Assistant Vice President - Technology Risk Control - Risk Controls Self Assessment - BFSI

AVP-Technology Risk Control-RCSA

Job Description:

Purpose of the role:

To provide independent review and challenge of the Operational Risk elements of particular risk categories across the bank. Ensuring they are carried out in accordance with Operational Risk Framework, Policies, and Standards.

Accountabilities:

- Risk identification and proactive risk management, identifying interconnected, horizon and emerging risks to assist the business in understanding, managing and mitigating the right risks in line with their business strategy and objectives.

- Analysis of operational risk data to identify trends, patterns, and emerging risks.

- Risk-based analysis of business processes, systems, and controls to assess the likelihood and impact of identified risks.

- Ongoing research and monitoring of internal and external sources to identify potential Operational Risks.

- Oversight, review and challenge of 1st Line activities including - Risk Control Self Assessments (RCSAs), Risk Events, Issues and attendance at key Risk and Control meetings (with associated reporting) ensuring they accurately reflect the business risk position.

- Stakeholder management, engaging and working effectively with First and Second Line management.

- Risk based 2nd Line input into 1st Line Projects, Initiatives and Strategic decision making.

Assistant Vice President Expectations:

- Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.

- Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.

- Take ownership for managing risk and strengthening controls in relation to the work done.

- Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.

- Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.

- Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc) to solve problems creatively and effectively.

- Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.

- Influence or convince stakeholders to achieve outcomes.

- Join us as a Risk & Control - Leader , where you'll spearhead the evolution of our digital landscape, driving innovation and excellence. You'll harness cutting-edge technology to revolutionize our digital offerings, ensuring unapparelled customer experiences.

- You may be assessed on the key critical skills relevant for success in role, such as experience with Operational risk management as well as job-specific skillsets.

- To be a successful Risk & Control - Leader, you should have experience with,

- Risk management

- Technology assurance -Risk Management

- RCSA - Risk controls self-assessment

- Controls gap assessment

Basic/ Essential Qualifications:

- Post-graduate in any discipline

- Preferred certification in Risk Management or Technology assurance

Location - Chennai