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Third Party Risk Management Risk Specialist, AVP
DWS Investment
posted 4d ago
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Job Description
Job Description
Job Title Third Party Risk Management Risk Specialist
Corporate Title AVP
Location Mumbai, India
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. To achieve this the NFRM function requires
- Risk Managers with the experience, seniority and tools to assess complex risks and intervene where they lie outside the bank s risk appetite.
- A comprehensive, integrated, simple and easy to use NFR Framework with supporting technology that assists risk identification, assessment and remediation.
- Strong understanding of the businesses combined with regular engagement which would allow NFRM to provide support, review and challenge in line with the 3 Lines of Defense Model.
- Close coordination with all Second Line Risk Type Controllers to facilitate the production of a holistic view of NFR.
- Proper consideration of emerging risks, rather than just current issues.
- Effective governance combined with supporting MI that facilitates decision-making.
NFRM is a matrix organisation with business / region and functional specialist axes.
The role sits in the Third Party Risk Management Risk Type Controller team and is part of a central support function for the global teams located in London and New York. The AVP is mainly responsible to build out and mature a new Third Party Assurance framework and responsible to lead annual scenario exercise, support the scoping of the Third Party portfolio carrying the highest risk for the firm, and additionally implement a program of quarterly 2LOD independent review and challenge that gets high visibility. As this is a new framework, critical thinking and finding innovative solutions to problems at hand is key for this role.
As part of the central utility supporting the global teams, there is an opportunity to support senior management governance oversight fora and general change management activity in the Third Party Risk Type Controller space.
What we ll offer you
As part of our flexible scheme, here are just some of the benefits that you ll enjoy,
- Best in class leave policy.
- Gender neutral parental leaves
- 100% reimbursement under childcare assistance benefit (gender neutral)
- Sponsorship for Industry relevant certifications and education
- Employee Assistance Program for you and your family members
- Comprehensive Hospitalization Insurance for you and your dependents
- Accident and Term life Insurance
- Complementary Health screening for 35 yrs. and above
Your key responsibilities
- Main responsibility is maturing of the new Third Party Assurance framework by closely working with the new Central Function in Group Procurement, risk assessors, and other Risk Type Controllers
- Other main focus of this role is developing and executing 2LOD independent control assurance (dip sampling)
- Supporting the annual scenario setting for Third Party Assurance and support scoping of the portfolio
- Supporting metric development and monitoring
- Contributing to change management activity within Third Party Risk Management tooling and other technology developments
- Assist with policy updates and preparation of material for Third Party governance bodies
- Maintain knowledge of industry trends and standards, risk management practices, legal and regulatory changes
- Promote the Risk culture and visibility of NFRM via training and participation in NFR governance forums
- Keep abreast of changes in relevant NFR frameworks, tools, laws etc. and understand their implications for Third Party Risk Management
- Contribute to projects / regulatory exams / task forces / working groups relating to Third Party Risk Management.
Your skills and experience
- Qualification requirement of Bachelor of Business Administration or higher (Master / MBA) Certification on Risk Management, Third Party Risk Management, Internal or External Audit or equivalent
- 5-8 years experience in a similar role within financial services or consulting
- A robust understanding of Operational Risk / Non-Financial Risk Management principles and practices
- Demonstrable experience of developing strong working relationships with business areas to facilitate successful risk management within the 3 Lines of Defense model
- Worked with Senior Stakeholders within a high-pressure dynamic environment
- Appreciation of the global regulatory environment broadly the regulator perspectives on non-financial risk and Third-Party Risk Management.
How we ll support you
- Training and development to help you excel in your career.
- Coaching and support from experts in your team.
- A culture of continuous learning to aid progression.
- A range of flexible benefits that you can tailor to suit your needs.
Employment Type: Full Time, Permanent
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