SVP CIB Business Risk

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We are currently seeking an experienced professional to join the CIB Business Risk team within HIBU, GIFT City. This individual expected to cover Business Risk for Banking, GTS CCO and GPS CCO for HIBU. For GTS, this individual is also expected to manage the TRM (Transaction Risk Management) responsibilities for GIFT. The resource will report to Head of HIBU entity wide and functionally in INM collaborating closely with above mentioned role holders in INM (i.e. INM Head CIB NFR, INM GTS CCO, INM GTS TRM and INM GPS CCO)

Principal Responsibilities

Business Regulatory Risk Advisory, Management and Oversight

Implement local regulatory circulars applicable to CMB and GB pertaining to regulatory compliance risk by closely working with frontline stakeholders, control owners and risk stewards.
Support Head NFR in deliverables, updates on local regulatory matters arising out of INM Compliance Oversight Management Committee (COMC) and INM Enterprise Regulatory Oversight Committee (EROC), Audit Working Group (AWG) of INM HBAP.
Ensure timely submission of monthly returns to local compliance and regional teams.
Implement changes in global policies and procedures rolled out by Procedure Oversight and Management Office (POMO) from time to time.
Plan and lead the implementation of regulatory compliance and legal risk related initiatives including assessment of external and internal requirements, local impact analysis, changes to policies / procedures / operating model in coordination with relevant stakeholders
Responsible for managing and oversight of the complaints framework to ensure delivery of fair customer outcomes including: complaints management, root cause analysis, policy, knowledge distribution, executive complaints, quality and insight
Overseeing and driving the delivery of the overall conduct work-plan for Wholesale Banking in India.
Assess issues raised through CCM (Continuous Control Monitoring), MSII (Management Self-identified Issue), 2

LOD and 3

LOD, and track the action ownership and completion timeline
Assist in internal Second or Third Line of Defence reviews, regulatory audits etc.
Establish and manage relationships with key Product Providers, Risk Stewards and stakeholders to deliver fit for purpose risk management framework. Work with Global, Country Business, Regional Business and Risk Functions to embed appropriate governance and controls while enabling business growth
Be a subject matter expert and key point of contact for risk advisory in related governance framework, policies, procedures and reporting arrangements
Drive ongoing training and communication initiatives aimed at raising awareness and standards for frontline staff and business partners
Undertake sales suitability oversight and outcome testing to identify any mis-selling or areas of service improvements to our customers.

Chief Control Office

The role holder acts as a First Line of Defence and work closely with Risk Owners and Control Owners to ensure the execution of operational risk management activities as defined by the Risk Management Framework.
Key stakeholders include colleagues in FLOD (Country Business / Team Heads, Regional Management, ASP and INM WCOO function), SLOD (all key risk stewards) and TLOD (Internal Audit).

The Role holder is also expected to act as Secretariat to WSB Business Risk Forums (INM CMB RMF and INM GB Governance Forum), under overall NFR framework.
For Regulatory Compliance and Legal Risks, the role holder is expected to facilitate the maintenance of an effective operational risk and control environment via the execution of the Risk and Control Assessment (RCA) process, assist Wholesale (GB and Core CMB) Control Owners to conduct Continuous Control Monitoring / Continuous Monitoring, ensure adherence to the Incident Management process and demonstrate oversight on Financial Crime Risk Governance and Oversight.
Ensure adherence to Group Standards, Regulatory and Group Audit requirements
Drive engagement of Concurrent Audit framework mandated by RBI (India's Banking Regulator) for GB and Core CMB.
Ensure effectiveness of Operational Risk frameworks via robust Risk Control Assessments, operational processes and internal controls.
Work with Risk Owners and Risk Stewards to identify the most material risks impacting the Wholesale business
Ensure Control Monitoring is in place for all Controls, aligns with the regional approach and metrics and is adhered to at a set frequency.
High quality FLoD reporting into the RMM/Governance Committees etc.
Facilitate timely closure of Issues and Actions by their Owners, or extension of target deadlines in advance of the due dates and under correct governance
Demonstrate active compliance of 'doing the right thing' including speaking up
Support Head NFR in governance deliverables including preparing and running the Risk Committees of both…