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Head of Model Risk Management, India - Director
Deutsche BankMumbai, Maharashtra, India8 hours ago
Job descriptionDefines the people strategy for MoRM India, including management, recruiting and retention and implementation of measures to operate within relevant scorecard metrics; Agrees Book of Work applicable to MoRM India with Model Risk Managers and Global Head of Governance, Control, & Analytics. Oversee validation of models in scope, including (for new models and periodic review of existing models) : Specifying and implementing validation testing across, validation documentation, and validation outcomes; Assessing whether models are performing as expected, in line with their design objectives and intended scope and purpose, and working with model developers, Senior Model Users, and Model Owners to improve models, where required; Provision of documented decision of the appropriateness of a model for its intended purpose, advising on conditions for use, limitations, and findings where appropriate; The issuance of Validation Findings and subsequent review for closure following model developers and Model Owners’ submission; Providing regular monitoring and oversight of the models in scope to enable model risk is kept within the set appetites and limits and supports model risk governance related activities; Overseeing the remediation of internal and regulatory findings relevant for the covered models / areas. Oversees the management and maintenance of operations in MoRM India, including the design and implementation of its operating model and people management; Oversees the development, implementation, and maintenance of the Model Risk control framework in India to ensure both internal and regulatory compliance, delivering remediating action where gaps in the control framework are identified; Contribute to framework enhancements across the department. Complies and procures compliance with applicable laws and regulations, taking particular account of compliance with applicable corporate and banking laws and regulations as well as compliance with anti-money laundering, anti-corruption, anti-fraud and anti-market manipulation rules, embargo requirements and any other rules aiming at preventing any kind of other criminal activities as well as data protection, confidentiality and (non-)disclosure requirements. Fulfils all obligations towards supervisory authorities and accredited investigators, including any due notifications and any requirements on submission of information. Complies and endorses compliance with DB Group’s internal rules in general. Defines and ensures effective implementation of relevant strategies within defined Risk Appetite and Tolerance, ensuring that the Unit’s strategy is in line with DB’s Group risk strategy and monitors deliverables and performance targets. Ensures the implementation of Policies and Procedures by and within the Unit. Acts as escalation channel, being accountable for dispute resolution and for overseeing disciplinary processes. Ensures the Unit’s proper and transparent organisation along the core organisational requirements as laid out in DB’s Internal Corporate Governance Policy, and in particular also taking account of applicable segregation requirements and avoiding / addressing conflicts of interest. Manages risks and oversees controls in respect of risk types which fall within the remit of the Unit by way of implementing and maintaining an adequate and effective risk management, including identification, assessment and management (incl. control, monitoring and reporting) of risks. Represents the Unit towards internal / external stakeholders; maintains and fosters internal and external key (business) relationships. Ensures the remediation of issues and is accountable for delivery of Unit’s remediation actions. Drives collaboration and trust-based relationships both within the Unit as well as across Units. Ensures proper information flow to all dimensions of the matrix (Unit, country and entity) and notifies in a timely manner the appropriate representative(s) of these dimensions on (intended) actions or decisions which may have a material impact on their operations. Involves Country Management in the decision-making processes, to the extent the respective decisions have a material impact on the respective country and in line with need to know and further confidentiality / information restriction requirements. Sets clear direction for the team in line with overall business strategy balancing both global and regional priorities. Manages performance systemically by considering delivery, behaviour and conduct in equal measure, setting and communicating clear role expectations and qualitative and quantitative priorities, promoting individual accountability and removing impediments to success. Ensures team members have regular and meaningful performance and career development discussions giving and listening to feedback. Holds direct reports accountable for systems, processes and control management practices which are efficient, cost-effective and in line with Bank standards and regulatory expectations. Ensures team decision-making processes are timely and place precedence on long-term considerations and client needs over the short term. Ensures each direct report has sufficient time and skills to perform the correspondent role and proactively manages and mitigates potential conflicts of interests. Proactively manages performance and business practices to ensure alignment with the Bank's goals, values and code of conduct and is clear on how to take action to ensure appropriate positive outcomes and negative consequences for individual employees. Builds capability for the future by prioritizing succession planning, continuous development of people and the mobility of high potentials within the team. Brings diverse teams together to collaborate on topics to achieve optimal ideas and recommendations. Creates an inclusive, open and speak up culture where team members are encouraged to express views and raise concerns. Acts as an escalation channel for the Group's benefit by ensuring matters are referred to the appropriate function within the Bank (i.e. HR, Compliance, AFC, Legal). Training and development to help you excel in your career Flexible working to assist you balance your personal priorities Coaching and support from experts in your team A culture of continuous learning to aid progression A range of flexible benefits that you can tailor to suit your needs
Description
Job Title : Head of Model Risk Management, India
Location : Mumbai
The Head of Model Management India has responsibilities for the MoRM function operating out of India
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 child care assistance benefit (gender neutral)
- Flexible working arrangements
- 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
Position Specific Responsibilities :
The Head of Model Risk Management India is responsible for management of the MoRM department located in India. This includes the application of validation standards to model validation performed by the Model Risk Management function based in India.
Strategy :
Risk Management :
Operations :
3. General Responsibilities
The general responsibilities set forth below apply in respect of the particular area of competence, i.e. are generally limited to the scope of the respective Unit on the one hand, and to the regional coverage of the position on the other hand.
4. Responsibilities in the matrix
5. Leadership Responsibilities
How we’ll support you
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Head Of Risk Management • Mumbai, Maharashtra, India
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