Job
Description
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Job TitleDivisional Risk and Control Specialist, VP
LocationMumbai, India
Role Description
Origination & Advisory Business
Origination & Advisory aims to build long-term, trusted and mutually beneficial relationships with the major corporates, financial institutions, financial sponsors and sovereigns around the world. Click here for more information.Job Specification
The Origination & Advisory (O&A) Business Control Unit (BCU) is a 1st Line of Defence (1st LoD) function created during the implementation of the Three Line of Defence (3LoD) programme.Its primary objective is to support the front office in executing the Non-Financial Risk (NFR) framework for its business line. The team is principally responsible for:
Identification and mitigation of non-financial risks (regulatory, conduct and systemic)Supporting the operations of an efficient supervisory and conduct frameworkEnsuring the governance of a business audit portfolioDriving Change the Bank initiatives to support the control framework
In addition to working closely with the business heads, the groups reach and interaction is broad, including engagement with the Investment Banking Divisional Control Officer (DCO), 2nd and 3rd LoD, for example Compliance, Anti Financial Crime (AFC), Non-Financial Risk Management (NFRM), Legal, Group Audit and others.This role will support the Global BCU function in various capacities, with a particular focus on Investment Banking Coverage & Advisory (IBC&A) and Mergers & Acquisitions (M&A).The role will also align with the wider APAC Business Management & Controls (BM&C) team and will therefore be supporting the O&A APAC business. This includes direct interaction with senior O&A APAC bankers and being a point of contact for all O&A APAC matters in the control hub.What well offer you
100% reimbursement under childcare assistance benefit (gender neutral)Sponsorship for Industry relevant certifications and educationAccident and Term life Insurance
Your key responsibilities
Deliver and monitor remediation activities for the O&A owned findings portfolio (Group Audit, Controls Testing & Assurance, Regulatory, and Self-Identified Issues)Perform and monitor level 1 controls and update O&A control inventoryPro-actively identify and deliver level 1 control enhancements and automationTimely identification and sustainable mitigation of control weaknesses and emerging risksIndependently lead and deliver risk and control related assignments, such as a read-across of known control weaknesses, lessons learned of NFR events, back-testingDevelop and manage relationships with a range of stakeholders within and outside O&A including 2nd and 3rd line functionsLead change initiatives in O&A BCU incl. planning, coordinating with various teams, tracking progress, and escalating where necessaryCreation and delivery of senior management reporting to support decision makingUpdate Key Operating Policies & Procedures to document current business processes
Your skills and experience
At least 7 years of relevant industry experience, ideally from a top tier investment bankStrong analytical skills and a strong finance / economic academic backgroundSound understanding of the Corporate Finance business, including coverage and Mergers & Acquisitions would be beneficial.Deep knowledge of NFR framework, risks and controls in an investment bankAptitude for providing advice to senior management on risks, controls and mitigationThe ability to formulate clearly and present information in a compelling mannerThe ability to present complex and sensitive messages comprehensively, professionally and in simple termsSolid MS Office skills (word, powerpoint, excel)Strong data-analysis skills ability to transform raw/complex data into simple and meaningful outputs for senior management communication
You will be
Able to work as part of a global teamProactive and diligent and able to partner with other teams to resolve issues where necessarySelf-motivated, independent, and able to identify solutions to issuesAccurate with an attention to detailConfident to question the status quo / existing control framework
How well support you