Job Title:  Deputy Manager | Risk & Control | Bengaluru | Regulatory & Financial Risk

Manager| SRT- RRF| Risk & Control

·      Location:  Bengaluru

The team

Innovation, transformation and leadership occur in many ways. At Deloitte, our ability to help solve clients’  most complex issues is distinct. We deliver strategy and implementation, from a business and technology view, to help you lead in the markets where you compete. Learn more about our Risk Regulatory & Forensic Practice.

Your work profile

Experience: 4-8 years

Role Overview:

We are looking for a skilled Risk & Control Analyst to support the risk and controls framework for enterprise-wide risk governance across key banking functions.

Key Responsibilities:

·      Support development and maintenance of Risk & Control Frameworks, including RCMs, process flowcharts, and controls documentation

·      Participate in Risk & Control Self-Assessments (RCSA) to identify inherent and residual risks, control gaps, and mitigation plans

·      Perform current-state vs target-state controls gap analysis

·      Support regulatory change programmes, impact assessments, and remediation tracking

Control Testing & Assurance

·      Execute Design Effectiveness Assessments (DEA) and Operational Effectiveness Testing (OET)

·      Document test results and work with process owners on remediation and compensating controls

·      Support ongoing control monitoring, exception tracking, and trend analysis

Risk Monitoring & Reporting

·      Monitor KRIs, control performance trends, and escalate emerging risks

·      Prepare risk and control dashboards and reports for leadership and audit stakeholders

·      Support internal and external audits and regulatory examinations

Stakeholder & Delivery Management:

·      Partner with collections operations, credit risk, compliance, and second-line risk teams Identify opportunities for process improvement, simplification, and automation

·      Provide risk awareness guidance and training to business stakeholders Ad Hoc & Strategic Initiatives

·      Support policy updates, system implementations, and remediation initiatives

·      Contribute to special projects aligned with risk transformation and control enhancement

Required Skills & Experience:

·      4-8 years in Banking Risk and controls assurance

·      Understanding of risk management principles and controls framework

·      Experience in RCSA, controls testing, KPI/KRI frameworks preferred

·      Strong understanding of data controls, lineage, and reconciliations

·      SQL, Data Lineage, Agile, Confluence, Change Management, BRD, FRD, UAT

Good to Have:

·      BCBS 239 familiarity

·      Experience in large banks or Big-4 consulting