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Technology Risk Management
MNC Bank
Technology Risk Management
MNC Bank's logo

Technology Risk Management

at MNC Bank

Agency job
10 - 15 yrs
₹48L - ₹50L / yr
Mumbai
Skills
Risk Management
info-sec
Information security
Audit

Business Function

Technology and Operations (T&O) enables and empowers the bank with an efficient, nimble and resilient infrastructure through a strategic focus on productivity, quality & control, technology, people capability and innovation. In Group T&O, we manage the majority of the Bank's operational processes and inspire to delight our business partners through our multiple banking delivery channels.

Job Purpose

  • This is to manage risks for LOBTs acting as Line 1 risk manager

Key Accountabilities

  • Assist Line of Business Technology in managing technology and operational risks
  • Drive and ensure regulatory compliance for the LOBT
  • Liaise and co-ordinate audit activities involving the LOBT
  • Issue & Action management for LOBT including is impacted (across external and internal audits and reviews and excluding IT Information Security) and action planning.
  • Engagement across Technology verticals, Operations, Business, Compliance to prioritize, plan, act, prove, close all open findings within committed timelines.
  • Scan regulatory requirements, circulars to ensure forward planning and execution for compliance. This includes Singapore and India regulatory requirements.
  • Prepare, maintain and conduct control testing for units Risk Control Self Assessments (RCSAs)
  • Outsourcing Risk assessment for the LOBT
  • Monitor risk issues and incidents for LOBT

Job Duties & Responsibilities

  • Liaise with stakeholders within and outside bank, including at Group level to have a comprehensive view of all Technology Risks.
  • Engage with Technology verticals and others as appropriate within bank to progress on closure of all open points.
  • Engage with Compliance, understand the regulatory requirements at country and group level, and add these to the action points which Technology must ensure.
  • Early identification of execution challenges in risk mitigation actions and being an effective catalyst with Technology teams and seniors to resolve bottlenecks such as cost or resource approvals, conflicting priorities.
  • Risk assessment for LOBT covering partners, external environment and identify potential risks such as relating to scale-preparedness, DR & BCP support for the organization, code quality in terms of testing and deployment governance.
  • Regular updates as per agreed rhythm, and fronting dialogues with stakeholders/LOBT, to highlight process on Risk Management and Risk Mitigation.
  • Liaise with relevant departments to ensure awareness of Technology Risk within the Banking India Technology Team, and partner for this awareness across India.
  • Liase with Line of Business Risk in the region and co-ordinate efforts for the LOBT landscape used by India.


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