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12/04 Puja
Specialist at Recruitment Firm

Views:286 Applications:72 Rec. Actions:Recruiter Actions:0

Vice President - Finance Governance/Controls - Bank (10-20 yrs)

Chennai Job Code: 1078361

Vice President - Finance Governance/Controls (Need Only Diversity)

This is for a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.

Risk and Control Objective

- Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Company Policies and Policy Standards.

- Able to provide practical solutions to sustainably remediate and minimize risks and control deficiencies

- Excellent knowledge of operational risks, controls and risk remediation

Working Flexibly

We're committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers' and clients' needs. Whether you have family commitments or you're a career, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life.

If you would like some flexibility, then please discuss this with the hiring manager.

- Complete ownership of the overall delivery of Finance Control controls programme relating to Finance within stipulated timelines and with quality

Stakeholder management :

- Finance team based in India, including Product FTC and global Finance Control stakeholders

- Process/Control owners involved in the Finance Control FTC

- Wider CCO CBP team of India Finance, CCO CBP team in US & UK

- India CCO management

- Drives consistency in approach across the global teams and the Group as a whole

- Ensure efficiency in all deliverables to create capacity to absorb more work with the same team strength

- Contribute effectively to any restructuring requirement of the team organisation structure

- Act as advisor to the Product Control business on control matters

- Manage conflicting demands and priorities through effective planning and sound judgement

What will you be doing?

- Overall responsible for designing & execution of Controls & governance for

- Facilitate & co-ordinate for implementation of Risk & control self-assessment (RCSA) for Finance teams

- Create and enhance control awareness across Finance through trainings, workshops etc.

- Perform deep dives/ reviews to identify any potential control gaps & help business to mitigate them, if any

- Trusted advisor for various control policies & standards applicability, impact, adherence etc.

- Advise Finance teams on Risk events, control issues etc. and help them to mitigate any discrepancies identified

- Responsible for execution of annual CCAR CFO attestation testing plan for India portion

- Co-ordinate with various stakeholders with walkthrough and gather relevant information

- Perform control testing using CCAR testing methodology and report any issues / observations

- Organise & run Finance governance forums - Monthly/Quarterly CRM (Control Review Meetings)

- Ensure compliance with applicable policies globally across GFD

- Act as Subject Matter Expert to ensure that all policies are interpreted and implemented as per Group guidelines

- Perform continuous governance and oversight and update Finance Leadership

What we're looking for:

- Bachelor's degree or Post Graduate (CA/MBA or equivalent)/ Risk management qualification with an experience of relevant years equivalent work experience.

- Practical experience of internal control and operational risk management

- Comprehensive understanding of governance and control frameworks and processes, and all aspects of operational risk management.

- Ability to communicate internal control concepts clearly, in a business context

- Experience in assessing design and operating effectiveness of operational controls

- Impeccable problem-solving and communication skills, including experience presenting to senior level leadership

- Strong analytical skills with operational background

Skills that will help you in the role:

- Proven leadership experience in an Operational Control environment or Risk and Control role

- Credibility and gravitas to challenge and coach upwards, horizontally as well as own leadership of team members; facilitate the effective collaboration of cross-functional teams

- Experience in financial services and specifically the Global Markets products sets and business, with a wide ranging understanding of the Investment Banking Markets and Trading business globally and associated risks specifically.

- Proven depth of expertise in strategy execution, with experience of leading change across global and cross-functional teams.

- Proven track record of working successfully in different cultures in a sensitive manner in order to create strong working relationships with key senior stakeholders.

- Strong working knowledge of the regulations and standards of relevant industry bodies and organizations.

- Experience of continuous process and control improvement for both efficiency and risk management purposes.

- Collaborative and able to share best practices at all levels.

- Able to cope under pressure, managing a wide range of priorities with multiple objectives.

- Politically astute and able to understand the dynamics of large, complex organizations.

- Highly effective communicator with excellent interpersonal skills

Where will you be working?

- Chennai

Women-friendly workplace:

Maternity and Paternity Benefits

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