AVP - Central Control - Bank

AVP - Central Control (Asst. VP) @ Leading MNC BANK in Mumbai

- The role will be responsible for effective risk management strategies and ensuring internal control frameworks are in place mitigating business, operational, conduct and regulatory risk, for embedding risk culture and management process, including vendor risk management. The role of BRCM is to ensure all key risks within their activities and operations are identified, mitigated and monitored by an appropriate control environment that is commensurate with risk appetite. We achieve this through a number of tools and processes.

- Responsible for effective risk management strategies and ensuring internal control frameworks are in place mitigating business, operational, conduct and regulatory risk, for embedding risk culture and management process, including vendor risk management.

- Basis the Internal Control Monitoring Plan (ICMP), assess the control effectiveness on all the key processes around critical risks identified.

- Coordinate and assist ORIC in case they decide to re perform the tests as part of their oversight

- Support the Cluster Lead in regularly testing the controls around critical risks identified in the RCA process.

- Work closely with Branches to test various controls implemented across all branch functions and to identify any failures in the existing key controls.

- Recording evidence for all the testing carried out & helping the frontline with a plan to tackle areas of concern

- Create Test scripts for all the tests performed and support Cluster Lead with reporting in ORION on control gaps or deficiencies identified during the IC Testing.

- Conduct root cause analysis of the Issues pertaining to the Region or of an identified processes

- Guide the Branch Network where ever controls are found ineffective, in putting up a remediation plan to be actioned by the concerned branch (es) and monitor remediation.

- Ensure all remediation suggested are implemented effectively and test the same on a regular basis.

- Suggest high risk areas where additional tests are to be performed, and help BRCM Leadership to decide on the scope of thematic reviews to cover these risks.

- Ensure sound processes are in place to minimize operational risk in the Retail Banking business and form adequate control in the - First Line of Defense- .

- Ensuring strict adherence to Audit, compliance & Group Policies

- Conduct Thematic reviews across branches when triggered due to external audit, regulatory change, and increase in complaints or increase in frauds observed.

- Conduct management/specialist reviews as required by various stakeholders.

- Manage governance/prioritization of requirements.

- Any other job Assigned by the Line Manager