Join our dynamic team in Hyderabad as a Deputy Manager in Risk & Control, focusing on Regulatory & Financial Risk. This role is integral to Deloitte's Strategy, Risk & Transaction practice, where we empower entities to navigate risks and seize new value-creation opportunities. You will contribute to a comprehensive suite of risk services, addressing everything from strategic C-suite challenges to cyber threats and financial policy balancing.

This position offers a chance to work within a leading global professional services firm, contributing to critical risk and control initiatives. If you are passionate about safeguarding business integrity and driving operational excellence, this opportunity is for you.

Key responsibilities include supporting the development and upkeep of Risk & Control Frameworks, such as RCMs, process flowcharts, and control documentation. You will actively participate in Risk & Control Self-Assessments (RCSA) to pinpoint inherent and residual risks, identify control gaps, and formulate mitigation strategies.

This role also involves conducting current-state versus target-state control gap analyses and supporting regulatory change programs, impact assessments, and remediation tracking. Additionally, you will execute Design Effectiveness Assessments (DEA) and Operational Effectiveness Testing (OET), documenting findings and collaborating with process owners on remediation efforts. Monitoring KRIs, control performance, and escalating emerging risks are also crucial aspects of this position.

We are seeking an experienced professional with 4-8 years in Banking Risk and controls assurance. A strong understanding of risk management principles and control frameworks is essential. Experience with RCSA, controls testing, and KPI/KRI frameworks is highly preferred, alongside a solid grasp of data controls, lineage, and reconciliations.

Proficiency in SQL, Data Lineage, Agile, Confluence, Change Management, BRD, FRD, and UAT is required. Familiarity with BCBS 239 is considered an advantage. A graduate degree is a minimum requirement for this role.