Senior Control Management Specialist

10 to 13 Years    Bengaluru/ Bangalore (Karnataka)

Job Description

In this role, you will:

Lead complex initiatives designed to mitigate current and emerging risks with broad impact specific to programs and processes implanted in response to the consent orders and regulatory matters requiring attention
Act as key participant in monitoring, evaluating, and measuring the impact of decisions practiced in Control Management functional area
Monitor moderately complex business specific programs, and provide risk management consulting to support the business in designing and implementing risk-mitigation strategies
Monitor, measure, evaluate, and report on the impact of decisions and controls to the relevant business group or functional area
Develop and implement risk monitoring and risk reporting processes and controls
Collaborate with relevant business group to identify current and emerging risks associated with business activities and operations, and provide guidance in developing and implementing risk-mitigating strategies
Ensures that business control issues are proactively identified and addressed appropriately, escalating where necessary.
Support a strong risk management culture through the implementation of key risk management programs into the standard operating framework of the business
Lead Control Management project or virtual teams
Required Qualifications:

Overall 10 years of experience in risk management or 10 years of financial services industry experience, of which 5 years must include direct experience in risk and control management
B Com, BBM, MBA, M Com with Business, Finance, Banking, Accounting or Economics as preferred major subject

Desired Qualifications:

Good understanding of Risk and Control programs especially RCSA policy, Internal Control policy and Risk Management
Knowledge and understanding of operational risk management in the financial services industry
Proven leadership and project management skills to drive alignment across stakeholder groups to develop and deliver repeatable end-to-end risk management solutions and controls aligned with groups processes
Ability to evaluate changes to laws, processes, etc. to assess impacts and to develop implementation plan to close gaps
Comprehensive understanding of operational risk management and or operations process management
Understanding of US banking regulatory requirements. Applies product/domain knowledge to improve/add value to the processes, Line of defense Structure
Familiar with various quality assurance techniques, issue verification frameworks and role of issue oversight, Audit, or internal controls assessment experience
Knowledge and understanding of financial services: regulations, compliance, policies, process, and procedures
Ability to consult, build, and maintain solid working relationships in and outside of immediate department
Experience working in a matrixed environment and the ability to effectively manage and build relationships
Ethical integrity and demonstrated ability to identify risks and confidently raise issues, escalate early and engage in constructive challenge, doing so independently
Ability to manage initiatives involving process improvements
Ability to influence, partner, and negotiate with senior business leaders to gain commitment to accomplish business goals
Ability to prepare management level presentations
Job Expectations:

Participate in mitigating current and emerging risk exposures associated with the activities and operations of the aligned business group; identify opportunities for process improvements within the scope of defined business control responsibilities
Provide risk management consulting to support the business in designing and implementing risk mitigation strategies, business processes and business controls
Exercise judgement within defined parameters while developing understanding of function, policies, procedures, and compliance requirements
Provide guidance to business groups on the development, implementation, and monitoring of business specific programs to identify, assess and mitigate risk exposure
Present recommendations for resolving moderate to complex situations and exercise independent judgement while developing Control Management functional area expertise
Develop and implement risk monitoring and risk reporting processes that align with company-wide risk programs. Monitor and report on its risk concentration, current and emerging risk, and risk appetite. Aggregate the results of its monitoring efforts (as part of its self-assurance activities reporting routines), evaluate findings, report on results, and escalate where necessary.
Understand and provide thematic and cross-functional analysis on risk and control subjects
Collaborate and consult with Control Management team and key stakeholders, including internal customers
Providing transparency to business executives into all relevant risk-related information associated with each process
Provide assurance of the effectiveness and sustainability of the risk management activities and controls for each process.
Conduct thorough reviews of complex data sets for quality and completeness
Accurate and timely capture and input of data into various systems and applications
Responsible for completing all assigned tasks accurately and within the defined processing timeframe

During the recruiting process you may be considered for a role based on your expertise in a particular Control LOB. Additionally, each business has a specific location strategy, therefore your candidacy may be determined based on your current location. Remote work locations are not available for these roles, so if you are not in a location listed on the posting, you must commit to relocation within an agreed upon timeframe.
Education: MBA/ PGDMr r r r r r r BBA/ BBM/ BBS
Industry: Financial Services/Stockbroking, Banking

Skills Required

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Job Detail

  • Job Id
    JD2902592
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Bengaluru/ Bangalore (Karnataka),
  • Education
    Not mentioned
  • Experience
    10 to 13 Years