Operational Risk Framework Design - Assistant Vice President

In Scope of Position based Promotions (INTERNAL only)

Job Title: Operational Risk Framework Design - Assistant Vice President

Location: Mumbai, India

Role Description

• This position is within Operational Risk Management (ORM) within the 2nd Line of Defence (LoD). ORM is the Risk Type Head (RTH) function for Operational Risk (OR) and owns the overarching Operational Risk Management Framework (ORMF).

• The ORM Framework Design Team defines and designs the Framework to appropriately identify, assess, mitigate, monitor, report and escalate operational risks.

• This role is responsible for supporting the framework lifecycle; by designing the framework and developing and implementing system-based solutions to support the framework’s execution.

• The successful candidate will be expected to work closely with global ORM colleagues and stakeholders across the three lines of defence.

• The team looks at various framework components, the key ones being – Event Management, Scenario Analysis, Risk and Control Self-Assessment (RCSA), Transformation Risk Assessment, Controls Framework, Findings Management, Risk Appetite and Metrics.

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

• Development and oversight of framework procedural documents
• Preparation of guidance and training material to improve the understanding and embeddedness of the framework across the bank.
• Consider feedback from various stakeholders (e.g., Business, Regulators, Audit) to develop and design framework requirements
• Perform impact analysis of potential design changes and liaising with key stakeholders to socialise changes
• Support the development of solutions and identify business requirements to connect data, processes and reporting across multiple ORM systems
• Support the overall agenda of ORM Framework and its related activities by increasing the cross-component knowledge, ensuring generalised understanding of all framework components, and the impact of the framework on the bank’s risk management activities
• Work closely with team members to support cross framework component collaboration and integration
• Support on enquiries from auditors and regulators
• Manage and mentor junior team members, addressing functional and interpersonal aspects
• Regular attendance at scheduled meetings and conferences, e.g., presentations of work results to senior decision-makers/working groups, partly also processing of meetings and telephone conferences (agendas, keeping the minutes)
• Support with urgent activities at short notice
• Exchange of specialist information with colleagues, e.g., by means of presentations / micro-trainings
• Other activities include regular governance and connect with relevant stakeholders etc.

Your skills and experience

Education and Experience:

• Master’s degree (or equivalent) in banking, finance, economics, or business administration is desirable.
• More than seven years of relevant professional work experience
• Experience with any Framework component (designing and / or implementation) is desirable
• Professional experience in Operational Risk Management, Internal audit would be an advantage
• Working with teams spanning multiple geographical locations
• Preparation of presentations for senior management
• Business analysis and/or project management would be an advantage
• Managing various stakeholders, deadlines and adhering to regulatory/audit requirements would be an advantage

Competencies:

• Willingness to learn and acquire deep subject-matter / technical expertise
• Ability to prepare, participate/lead and document discussions & build relationships with multiple stakeholders.
• Ability to engage, present and understand the requirements of senior management.
• Very good eye for detail, numerically literate and accurate with numbers
• Ability to work as part of an international team, but also self-reliant
• Ability to guide and develop junior team members by providing functional and professional support
• Excellent verbal and written communication skills in English along with project management
• Very good knowledge in MS Office (Excel, Word, Access, PowerPoint)

Personal characteristics:

• Team orientated and motivated
• Flexible to work on different tasks and projects
• Able to cope well under pressure and with tight deadlines
• Comfortable working in an international environment
• Proactive approach
• Attention to detail
• Quality focused
• Demonstrate curiosity for risk management and regulatory changes
• Continuous Improvement

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:

https://www.db.com/company/company.html

We strive for a culture 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.