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Risk and Control Lead

Chennai, TN
Job Code:
  • Banking & Finance
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Job Details

Business/Department Objectives Risk and Control at Chennai CSCCore ResponsibilitiesCoordinate with PMO team to ensure documentation completion for new process migrationLiaise with Central governance teams to obtain clarifications on documentation/Citi Internal policies and ensure appropriate approvals are in place and are well documentedEnsure that all documentation is completed and approvals from central governance teams are in place prior to migrationAdherence to periodic internal submissions to governance teamEnsure all required policies and procedures for existing and new products/processes/migrations are properly implemented within the businessTo address Operational deficiencies, to put in corrective action plan for issues identified and share the root cause analysis with the businessEnsuring and build a strong process of capturingand tracking control exceptions and share the trend analysisEnsure compliances to SEZ and DOT regulationsDay-to-Day ResponsibilitiesWork closely with the migration team to ensure all migrations related documents are in place prior to go liveEnsure Cross border approvals are in place and as applicableReview and support the Clients to complete the standard documentation requirementsEnsure that all annexures are filled in with relevant informationInputs to BRCC and review of ageing items/new inclusionsSupport business for performing self- assessments on timeUpdates on Operational loss along with implement process changes and additional controls to avoid re-occurrenceGovernance interaction with Site leadership team including corporate/technology functions to discuss issues/BAU status and review on Citi Policy adherence Ensure Audit readiness and client compliance requirementsRegular stakeholder meetings with Customers and Central teamKey DeliverablesPerform detailed analysis of the business partners and associated operations processes during migration and ensure appropriate documentation is availableAnalyze flows and determine best practices based on previous risk experience/knowledge, efficiencies and internal audit/compliance requirementsWhere possible ensure consistency across all countriesProactively engage with businesses to assess their risk and control environmentsWork closely with the businesses and function heads to reduce operational losses and frequency of eventsWork with the businesses, regional management and ERM when operational losses/events arise to understand the root causes and implement process changes to avoid re-occurrenceResponsible for the annual renewal of documents as applicableQualifications EducationGraduate/post graduate (Required), MBA / Professional Degree (Preferred)ExperienceA minimum of 8-10 years direct experience in an operations units. Must have experience/knowledge across most of the banking products and operations activities related to the transactionsShould have handled a Risk and Control function for a minimum of 2-3 yearsExposure to handle both internal and external auditorsHighly Proficient in using Microsoft Office (Word, Excel, PowerPoint, and Outlook)Enthusiastic team player, willing to work with colleagues towards a common goal; self-starter with the ability to take decisive actionCan conform to shifting priorities, demands and timelines through analytical and problem-solving capabilitiesPreferably with work experience within a multinational organization working with colleagues throughout Asia PacificSkillsGood communications and written skillsGood at documentationand preparing presentationsAbility to engage clients
Degree: MBA/ PGDM

Additional Degree: BA (Arts) | B.Com. (Commerce) | B.Pharm. (Pharmacy) | B.Plan. (Planning) | B.Sc. (Science) | BBA/ BBM/ BBS | BCA (Computer Application) | Diploma-Other Diploma | B.Ed. (Education) | BHM (Hotel Management)

Experience: 8-10


Finance/Budgeting | Financial Analysis | Funds Management
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