Newly post- VP- Risk Identification & Remediation Lead- NPL India

Job Description

Network Product Line (NPL) Risk Identification & Remediation team maintains a strong and consistent control environment across the firm. There is a comprehensive coverage and joint accountability model with the business functions that promotes early operational risk identification and assessment, effective design and evaluation of controls and sustainable solutions to mitigate operational risk.Risk Identification & Remediation team focuses on four areas:
• Risks and controls identification/assessment
• Control design, expertise, and evaluation
• Control breaks, root cause and resolution
• Control governance & reporting
• The Risk Identification & Remediation Team will partner with all other control disciplines, adding an additional line of defense supporting Compliance, Risk and Audit, among others.
• The Team will work in partnership on the development of new, and oversight of existing, control functions and protocols throughout the Firm and will provide a centralized view of and from all control functions, assisting in immediate, real time problem detection and escalation.
• This process will enable the firm to engage the appropriate teams in a timely manner and provide the ability to quickly remediate critical control issues across all the impacted areas of the firm.
• The team will bring a global perspective and globally coordinated approach to compliance oversight.
Below describes the duties performed by an individual. Responsibilities:
• In partnership with stakeholders, evaluate and perform an end-to-end analysis of the risk and control environment to identify significant gaps and weaknesses and determine root cause of control breaks
• Drive risk and control identification, risk assessment and rating (inherent and residual risk analysis), control evaluation (design, validation, findings & conclusions) and rating, and reporting and analysis of results
• Facilitate Control walkthroughs with stakeholders to ensure that controls are properly designed, operating effectively, and essential to a proactive risk and control culture that leverages proven evaluation strategies and sound change management protocols
• Perform ongoing analysis of program related data (e.g., KRI/KPI) and develop ad-hoc reports as requested to support business-related programs and strategies, including identifying, documenting, maintenance and reporting of metrics
• Participate in Internal & External Audits
• Maintain standard management reporting, including metrics and report on material breaches
• Perform analyses of common and recurring control weaknesses, and monitor results and trends in other relevant indicators
• Evaluate, analyze, and track issues and action plans to ensure progress toward planned completion dates via FARM (Findings and Response Management)
• Management of Risk & Control forums and walkthroughs, regulatory related initiatives and ad hoc presentations including coordinate senior management meetings, develop commentary, establish agendas, timelines and prepare related materials
• Develop and deliver training sessions / programs as needed
Qualifications:
• Bachelor s degree with minimum 10+ years of experience in IT
• 5+ years of experience in financial services industry with background in controls, audit, quality assurance, operational risk management, or compliance preferred; or equivalent subject matter expertise in a relevant business-related function/operation
• Proficient in Microsoft Office Suite (Word, Excel, PowerPoint, Visio) required and data analytics preferred using Excel, Access, and SharePoint
Skills:
• Business knowledge - ability to understand the business / knowledge of regulation surrounding business
• Communication/presentation- excellent written and verbal communication skills with an ability to influence business leaders in a meaningful and actionable manner
• Networking strong interpersonal skills; strong collaboration and relationship building skills with an eye for Diversity and Inclusion
• Work autonomously to affect change - flexible, adaptable to shifting priorities; manages competing priorities to achieve the most effective result and able to work in a fast-paced, results driven environment
• Problem solving /Analytical skills - solid critical thinking, attention to detail and analytical skills; able to synthesize large amounts of data and formulate appropriate conclusions
• Understanding root cause/ identifying control breaks
• Writing Action Plans, Procedures
• Project and Change Management
• Familiar with key Financial Institution regulations and background with the Financial Services Industry and understanding of Risk Management areas
• Ability to gain consensus among staff and effectively drive initiatives to completion with keen attention to detail
• Ability to self-prioritize, work well under pressure with commitment to deliver under tight deadline
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Keyskills :
subject matter expertiseoperational risk managementstrong interpersonal skillsroot causedata analyticsrisk managementrisk assessmentmicrosoft officeoperational risk