Operational Risk Senior Specialist, AVP

Position Overview

In Scope of Position based Promotions (INTERNAL only)

Job Title-Operational Risk Senior Specialist, AVP

Location- Mumbai, India

Role Description

The purpose of the Non-Financial Risk Management (NFRM) function is to ensure that the banks Non-Financial Risk exposure is adequately managed in-line with the group wide risk appetite and NFRM 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 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 business aligned NFR manager has within NFRM is to work with a specific business area and manage NFR according to the 3 Lines of Defence 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 NFRM Regional Operational Risk Manager will be expected to effectively perform 2 Line of Defence responsibilities to include the independent advice, monitoring and assessment activities on a risk-basis.

Key responsibilities include:

• Monitoring developments within Non-Financial Risk Portfolio at a business level (eg loss themes, Risk Metrics, Findings/SIIs and other contextual information) for all operating business within the respective region.
• Assist in the preparation of decision-preparing material for the effective 2nd Line of Defence monitoring and challenge of operational risk management across business divisions and infrastructure functions
• Ensure that effective and demonstrable challenge to the risk owners occurs, and where required:
  • Support clear, demonstrable and risk-based challenge
  • Measure evidence of effective challenge and resolution
• Maintain knowledge of industry trends and standards, risk management practices, legal and regulatory changes
• Act as primary point of contact for Regulatory inspections on NFR matters for country or region covered.
• Contribute to projects / task forces / working groups relating to the Non-Financial Risk Framework or identified NFR risk issues or operational risk incidents
• Support the management of the stakeholder relationships in the covered Countries and Businesses.
• Monitor control environment in allocated Countries and Businesses and pro-actively manage deficiencies including timely escalation to management (i.e. SII/GFMS issues OR event data quality and risk remediation).
• Escalate material operational risk events and risk appetite breaches.
• Perform effective challenge process on Risk identification and Assessment activities e.g. Review lessons learned, Read Across, New Product Approvals and Risk Acceptances
• Promote the Risk culture and visibility of NFRM via training and participation in NFR governance forums.
• Keep abreast and perform effective communication of changes in relevant NFR frameworks, tools, laws etc. and understand their implications for covered businesses.

Your skills and experience

• Qualification requirement of Chartered Accountant (CA), Master of Business Administration (MBA), Certification on Risk Management or equivalent
• 5-8 years experience in a similar role within financial services
• 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 Lines of Defence model
• Worked with Senior Stakeholders within a high pressure dynamic environment
• Appreciation of the regulatory environment in the business and more broadly the regulator perspectives on non-financial risk

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 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.