Associate Director, Second Line Assurance (2LA) (India, Malaysia)

Full-time - Mid Level

Bangalore, IN

Credit Intermediation and Related Activities

About the position

The Associate Director, 2LA is responsible for executing risk-based Assurance Reviews in accordance with the approved reviews plan and 2LA Methodology, focusing on Systems and Data Risks related reviews. Working knowledge of data management risks (e.g., data quality, privacy, etc.) and experience in performing review of systems functionalities to ensure it fits for purpose are preferred.

Responsibilities

• Collaborate with and support their Head of Assurance, directly contributing to the overall strategy of the function through the development of the 2LA Annual Plan.
• Responsible for quality execution and timely delivery of the Plan.
• Proactively identify and communicate emerging risks as input to any periodic risk-based review of the Plan.
• When leading a Review, communicate outcomes from Assurance Review to relevant stakeholders and support them in developing mitigating actions to correct identified issues.
• Execute assigned review tasks within the designated business area; identify and record potential issues and ensure that these are formally evaluated according to the Methodology.
• Actively engage in the Review processes, taking every opportunity to develop their knowledge and understanding of SCB Business and the execution of Assurance while delivering their tasks.
• Ensure that key changes (to laws, rules, regulations) relevant to the execution of Assurance activities are communicated and cascaded to team members in their area of responsibility.
• Collect relevant information to develop risk-based assurance reviews to deliver consistency and efficiency across the consolidated plan.
• Analyse the relevant principal risk types and risk assessment for the assigned Review; and maintain constant engagement with the first, second and third-line stakeholders.
• Manage all scoping and end-to-end execution of the Review either under the supervision of a Team Manager or independently as Team Lead.
• Ensure that all workpapers and other documentation required for the assigned Reviews are completed timely and adhere to the quality standards required by the 2LA Methodology.
• Track issues throughout the issue lifecycle and provide periodic status update in the Assurance system.
• Promote 2LA co-operation and partnership with auditors, regulators, peers and industry.
• Monitor quality standards for Review and take action to drive performance improvement where required.
• Capture and communicate insights arising from Review execution; actively engage in driving improvement of the Methodology.
• Promote the culture and practice of compliance with compliance standards within the Bank.
• Make recommendations to relevant stakeholders on possible risk management responses to identified risks and/or issues from assurance reviews.
• Swiftly escalate significant risks and issues arising from Assurance activities by notifying their Head of Assurance.
• Provide accurate, timely and insightful reporting on 2LA standards and operational performance.

Requirements

• Bachelor's degree or Equivalent required.
• Auditing, Operational Risk, Compliance, Financial Crime Compliance background required.
• Experience performing walkthroughs, risk assessments of the internal control environment, testing controls and performing substantive testing.
• Working knowledge of data management risks (e.g., data quality, privacy, etc.) and experience in performing review of systems functionalities.
• Previous audit or assurance experience with a minimum of 8-10 years in operational risks, compliance, or risk management reviews/testing.
• Strong analytical skills and controls assessment, confidence in interrogating data and in managing stakeholders.
• Excellent oral and written communication skills - ability to present complex information clearly and concisely.
• Takes responsibility, ownership and accountability for own tasks and work output.
• Demonstrate a risk-based approach to focus on key risks and sound judgements.

Nice-to-haves

• CFCC 10 Core Technical Competencies.
• Planning: Tactical, Strategic.
• Process Improvement.
• Relationship Management.

Benefits

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days).
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform.
• A continuous learning culture to support your growth, with opportunities to reskill and upskill.