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DWS Investment

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492 DWS Investment Jobs

IT Risk, Regulatory & Control Lead - VP

DWS Group

8-10 years

Mumbai

1 vacancy

DWS Investment

posted 4d ago

Job Role Insights

Key skills for the job

Outsourcing Project Management Auditing Bfsi Risk Management PMP

+ 4 more

Job Description

Job Description

Job Title IT Risk, Regulatory Control Lead - VP

Location Mumbai, India

Role Description

The VP role for IT Risk, Audit Management and Implementation lead is responsible to manage all the IT regulatory audits for the India regulator - RBI (Reserve Bank of India), SEBI, NSE, BSE and all internal audits. This role will be the single point of contact between audit agencies (external/ internal) and all functional Technology teams.
The role is expected to manage Risk for IT India, through monitoring, assessing, measuring and managing risk remediation in line with appropriate Risk tolerance levels
This role is responsible to manage service continuity for India IT infrastructure and applications.
Additionally, this role will cover development of regulatory governance framework for APAC and ensure global consistency. It will include develop and produce reports and regional heat maps based on regulatory activities, correlate with global heat maps and produce regulatory intelligence reporting, aligned with global reporting.

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

Regulatory Audit Management
Enhancement and roll out of the regulatory governance framework regionally and ensure global consistency. Participate and represent Country Technology Management in the India regulatory control group for report automation.
Review new regulatory communications to determine Country Technology Management s compliance status and to identify actions required for compliance, if applicable.
Develop and produce reports and regional heat maps based on regulatory activities. Correlate with global heat maps and produce regulatory intelligence reporting, aligned with global reporting.
Manage regulatory engagements, drive work streams, report on progress, escalation of risks and issues when necessary.
Manage regulatory requirements around vendor outsourcing for financial and technology outsourcing.
Coordinate across TDI (Technology, Data, and Innovation Division) to ensure timely and complete responses to all regulatory inquiries and ad-hoc requests. Expert management of time critical activities. Where required, build business cases for regulatory control related projects and establish appropriate projects to deliver the regulatory requirement.
Streamline data collection and quality check processes for regular and predictable data requests to ensure quick turnaround times for regulatory responses. E.g. Critical apps reporting, IT outage reporting, IR treasury reporting etc.
Perform quality reviews on regulatory responses for quality, completeness and consistency for all IT activities.
Maintain tracking system and centralized data repository of all regulatory requests, responses, and remediation efforts.
Establish and manage relationships with key stakeholders across the Bank.
Establish and manage relationships with key regulators.
Participate in various committees (locally, regionally and globally) as required.
Develop, monitor and review the KPI s and KRI s defined for regulatory compliance.
Evaluate Country Technology Management initiatives for applicability to regulatory compliance.
Act as a single point of contact for all audit related queries relating to technology.
Co-ordinate with the audit function to effectively plan and support audit execution.
Review self-identified issues, audit points and work with issue owners to plan and track their timely remediation.
Risk Management
Articulate, monitor and measure information and operational risk through appropriate Self Assessments, KRIs and Enterprise Risk Indicators (ERIs) and by developing appropriate responses to address changing business needs and control requirements.
Undertake assessments to proactively identify areas of concern and implement remediation plans as required.
Ensure adequate risk remediation to target levels in line with the Division s risk tolerance.
Ensure consistent performance of the control environment across the division, defines and implements improvement plans where required.
Ensure availability of Regulatory Risk Control resources with the appropriate skills and through effective management ensures the consistent application and review of the Regulatory Risk Control infrastructure.
Maintain stakeholder buy-in through the management of partnership relationships with key management and control stakeholders.
Represent the division in local, regional and global risk forums and workshops and engage and own IT risk management topics related to the Bank in India.
Service Continuity Management
Act as the Business Continuity Management and Disaster Recovery (BCM/DR) co-coordinator for country IT. Liaise with the Bank s BCM team to implement required BCM/DR controls for the IT infrastructure and applications.
Plan, coordinate and conduct BCM/DR tests as per the annual BCM/DR test plan.
APAC Support
In addition this role will be responsible for IT risk management framework design and implementation for APAC region, IT includes the coordination of IT policy drafting, implementation and monitoring. IT Risk and Compliance lead is responsible to maintain the IT Risk Framework and its associated controls and reporting. This role is responsible to evaluate overall information technology risk, maintain an active view, and report on the actual, mitigated and residual risk in the technology organization. All compliance closure activities are coordinated through this role, including the control and actual submissions for closure.

Your skills and experience

Added skills

University degree in engineering /Post graduate in science qualifications from recognized university, preferably candidate should be from Information Systems or Computer science background.
15+ years of experience in BFSI technology sector covering oversight on multiple Banking business technologies.
Excellent domain knowledge in finance sector technology and should be able to build a team of Business analyst, Developers to deliver business goals in Regulatory Risk reporting.
Excellent understanding of IT Risk management, internal and external control, compliance and risk frameworks and preferably a good understanding of IT risk management frameworks
Working knowledge of IT infrastructure management including computing, Storage, networks, IT operations, Capacity planning etc.
Experience in a high pressured environment and / or a cyclical process involving management of different projects and tasks
Experience with managing global stakeholders, deadlines and adhering to Finance/ regulatory / audit requirements.
An analytical approach with flexibility and problem solving skills,
A strong project management background and experience, preferably PRINCE or PMP certified
A team player, flexible, and able to work proactively in a fast-paced and changing environment
Excellent verbal and written communication skills in English

Required Skills /Experience

Adhering to principles values
Capturing requirement translating them in Tech Product for deliverables
Entrepreneurial and Commercial Thinking, Vendor management
Build team of Business analyst, Developers to deliver business goals in Regulatory Risk reporting
Applying Expertise Technology
Planning Organizing
Delivering Results Meeting Bank Expectations
Achieving Personal Work Goals and Objectives

Education/ Qualifications