Senior Risk Manager, VP

Deutsche Bank AG; Bengaluru; On-site; INR 5,000,000 - 6,500,000; Full time

Benefits offered by this job

Leave policy

Parental leaves reimbursement

Sponsorship for certifications

Employee Assistance Program

Hospitalization Insurance

Life Insurance

Health screening

Job summary

Deutsche Bank AG in Bangalore, India, seeks a Vice President – Senior Risk Manager to lead model risk and AI risk governance initiatives and support regulatory objectives.

You will collaborate with stakeholders across technology and business to strengthen the firm's governance frameworks and risk appetite, while engaging regulators and audits as needed. You will drive continuous improvement of risk controls and ensure adherence to global standards and local requirements.

Qualifications

• Demonstrated expertise in Model Governance, AI Governance, and Model Risk Management within complex and highly regulated environments.
• Deep understanding of Model Risk and AI Risk regulatory expectations and industry practices.
• Experience developing and maintaining governance frameworks and management information reporting for executives.

Responsibilities

• Identify and classify models and AI use cases across business processes with risk ratings.
• Enhance model risk appetite and governance framework definitions.
• Develop and implement AI risk appetite and governance framework.
• Maintain model and AI inventory and conduct periodic attestations.
• Oversee risk assessments, monitoring, and reporting to governance committees.
• Coordinate with regulators and audits on model and AI risk topics.
• Prepare materials for governance forums and senior stakeholders.
• Collaborate with Technology and business to design AI governance workflows.

Skills

Model Governance

AI Governance

Model Risk Management

Stakeholder management

Regulatory awareness

Leadership

Strategic advisory

Cross-functional collaboration

Education

Master's degree in Finance/ Economics/ Business Administration or related

Tools

AI tools

Job description

Job Description

Job Title: Senior Risk Manager
Corporate Title: Vice President
Location: Bangalore, India

Role Description

As a Vice President – Senior Risk Manager, the role holder will act as a key contributor to the Model Risk and AI Risk Governance workstream. Supporting the delivery of the team’s strategic and regulatory objectives.

What we’ll offer you

• 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

• Identification and classification of models and AI use cases across business processes, including the assessment and assignment of inherent risk ratings in accordance with established governance standards.
• Contribute to the enhancement of DWS model risk appetite and model risk management framework definition.
• Support the development, implementation and continuous enhancement of DWS AI risk appetite and AI governance framework.
• Engage model and AI use-case owners/users/developers for the collation and ongoing maintenance of the DWS Model and AI Inventory, including the execution of periodic attestation exercises.
• Implement and oversee model risk and AI governance processes, including risk assessments, monitoring activities, and reporting to relevant governance committees and oversight forums.
• Engage with regulators and internal/external audit on model risk and AI risk management topics.
• Coordinate the preparation, consolidation, and distribution of materials for model and AI governance forums, ensuring high-quality reporting for senior stakeholders.
• Partner with Technology and business stakeholders to design, implement, and enhance the firm's strategic AI inventory and governance workflow solutions.
• Collaborate with Model Validation teams to establish validation priorities across in-house and third-party/vendor models, considering regulatory requirements, internal policies, and evolving industry standards.
• Support the management of the model approval process, administration for initial use approval, subsequent approvals and model change oversight
• Review model validation reports, findings, and recommendations, while monitoring remediation progress and providing management reporting on outstanding issues and actions.
• Support governance and workflow activities associated with the review, approval, and oversight of AI use cases prior to production deployment and throughout their lifecycle.

Your skills and experience

• Demonstrated expertise in Model Governance, AI Governance, and Model Risk Management within complex and highly regulated environments.
• Deep understanding of Model Risk and AI Risk regulatory expectations, supervisory guidance, and industry-leading practices.
• Extensive experience in developing and maintaining policies, procedures, governance frameworks, management information reporting for senior executives and oversight committees.
• Outstanding stakeholder management and interpersonal skills, with a proven ability to build trusted relationships and collaborate effectively across functions, geographies, and levels of seniority.
• Recognized as a strategic and trusted advisor, with a strong track record of leading transformational initiatives, driving organizational change, and fostering sustainable adoption of new processes, frameworks, and technologies.
• Master’s degree in Finance, Economics, Business Administration, Risk Management, Accounting, Mathematics and related discipline, or equivalent professional experience within a financial services, risk management, or regulatory environment.
• Proven ability to leverage AI tools to enhance productivity, optimise workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs.

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 at DWS are committed to creating a diverse and inclusive workplace, one that embraces dialogue and diverse views, and treats everyone fairly to drive a high-performance culture. The value we create for our clients and investors is based on our ability to bring together various perspectives from all over the world and from different backgrounds. It is our experience that teams perform better and deliver improved outcomes when they are able to incorporate a wide range of perspectives. We call this #ConnectingTheDots. For over 150 years, our dedication to being the Global Hausbank for our clients has been driven by our people – in around 60 countries and across more than 150 nationalities. Their deep understanding, insights, expertise, and passion help our clients navigate an increasingly complex world – be it in our Corporate Bank, our Private Bank, our Investment Bank or our Asset Management (DWS) division. Together we can make a great impact for our clients at home and abroad, securing their lasting success and financial security.

More information at: Deutsche Bank Careers (db.com)