Overview
MUST have experience in:
Operational Risk, Controls, Risk advisory, assurance, internal audit, risk control, control testing
From 1st LOD only
Only local Pune candidates
Basic/ Essential Qualifications:
– Basic Minimum Educational Qualification – Post Graduate or equivalent (Chartered Accountant/ MBA/ ACCA).
– Preferred experience in Legal/Regulatory functions or regulatory process/ control testing.
– Experience in the application of and methodologies relating to Control Design Effectiveness Assurance and Operating Effectiveness Testing.
– Experience in implementing Data Analytics i.e. performing full population, hand on with building scripts in SQL /python/other tools.
– Specialist Risk and/or Control-related qualification – formal accreditation / qualification relating to audit, risk and/or control etc.
– Strong project & change management, analytical and organization skills.
– Proven experience of influencing Stakeholders including briefings and presentations.
– Analytical approach and proven ability to manage issues through to resolution.
Desirable skillsets/ good to have:
– Relevant academic/professional certifications (Post graduate/equivalent related to Laws applicable in banking industry across geographies) with post qualification relevant experience of Years.
– Experience in Laws, Rules and Regulations related to Markets risk across US, UK geographies.
– Knowledge of the Financial Services regulatory environment.
– Knowledge of Project Management and Change Management, proven through a relevant professional qualification e.g. Prince2, Project Management Institution would be beneficial, but is not essential.
– Understanding and experience in establishing/evaluating frameworks related to identification and compliance with Laws, Rules and Regulations (LRR) applicable to Banking industry across geographies.
– Ability to explore relevant regulatory requirements and identify consequences resulting from non-adherence.
– Knowledge of principal risks such as Operational risk, Market Risk etc.
-Experience to consolidate and process information from multiple sources to create meaningful insight and reporting for stakeholders.
– Proven experience of influencing Stakeholders including briefings and presentations.
– Analytical approach and proven ability to manage issues through to resolution.
– Experience or knowledge of working within a regulatory and control environment.
– Experienced in dealing with multiple stakeholders in different business / functions who have different objectives.
– Experience in providing informed opinion and being a trusted source on business / function’s policies and standards.
– Strong interpersonal skills and ability to communicate effectively across a global team.
– Ability to successfully multitask and complete assignments with varying lead times.
Self-starter.
Accountabilities:
– Collaboration across the bank to maintain a satisfactory, robust, and efficient control environment through the execution of ad-hoc assessments and testing on the design and operational effectiveness of the internal controls, aligned to control policies and standards.
– Development of detailed test plans and procedures to identify weaknesses in internal controls and other initiatives aligned to the bank’s control framework to mitigate any potential risks and issues, prioritised by its severity to disrupt bank operations, potential losses, and reputational impact.
– Communication of key findings and observations to the relevant stakeholders and business units to improve overall control efficiency and provide corrective actions to senior managers. Collaboration with other control professionals to resolve complex issues and ensure consistent testing methodologies across the bank.
– Development of a knowledge centre containing detailed documentation of control assessments, testing on design and operational effectiveness of procedures, findings, and the distribution of material on internal controls to train and upskill colleagues within the bank.