Assistant Vice President - Risk & Control - Investment Banking

The successful candidate will report to the GM Controls Mumbai Team Head and may lead one of teams in the design and implementation of key control initiatives as well as representing GM Controls in key risk and control forums. He/she will work closely with the Equity and Fixed Income Control COOs, BRCOs, central GM Controls teams, and partner control functions across Shared Services to ensure there is an effective and robust framework in place. He / she will also drive a common culture, ethos and work practices in the GM Controls Mumbai team.

In this fast-paced and ever changing environment, in order to be successful, it will be important to operate via the following objectives :

Control Culture :

- Set tone and standard to emphasise the importance of controls across the team

- Act in an independent manner to represent the best interests of the Bank when designing and implementing controls, and when evaluating the performance of controls

- Assist the Team Head in implementing the mission statement & vision for the Mumbai Control team.

Team management :

- Ensure the team operates as a single, cohesive unit, and in a collegiate manner

- Foster a strong team spirit across the team encouraging them to work with other teams within the Mumbai Control team

- Identify, design and deliver training and support needs to ensure success

Controls Framework - A flavour of some of our deliverables

- Development of industry leading control reports and related management information e.g., Cancel and Corrections, Off Market Reports, loss analysis, trader mandates exceptions

- Prepare of monthly risk and control metrics to assess supervisory and operational risks at a business, regional and global level.

- With a forward-looking view on risk and control issues observed in the industry and internally that may impact the GM - assist in performing related read across and devising related remediation plans

- Assisting with the GM Governance Framework, associated metrics, and reporting tools - with escalation of key risks to senior management

- Developing & maintenance of Control tools used to monitor Trader performance, Desk performance and Business level performance

- Performing tyre-kick/deep dives/thematic reviews into key trading metrics to understand the reasons for outliers and suggest remediation actions by enhancement to existing controls

- Work closely with GM Controls, IB OpRisk and GM Front Office in developing the GM Risk and Controls Framework; including the RCSA process

- Drive a controls testing mandate across Design & Operating Effectiveness

Regulatory environment :

- Keep abreast of regulatory developments and has sufficient flexibility to meet changing requirements

The qualified candidate must have :

- Strong interpersonal skills and the ability to influence others not in direct span of control

- Strong business experience to allow for senior level business interaction

- Strong presentation skills with an attention to detail

- Experience having worked in a high pressure, delivery focussed environment

- Strong analysis skills and is intellectually inquisitive

- A drive to learn and prepared to review detail

- Confidence and ability to be self-starter

- Strong work ethic

Technical skills needed :

- Investment banking experience in control/risk functions

- Front to back knowledge of key sales and trading process flows

- Operational Risk / Internal Audit / Regulatory background and/or experience

- Project management experience - track record of delivery on projects, commitments

- Strong Microsoft skills

Education

- MBA and or post graduate qualifications (CPA, Chartered Accountant, CFA)