control Assessment (RCA) process. The RCA is a key component of the Banks Non-Financial Risk (NFR) Framework to enable the effective profiling, monitoring, and management of Divisional NFR. The responsibilities would also include control testing, incident research, remediation and other ad hoc control initiatives and projects. Working closely with teams in and out of the division to understand risks impacting the group on a dynamic basis.
About The Role
The BCU team is principally responsible for:
- Identification and mitigation of non-financial risks (regulatory, conduct and systemic)
- Supporting the operations of an efficient supervisory and conduct framework.
- Ensuring the governance and remediation of a business audit portfolio
- Driving Change the Bank initiatives to support the control framework.
In addition to working closely with the business heads, the groups reach and interaction is broad, including engagement with the Corporate Relationship Management (Coverage) Divisional Control Officer (DCO) and those functions forming the 2nd and 3rd LoD, for example Compliance, Anti Financial Crime (AFC), Non-Financial Risk Management (NFRM), Legal, Group Audit and others. This role will be to support the Global BCU function in various capacities.
What well offer you
As part of our flexible scheme, here are just some of the benefits that youll 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 Candidate within the team would be primarily responsible for RCA and would be required to-
- Collate and analyse contextual data and relevant data triggers (including read across from other assessments) to inform an accurate and up to date view of the Risk Profile as well as Emerging Risks.
- Update the Inherent Risk, Control Suite & Residual Risk rating and supporting rationale, liaising with Risk Types SMEs in their business.
- Consider the combined effectiveness of individual Key Controls, leveraging available Control Guardrail information, individual Control certification & assessment from Control Owners, and individual Control Assurance results for Control Suite ratings.
- Coordinating and incorporating Anti-Financial Crime and Compliance risk assessments within the business Risk Profile
- Coordinating and participating in quarterly US/ annual global RCA workshop to ensure Risks are discussed and mitigation decisions are documented in the RCA tool.
- Creating monthly RCA snapshot in the tool as a point-in-time Risk Profile for the division and coordinating capture of unresolved 2nd LoD challenges and obtain sign off from Risk Assessor.
Candidate would also be responsible for-
- Support Non-Financial Risk Councils (NFRCs).
- Support validation of DMA (Designated Market Activities) perimeter.
- Ensuring control inventory for Coverage is kept up to date.
- Support all aspects of Front Office Operational Risk Framework from an RCA perspective.
- Provide support for audit reviews and compliance testing.
- Creation and delivery of senior management reporting to support decision making.
- Provide analytical support to the BCU team and senior management decision making.
- Manage ad-hoc tasks as and when required.
Your skills and experience
- MBA in Finance from a premier institution with relevant experience
- Work experience in banking domain working on regulatory projects/ operational risk management.
- Strong interpersonal and excellent verbal and written communication skills. Experience in conducting and driving meetings with senior stakeholders.
- Able to work as part of a global team.
- Experience in managing the RCA process would be preferable.
- Strong computer skills, particularly in dealing with high volume of data, management of databases and Excel.
- Advanced exposure PowerPoint is must.
- Strong analytical skills and ability to formulate clearly and present information in a compelling manner.
- Confident to question the status quo business practice / existing control framework.
Divisional Risk and Control Specialist
Posted today
Job Viewed
Job Description
Job ID: R
Full/Part-Time: Full-time
Regular/Temporary: Regular
Listed:
Location: Mumbai
Position OverviewJob Title: Divisional Risk and Control Specialist - AVP
Location: Mumbai, India
Role Description
The Divisional Control Office (DCO) / Business Control Unit (BCU) is a 1st Line of Defence (1st LoD) function within the front office created during the implementation of the Three Line of Defence (3LoD) programme. The DCO/BCU teams drive strategic improvements in risk management and strengthen governance, while operationally supporting the front office in executing the Non-Financial Risk framework.
Job Details:
The team is principally responsible for:
- Identification and mitigation of non-financial risks (regulatory, conduct and systemic)
- Supporting the operations of an efficient supervisory and conduct framework.
- Ensuring the governance of a business' audit portfolio
- Driving "Change the Bank" initiatives to support the control framework.
In addition to working closely with the business heads, the group's reach and interaction is broad, including engagement with the functions forming the 2nd and 3rd LoD, for example Compliance, Anti Financial Crime (AFC), Non-Financial Risk Management (NFRM), Legal, Group Audit and others. This role will be to support the Global DCO / BCU function in various capacities.
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
Key control inventory management
- Review and validate the completeness and accuracy of control inventory records in dbGRC as per KCOF standards.
- Ensure proper classification and ownership of controls prior to certification and approval.
- Track the status of control certifications and Risk Owner attestations, escalating gaps to relevant stakeholders for timely closure.
- Validate remediation actions for non-certified controls before closure.
- Support documentation reviews, including process flows, risk statements, and control descriptions.
- Lead KCCF meetings to ensure a productive and efficient discussion.
- Work closely with the Business Controls team, Non-Financial Risk Management team, and Front Office for the development of an assurance/testing plan for the division.
- Perform independent assurance/testing over Front Office (FO) and other key control processes.
- Provide feedback on proposed control designs to ensure adequacy and sustainability.
- Support scenario analysis workshops and emerging risk forums to test the resilience of controls.
- Prepare assurance reporting and dashboards for management and governance forums.
- Partner with Business Controls, Non-Financial Risk Management, and other stakeholders to strengthen the control environment.
- Check and challenge updates made to the key control inventory.
The Divisional Risk and Control Specialist would also be responsible for:
- Creation and delivery of senior management reporting to support decision making.
- Lead change initiatives e.g. planning, coordinating with various teams, tracking progress, and escalating where necessary.
- Running Non-Financial Risk Councils (NFRCs)
- Ensure Key Operating Policies & Procedures are fully documented and up to date.
- Perform and monitor level 1 controls and ensuring control inventory for Coverage is kept up to date.
- Initiate level 1 controls enhancement and automation
- Manage all aspects of Front Office Operational risk including operational and financial integrity issues, Self-Identified Issues, Audit Findings
- Provide support for audit reviews and compliance testing.
- Monitor the risk remediation/implementation on key issues.
- Provide analytical support to the BCU team and senior management decision making.
- Manage ad-hoc tasks as and when required.
Your skills and experience
- MBA in Finance from a premier institution with relevant experience
- Work experience in banking domain working on regulatory projects/ operational risk management.
- Strong project management skills and a proactive team partner
- Strong interpersonal and excellent verbal and written communication skills. Experience in conducting and driving meetings with senior stakeholders.
- Strong computer skills, particularly in dealing with high volume of data, management of databases and Excel. Advanced exposure to Word and PowerPoint is must.
- Strong analytical skills and ability to formulate clearly and present information in a compelling manner.
- Confident to question the status quo business practice / existing control framework.
- Strong understanding of the control design principles and Non-Financial Risk framework preferred.
- Familiarity with DB organization a plus, but not mandatory
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:
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.
Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.
We welcome applications from all people and promote a positive, fair and inclusive work environment.