RDA&RR Independent Validation - Associate

The Basel Committee for Banking Supervision (BCBS) published a regulatory directive titled Principles for Effective Risk Data Aggregation and Risk Reporting in 2013, which DB and all other global systemically important banks (G-SIBs), must comply with.

DB has defined a compliance framework that reinforces and strengthens practices in risk data aggregation and risk reporting - to improve the quality of information used for key risk decision-making, and ultimately to evidence compliance to the principles in BCBS 239.

This role sits within NFRM which works in conjunction with the Divisional Risk and Finance teams to operationalise / ensure adherence to the RDA&RR compliance framework, and to achieve compliance to BCBS 239. The RDA&RR Independent Validation Lead will review and provide independent validation / quality assurance over the measurement and monitoring activity in the Risk and Finance divisions (for their Key Risk Metrics and Key Risk Reports).

Your key responsibilities

Provide a maximum of 5 bullet points detailing key accountabilities, managerial/leadership responsibilities, day to day activities and systems that will be used

• Assist the Independent Validation Manager in the delivery of the Independent Validation function mandate, against objectives.
• Take responsibility of governance for compliance framework adherence by several Risk or Finance divisions:
  • Ensure divisional adherence to the RDA&RR Standards and Guidance.
  • Validate gaps to BCBS 239 are appropriately identified and co-ordinate with division and remediation manager to link these to remediation (including existing Global Technology projects, or new projects).
  • Lead and manage the annual artefacts recertification across relevant divisions.
• Identify opportunities to enhance RDA&RR Governance, Policy and Framework. Where necessary take the lead in defining enhancements to the issued Standards and Guidance (or level 3 Policy).
• Actively supports the business strategy, plans and values, contributing to the achievement of a high-performance culture
• Chair / active participation in meetings with divisional stakeholders as required.
• Presentation as required (e.g. Senior Management updates, RDA&RR Divisional forums).
• Responsible for dealing with issues and escalations (where relevant).
• Adhoc MI as required

Your skills and experience

Provide a maximum of 5 bullet points detailing relevant, essential qualifications/skills/experience/qualities

• University degree or appropriate professional experience.
• Understanding / experience of the financial services industry with a track record of excellence.
• Experience of working within Financial Risk either from a risk data aggregation or risk reporting perspective.
• Understanding of the regulatory environment, frameworks and compliance requirements associated with financial services.
• Experience of Quality Assurance and/or Audit Assurance.
• Strong influencing and relationship management skills, including with senior stakeholders.
• Ability to think outside given procedures and processes, questioning, and analysing current practices combined with an ability to innovate and provide creative solutions.
• Excellent knowledge of analysis and communication tools i.e. outstanding Microsoft Office skills, especially PowerPoint.