Framework Adherence & QA - NCT

Role Description

• The purpose of the Non-Financial Risk Management (NFRM) function is to ensure that the Banks Non-Financial Risk exposure is adequately managed in-line with the group wide risk appetite and NFRM framework.
• The Product Governance function sits within NFRM and is responsible for the management of the New Product Approval (NPA), New Transaction Approval (NTA) and Product Lifecycle Frameworks to ensure appropriate due diligence takes place prior to the implementation of any new product, business initiative or non-vanilla transaction, that all products are regularly reviewed along their Lifecycle and that potential risks are appropriately assessed and managed.
• This is a key role within the Global Product Governance function encompassing regionally, divisionally and globally focused elements. The role includes responsibilities as the Product Governance Risk Manager for APAC region along with oversight of the PG Quality Assurance team.

Your key responsibilities

The Product Governance team

(1) provides independent challenge to both Business and Infrastructure functions within the approval processes,

(2) ensures consistency of application of the Product Governance Framework. The Product Governance team is also responsible for the reporting and escalation of key portfolio trends and significant transactions and related risks to senior 1st and 2nd Line of Defense across the DB group.

• Reviewing the approvals by the functions to ensure they are in-line with their respective Minimum Standards and include the appropriate level of documentation and due diligence
• Periodically reviewing changes made to Control Standard and governance docs to capture and analyse and implement their impact on the process.
• Perform validation checks to ensure appropriate details have been appropriately documented and evidenced
• Assisting in the preparation of materials for the Product Governance Materiality classification and finalizing the applications
• Identifying opportunities to streamline process
• Escalating as appropriate where QA issues arise & Remediating QA issues
• Engage and participate in activities to support the global/strategic initiatives and priorities.

Your skills and experience

• Prior understanding of the transactions and financials products offered by a Tier 1 investment bank as well as the supporting infrastructure and controls
• Ability to proactively work across a diverse group of stakeholders within a complex organisation and to quickly develop strong working relationships with a broad range of functions
• Strong oral and written skills should be able to distil topics into understandable summaries with clear conclusions and explanations of rationale
• Proficient in Microsoft Applications i.e. Advanced excel skills, PowerPoint, Word etc
• Creative thinker with ability to challenge and enhance the status quo and develop new solutions