AVP Risk & Control Testing

The role of AVP - Risk & Control Testing based in Pune requires you to provide leadership to a team engaged in performing monitoring functions for multiple functions and allied services. You will have full supervisory responsibility, ensuring the motivation and development of the team through professional leadership. This includes tasks such as performance evaluation, hiring, and directing daily responsibilities. Your primary responsibility in this position will be the timely execution of the Managers Control Assessment (MCA) program. It is essential to have a good understanding of the risk & control framework and the underlying fundamentals of Risk Management. You will supervise and manage teams involved in end-to-end monitoring of controls as defined in the Risk Management policy. It is crucial to maintain oversight and monitoring of the operational risk management system and the quality of the generated data. Additionally, you will lead or participate in strategic initiatives such as control performance enhancement. Participation in leadership meetings to analyze documentation and processes to ensure risks and control points are properly addressed is also expected. You will be involved in Control & Monitoring Design Assessment (CMDA) meetings and provide expertise/guidance in drafting procedures. Proactively identifying any monitoring breaks and suggesting enhancements is key to the role. Supporting with the timeliness, accuracy, and completeness of the MCA through controls prior to the execution of a process is essential. Applying knowledge of the business, products, or services to identify and implement control points and processes throughout the business is part of your responsibilities. You will serve as a partner to the onshore team & controls group and be involved in Risk redesign or any other reengineering initiative. Conducting training and regular refresher sessions on the Risk management framework to upskill the colleagues in the team is crucial. Ensuring 100% delivery as per the agreed SLA and managing a strong stakeholder connect through regular touchpoint meetings are also part of the role. In terms of team management responsibilities, you will handle a team and ensure appropriate coaching & support is provided. Fostering an environment of learning and development, driving a strong emphasis on adherence to Citi culture, and ensuring a robust performance management system is followed are key aspects of this position. To be successful in this role, you should have 12+ years of relevant experience in Operational Risk/Enterprise Risk Management/Business Risk Management including team management. Strong knowledge of regulatory requirements related to Operational Risk/Internal controls is necessary. Demonstrated understanding of operational risk and gap identification, along with experience in at least one banking business segment, is required. Excellent verbal and written communication skills, customer focus, interpersonal skills, ability to work well in a team environment, work under pressure, manage deadlines, be self-motivated, detail-oriented, exhibit problem-solving, and decision-making skills are essential qualities for this position.,