Risk Specialist – Operational Risk (ESG & Cross Risk Types)

Deutsche Bank is seeking a Risk Specialist in Operational Risk focusing on ESG at their Maharashtra, India location. The role involves managing operational risks, collaborating across divisions, and supporting the bank's risk management approach to ESG. The candidate will engage with senior stakeholders and deliver projects related to risk management. This position offers various employee benefits, including a flexible leave policy and support for education and certifications.
This job is with Deutsche Bank, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.
Position Overview
Division Overview



Deutsche Bank ("the bank”) views sustainability, which encompasses environmental, social, and governance ("ESG”) aspects, as a key opportunity. It is a central component of our “Compete to win" strategy and we are increasingly embedding sustainability into our products, policies, and processes.
The Chief Risk Office function has Group-wide responsibility for the management and control of all credit, market, operational, reputational, enterprise and liquidity risks and has the responsibility of continual development of methods for risk measurement, frameworks and creating a bank wide strong risk culture.
Operational Risk Management ('ORM') is a department within the Risk Division. As a Second Line of Defence function, ORM is responsible for oversight across all aspects of operational risk, including risk identification and assessment, control framework, risk appetite and scenario analysis.
The role sits in the ORM Environmental, Social & Governance ('ESG') Risk Management team. The team is responsible for the integration and ongoing risk management of ESG within the ORM frameworks, including the associated policies, policy adherence, risk appetite, metrics, reporting and minimum control standards.

Role Description

This is an exciting opportunity for a high-calibre individual to perform a proactive risk management role to support setting the bank's operational risk management approach to ESG. The candidate will focus on identifying, assessing and monitoring events, controls and risks common to multiple operational cross-risk types.
The topic requires close collaboration across both Business Divisions and Control Functions given the broad scope of the topic and would suit an individual who can think strategically across risk matters, relate them to risk management and then work across the organisation to help support the bank's risk management capabilities.
The candidate will be exposed to senior stakeholders across all regions and businesses in the Bank. They will be responsible for owning several key tasks and delivering projects that are presented to senior management and oversight committees, working closely with a varied and global DB network. This role would be an excellent opportunity for any experienced Risk Manager who has a good awareness of ESG and ORM Framework and is keen to develop an in-depth understanding of how to apply these to risk management in a global financial institution.

What We’ll Offer You
As part of our flexible scheme, here are just some of the benefits that you’ll enjoy,

Best in class leave policy.
Gender neutral parental leaves
100% reimbursement under childcare assistance benefit (gender neutral)
Sponsorship for Industry relevant certifications and education
Employee Assistance Program for you and your family members
Comprehensive Hospitalization Insurance for you and your dependents
Accident and Term life Insurance
Complementary Health screening for 35 yrs. and above

Your Key Responsibilities

Playing a critical role in developing the bank's operational risk control environment for ESG and broadly cross-risk type considerations. This can include:

supporting the embedding of ESG & cross-risk types within the bank's operational risk type frameworks
challenging the bank's cross-risk type operational risk control and governance landscape whilst providing constructive proposed solutions

Operating to identify, assess, and manage events, risks, and controls common to multiple cross-risk types (XRTs), starting with ESG-related considerations and subsequently expanding to other operational risk types.

Implementing and enhancing key risk management framework components, such as scenario analysis, external event management, identifying effective risk drivers, and establishing robust control objectives across various XRTs.

Regularly reviewing and challenging the control framework to ensure alignment with evolving laws and regulations, actively working to avoid inconsistency in terms of control objectives or instances across different XRTs and promote efficiency.

Providing updates to senior stakeholders and forums on key ESG initiatives

Other tasks include analytical deep-dives, change initiatives, maintaining stakeholder dialogue and support for the team as projects arise.


Your Skills And Experience
The ideal candidate will have:

Experience in ESG and/or Sustainability risk m