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Posted on : 2024-10-25 VP - Business Risk & Control (Investment Banking) IC Role - For An MNC Banks GCC. Location : Hyderabad
Last Date to Apply 2024-11-30
Job Description

  • Lead complex initiatives designed to mitigate current and emerging risks with broad impact
  • Act as key participant in monitoring, evaluating, and measuring the impact of decisions practiced in Control Management functional area
  • Monitor moderately complex business specific programs, and provide risk management consulting to support the business in designing and implementing risk-mitigation strategies
  • Monitor, measure, evaluate, and report on the impact of decisions and controls to the relevant business group or functional area
  • Develop and implement risk monitoring and risk reporting processes and controls
  • Collaborate with relevant business group to identify current and emerging risks associated with business activities and operations, and provide guidance in developing and implementing risk-mitigating strategies
  • Lead Control Management project or virtual teams

Required Qualifications:

14+ years of Risk Management or Control Management experience in Investment Banking Domain.

  • Successful candidates will be articulate and possess a demonstrated leadership capability; they will be impressive in their inter-personal effectiveness and with regard to their accomplishments. It requires a leader with strong relationship management, influencing, vision and execution skills. A key differentiator will be the ability to understand and operate successfully in a complex, heavily matrixed corporate environment. The role requires a sense of urgency, passion for results, and personal accountability for achievement.
  • The candidate will work closely with other senior leaders across CIB Control and CIB Ops, and risk and operational partners from elsewhere in the company in the development and execution of company risk management strategies.
  • Provide alignment to one or more coverage areas across Broker Dealer Operations, Derivs & Middle Office Operations, Account Onboarding, Tax Operations, FX Operations, new products, fraud, and other line of businesses supported for by the CIB Operations teams.
  • Serve as a coverage officer within the control team, with proven knowledge of applicable products, services, processes, systems and customers.
  • Continuously engage in discussions with LOB partners on strategy, industry trends, organizational changes, and new/modified markets, systems, products and services, to determine impact and identify and remediate risk control issues across all risk types.
  • Contribute to team coverage of engagements such as internal audits, external exam and other control reviews. Ensure LOB awareness and preparations as applicable.
  • Lead efforts for issues and corrective actions identified during engagements inclusive of root cause identification, issue intake, alignment of corrective actions as well as any related intake and closure requirements.
  • Communicate the pipeline of engagements, issues and any related requirements to ensure that internal and external timelines are met.
  • Collaborate with Line of Business (LOB) partners on control design, implementation and monitoring.
  • Ensure appropriate connectivity, linkage, and integration with in-region international risk management teams.
  • Partner with business control managers and the business to maintain the business process inventory.
  • Conduct risk assessments to evaluate the adequacy and effectiveness of policies, procedures, processes, systems, technology and internal controls.
  • Awareness and involvement in regulatory change control, and alignment of related controls.
  • Contribute to governance routines and management reporting leveraging RCSA data.
  • Partner with business control managers to ensure that the RCSA and related risk and control profiles are maintained following any engagements/related issues and corrective actions.
  • Manage RCSA triggers, including the assessment of RCSA.
  • Coordinate with business and support partners for creation of Self-Disclosed issues in Issues Management system of record.
  • Control Development: Control Documentation, control evaluation, control implementation and monitoring.

Salary 45L fixed Plus Bonus
Industries Type Banking
Employement Type Full Time
Experience 14
Education Bachelors

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