Risk Management - Control Management - Vice President // Mumbai
  • Mumbai, Mahrashtra, IN
  • +914043515100
142 Days ago
Job Description
Title: Risk Management - Control Management - Vice President
Location: Mumbai / Bangalore
 
Job Description:
 
  • Control Management (CM) maintains a strong and consistent control environment across the firm. With Control Managers appointed for each Line of Business, Function and Region, there is a comprehensive coverage and joint accountability model with the business executive that promotes early operational risk identification and assessment, effective design and evaluation of controls and sustainable solutions to mitigate operational risk.
  • CM focuses on four areas:  Risk Identification & Assessment, Control Design & Evaluation, Issues & Control Deficiencies and Control Governance & Reporting.
  • Firmwide Risk Control Management partners with all other control disciplines, adding an additional line of defense supporting Compliance, Risk and Audit, among others. The team works in partnership on the development of new, and oversight of existing, control functions and protocols throughout the firm and provides a centralized view of and from all control functions, assisting in immediate, real-time problem detection and escalation. This process enables the team to engage the appropriate teams in a timely manner and quickly remediate critical control issues across all the impacted areas of the firm.
  • The below describes the duties performed by an individual working on this team, specifically supporting the Risk function in Wholesale Credit Solutions Group.
  • Role Responsibilities: Dynamic role in Firmwide Risk Control Management to assist and lead management of internal committees / governance forums and related metrics reporting; regulatory-related initiatives; Model/Qualitative Model oversight and reporting; and key Control programs. More specifically, responsibilities include:
  • In partnership with stakeholders, evaluate and perform an end-to-end analysis of the business’ operational risk and control environment to identify significant gaps and weaknesses and determine root cause of control deficiencies
  • Help ensure that controls are properly designed, operating effectively, and essential to a proactive risk and control culture that leverages proven evaluation strategies and sound change management protocols
  • Perform ongoing analysis of program related data (e.g., KRI/KPI) and develop ad-hoc reports as requested to support business-related programs and strategies
  • Assist with development of Control and Operational Risk Evaluation (CORE) documentation through participation in end-to-end process walkthroughs and deep dives with assigned business units
  • Provide control-related subject matter expertise for relevant projects driven inside and outside of the Control Management organization
  • Design, enhance, produce and maintain reporting processes for reoccurring deliverables on a regular basis
  • Support in the coordination of control updates to internal management committees, including preparation of materials and development of executive-level content and commentary
  • Identify, analyze and challenge meaningful metrics to inform on the health of the operational risk and control environment for sensitive reports shared with senior management, control committees and forums, the Board and external regulators
  • Assist in issue management workflow end-to-end, including root cause analysis, action plan development and issue validation; provide ongoing assessment and tracking of Risk-owned issues and action plans
  • Control Management subject matter expertise and primary point of contact for the Risk stakeholders we support 
  • Maintenance and monitoring of data in Control Management systems, databases, SharePoint sites and shared drives
  • Develop and deliver training sessions / programs as needed
  • Ad-hoc control management and risk related projects and initiative
Qualifications:
  • Bachelor’s degree or equivalent experience required
  • 5-7 years of experience in financial services industry with background in controls, audit, quality assurance, operational risk management, or compliance preferred; or equivalent subject matter expertise in a relevant business related function/operation
  • Proficient in Microsoft Office Suite (Word, Excel, PowerPoint, Visio) required and data analytics preferred using Excel, Access
Skills:
  • Business knowledge – ability to understand the business / knowledge of regulation surrounding business
  • Communication/presentation – excellent written and verbal communication skills with an ability to influence business leaders in a meaningful and actionable manner
  • Networking – strong interpersonal skills; strong collaboration and relationship building skills
  • Work autonomously to affect change – flexible, adaptable to shifting priorities; manages competing priorities to achieve the most effective result and able to work in a fast-paced, results driven environment
  • Experience working on multiple, complex projects with a sense of urgency that drives decision making; manages competing priorities to achieve effective results
  • Decision Making/Judgement – moderate level of independent decision making using sound judgement
  • Problem solving / Analytical skills – attention to detail; solid critical thinking and analytical skills; able to synthesize large amounts of data and formulate appropriate conclusions
  • Understanding root cause / identifying control deficiencies
  • Developing timely and sustainable solutions
  • Analyze metrics for emerging risk
  • Strategic thinking  
  • Question and argue logically; gather, assess and interpret relevant information in a diligent manner; challenge assumptions and explore alternatives
  • Implementation skills
  • Writing Action Plans, Procedures
  • Change Management
Industry
  • NA

Required Skills
  • compliance,Reporting,Risk Management,audit,Control Management,Governance,ad-hoc reports

Experience
  • NA

Salary
  • NA

Working Hours / Week
    NA