Deputy Manager | Risk & Control | Chennai | 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 and 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, UAT

Good to Have:

· BCBS 239 familiarity