Operational Risk Management (ORM), Senior Analyst - AVP

Deutsche Bank; Mumbai City; On-site; INR 2,800,000 - 4,200,000; Full time

Benefits offered by this job

Leave policy

Parental leaves

Childcare reimbursement

Certifications sponsorship

Employee Assistance Program

Hospitalization Insurance

Term life Insurance

Health screening

Job summary

Deutsche Bank AG in Mumbai, India seeks an Operational Risk Management (ORM) Senior Analyst - AVP to oversee the ORM framework for U.S. Private Banking, manage risk events, and drive remediation tracking.

You will draft and maintain policies and deliver MI and dashboards for Risk Forums, ensuring governance and regulatory alignment. The role emphasizes collaboration with 1st and 2nd Line of Defence, handling risk indicators, incident tracking, and escalation.

Qualifications

• Strong understanding of Operational Risk Management frameworks, including RCSA, issue and findings management, event management, and remediation tracking.
• Drafting and maintaining policies, procedures, and control documentation, ensuring alignment with governance standards and regulatory requirements.
• Proven experience in risk reporting and management information (MI), including dashboards, governance materials, and presentations for senior stakeholders.
• Solid knowledge of regulatory expectations, non-financial risks, and control environments.
• Strong stakeholder management and communication skills across 1st and 2nd Line of Defence.
• Ability to coordinate with multiple stakeholders and manage end-to-end projects.

Responsibilities

• Provide hands-on support and oversight for U.S. Private Banking ORM activities, including RCSA, issue and findings management, event management and remediation tracking.
• Draft, document, and maintain U.S. Private Banking policies, procedures, manuals, and control documentation.
• Support production and delivery of operational risk reporting and MI, including dashboards and governance materials for Risk Council.
• Maintain subject matter expertise on operational risk topics relevant to U.S. Private Banking and regulatory expectations.
• Collaborate with 1st and 2nd Line of Defence to ensure timely completion of activities and adherence to framework requirements.
• Support implementation of new or updated ORM requirements and their integration into processes.
• Identify and elevate emerging risk issues with clear analysis and recommendations.
• Trade Surveillance: assist in monitoring capital markets activity for compliance.
• Transaction Monitoring: AML monitoring across wires, ACH, cross-border activity and high-risk jurisdictions.

Skills

Operational risk frameworks

Policy drafting

MI reporting

Regulatory knowledge

Stakeholder management

Project coordination

Job description

Job Description:

Job Title: Operational Risk Management (ORM), Senior Analyst - AVP

Location: Mumbai, India

Role Description

• As an ORM Senior Analyst supporting the Business Supervisory Office (BSO), you will provide support in overseeing the Operational Risk Management Framework and proactively manage a range of operational risks inherent to the business including non-financial risks, conduct and control matters and regulatory developments relevant to the U.S. Private Banking business.
• Perform quality assurance reviews of Operational Risk (OR) forms submitted by 1LoD, ensuring accuracy, completeness, and compliance with governance standards; assess incidents to determine applicability for Event Management (EMAPP) reporting and drive appropriate escalation where required.
• Maintain and oversee the centralized Operational Risk incident tracker, ensuring accurate recording, monitoring, and timely follow-up of risk events and remediation actions, while developing high-quality management information (MI), including event analysis and presentations for Risk Forums to support informed decision-making.
• Identify opportunities to enhance existing processes and controls, including leveraging automation to improve efficiency, strengthen the control environment, and drive consistency in risk management practices.

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 childcare assistance benefit (gender neutral)
• 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

Your key responsibilities

• Provide hands-on support and oversight for U.S. Private Banking Operational Risk Management activities, including Risk & Control Self-Assessments (RCSA), issue and findings management, operational risk event management and remediation tracking to ensure alignment with the Operational Risk Management Framework (ORMF)
• Draft, document, and maintain U.S. Private Banking-specific policies, procedures, manuals, and control documentation, ensuring consistency with internal governance standards and regulatory requirements.
• Support the production and delivery of operational risk reporting and management information, including dashboards, governance materials for forums such as the Risk Council to enable effective oversight and risk-based decision-making.
• Maintain subject matter expertise on operational risk topics relevant to U.S. Private Banking, including regulatory expectations, emerging risks, and internal governance frameworks to provide informed guidance and support to stakeholders.
• Collaborate closely with 1st Line and 2nd Line of Defence stakeholders to ensure timely completion of operational risk activities, deliverables, and adherence to framework requirements
• Support the implementation of new or updated operational risk and control requirements, ensuring effective integration into existing processes and alignment with business and regulatory expectations.
• Proactively identify, assess, and elevate sensitive or emerging operational risk issues, providing clear analysis and well-reasoned recommendations to support informed decision-making and effective risk mitigation
• Trade Surveillance: Support the surveillance of capital markets trading activity to identify potential market abuse, including front running, pump-and-dump and market manipulation, and review transactions for adherence to client suitability, best-interest and applicable regulatory requirements.
• Transaction Monitoring: Conduct AML transaction monitoring across wires, ACH and cross-border activity, including higher-risk jurisdictions and Russian-nexus clients; review transaction and CAM alerts, assess activity against expected client profiles, investigate potential AML indicators and elevate matters requiring further review.

Your skills and experience

• Strong understanding of Operational Risk Management frameworks, including RCSA, issue and findings management, event management, and remediation tracking with the ability to apply these effectively in a dynamic business environment
• Demonstrated ability in drafting and maintaining policies, procedures, and control documentation, ensuring alignment with internal governance standards and regulatory requirements.
• Proven experience in risk reporting and management information (MI), including preparation of dashboards, governance materials, and presentations for senior stakeholders
• Solid knowledge of regulatory expectations, non-financial risks, and control environments, with the ability to interpret and apply evolving regulatory requirements to business processes
• Strong stakeholder management and communication skills, with experience working collaboratively across 1st and 2nd Line of Defence teams and effectively escalating and managing emerging risk issues.
• Ability to co-ordinate with multiple stakeholders and manage projects/tasks on an end-to-end basis

How we’ll support you

• Training and development to help you excel in your career
• 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

About us and our teams

Please visit our company website for further information:

https://www.db.com/company/company.html

We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.

Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.

We welcome applications from all people and promote a positive, fair and inclusive work environment.