Job Overview
The Control Management Director will lead the control management function within Wholesale US Banking, ensuring robust risk management practices are implemented across all business lines. This role will be responsible for overseeing the identification, assessment, and mitigation of risks, and will collaborate with various stakeholders to enhance the overall control environment. The ideal candidate will have extensive experience in risk management, compliance, and internal controls within the banking sector.
Key Responsibilities
- Risk Assessment: Develop and implement a comprehensive risk assessment framework to identify potential risks across wholesale banking operations.
- Control Framework: Design and maintain a robust control framework that aligns with regulatory requirements and industry best practices.
- Monitoring and Reporting: Establish monitoring processes to assess the effectiveness of controls and provide regular reports to senior management and regulatory bodies.
- Collaboration: Work closely with business units, compliance, and audit teams to ensure a cohesive approach to risk management and control.
- Policy Development: Develop and review policies and procedures related to risk and control management to ensure compliance with regulatory standards.
- Training and Awareness: Provide training and support to employees on risk management practices and control procedures to foster a culture of compliance.
- Incident Management: Lead investigations into control breaches and incidents, ensuring timely remediation and reporting.
- Stakeholder Engagement: Serve as a key point of contact for regulatory authorities and internal stakeholders regarding control management issues.
- Lead a group of 7 direct reports, including both People Managers and Individual Contributors, fostering an environment of excellence in risk and control.
- Collaborate closely with stakeholders across the US and India to align risk and control processes effectively.
- Drive regulatory compliance and promote industry-leading practices in risk and control management.
Qualifications
- Education: Bachelor's degree in Finance, Business Administration, Risk Management, or a related field; Master's degree or relevant certifications (e.g., CPA, CFA, CISA) preferred.
- Experience: Minimum of 13 years of experience in risk management, internal controls, or compliance within the banking or financial services industry, with at least 10 years in a leadership role.
- Knowledge: In-depth knowledge of banking regulations, risk management frameworks, and control best practices.
- Skills: Strong analytical, problem-solving, and decision-making skills; excellent communication and interpersonal abilities; proficiency in risk management tools and software.
- Leadership: Proven ability to lead cross-functional teams and manage complex projects in a fast-paced environment.
