Director - Risk & Control - Investment Bank

Urgent opening for Director-Risk/Control- Investment Bank client

Location: Pune

Diversity is preferred

Risk:

- Consults on the establishment of the enterprise-wide Operational Risk Management framework, the Company Risk Appetite Statement and the Corporate Operational Risk Management (CORM) policies and procedures. Contributes to the establishment of the assigned business line or legal entity's risk appetite statements and ensures alignment with the Company Risk Appetite Statement.

- Assists the assigned business line or legal entity with the identification, assessment, and mitigation of risks and helps to identify and implement controls to manage emerging issues. Monitors compliance and assigns routine monitoring responsibilities through less experienced managers. Develops routine reports as required and delivers these to management, CORM and the Operational Risk Committee (ORC).

- Works with the Business Sponsor to identify and document risks and mitigants around accepting new business and to gain implementation approval from the appropriate stakeholders and governance body. Reviews and approves the business or legal entity's process for accepting new business, preparing and maintaining standard documents and RFP databases and the process for monitoring adherence to policies and procedures.

Control:

- Through subordinate managers, oversees multiple large teams responsible for complex responsibilities in identifying, analyzing, monitoring and minimizing business risks. Oversees the development and implementation of control standards in various global locations based on local regulatory requirements Directs and oversees teams that are responsible for control testing and reporting on control standards. Architects training on policies and procedures concerning controls and risk management-

- Monitors results on key risks, errors/near misses, reconciliations and root cause analyses as reported by subordinate managers. Analyzes and determines appropriate level management intervention. Establishes policies and procedures for the deployment of control activities throughout the businesses. Develops the testing protocols required to ensure policies, procedures, and controls are adequate and effectively implemented to curb risks. Ensures team objectives are aligned to functional objectives.

- Works with global operations control office and operational groups to ensure consistent reporting structures are in place in order to coordinate the escalation of issues up to management if required. Projects have a strategic focus and involve collaboration with functional leadership. Engage with local stakeholders in the APAC region to understand risks and issues faced by the Operational areas and determine materiality. 

- Accountable to provide support to local Executive Management across the APAC region in relation to all aspects of the control environment and risk framework. Engage with Senior Control Managers responsible for the functional operational areas globally to understand and take into consideration local aspects of the control environment, when executing risk & control practices (i.e. RCSA, Control Testing, etc.). 

- Provide clear articulation of the risk and control landscape of APAC Operations into the diverse risk & control local or global scorecards/governance forums. Uses in-depth knowledge of market trends to determine potential risks to the organization. Manages analysis and draws conclusions in order to recommend and direct any resulting change needed to mitigate risk.