Job Title:  Manager | Risk & Control | Mumbai | Regulatory & Financial Risk

The team

Deloitte Strategy, Risk & Transaction helps entities mitigate risk while discovering new opportunities to create value. Our end-to-end risk services span all domains, from managing strategic risks in the C-Suite to improving board oversight, and from balancing financial and environmental policies to addressing cyber threats. Learn more about Risk, Regulatory & Forensic)

Your work profile:

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

Key skills required:

• 4-8 years in Banking Risk and controls assurance, any Graduate
• 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, UA
• BCBS 239 familiarity