Internal Control - Consumer Banking

Principal Responsibilities:

- Designing the control framework within the bank keeping in mind the regulatory and group norms and guidelines

- Study and review business process and process manuals for all business units of the bank, identifying key processes

- Ensure process controls (covering finance and accounts, business processes, compliance, IT etc.) in line with leading industry practices are established by business.

- Prepare risk and controls assessments (RCAs) for individual businesses

- Testing control design and operating effectiveness of key controls and key risk indicators, at least on an annual basis

- Identify and prioritize "Risks that Matter-

- Report risk incidents and perform Root Cause Analysis (RCA) for all risk events / near misses, document and share the findings with stakeholders

- Develop a conformance testing framework to verify critical controls to ensure ongoing oversight

- Analysis of loss data, review of errors, exposures, risks, to identify gaps in existing controls and mitigate them in consultation with the business

- Review launch of new products and processes from risk assessment and controls perspective

- Provide project risk governance oversight to internal stake holders from controls perspective

- Ensure businesses are prepared for audit

- Coordinate with Internal & External Auditors to demonstrate compliance as per defined regulatory and control standards

- Ensure clear delegation of authority and segregation of duties

- Train employees on their role in the overall internal controls process and on leading practices for managing emerging risks in areas such as IT, fraud, contract compliance etc.

- Candidate should have good understanding of consumer banking.

- Candidates with prior audit experience in consumer banking vertical will be preferable