Business Risk & Governance Manager

Description

Role Responsibilities

Risk & Control Framework

• Design, implement, and continuously enhance the Business Risk & Governance framework for UP by CBD, covering onboarding, servicing, lending, and portfolio management activities.
• Lead the development and maintenance of Risk & Control Self Assessments (RCSA), ensuring control adequacy across all operational processes.
• Define and execute control testing programs, including periodic reviews to assess effectiveness of key controls.
• Identify control gaps, emerging risks, and process vulnerabilities, driving remediation actions and ensuring timely closure.

Regulatory Compliance & Financial Crime Oversight

• Ensure alignment with AML/CFT, sanctions screening, onboarding due diligence, and ongoing monitoring requirements across the customer lifecycle.
• Oversee governance of Compliance RFIs, ensuring proper execution of processes related to customer engagement, response validation, and escalation protocols.
• Ensure adherence to anti-tipping-off requirements and regulatory communication standards across all customer interactions.
• Partner with Compliance, FCC, and Risk teams to address regulatory requirements and implement policy changes.

Onboarding & Portfolio Risk Governance

• Provide governance oversight of the digital onboarding journey, ensuring controls related to identity verification, screening, dedupe checks, and application decisioning are robust and compliant.
• Monitor risks arising from STP onboarding processes, automated screening, and manual intervention points.
• Oversee portfolio-level monitoring, including classification, early warning indicators, and risk segmentation.
• Drive enhancement of ongoing due diligence and periodic review frameworks for the UP customer base.

Operational Risk & Process Assurance

• Work closely with Operations, Product, and Technology teams to ensure all processes are documented through SOPs, mapped end-to-end, and aligned with risk frameworks.
• Ensure operational risk assessments (ORA) and control validations are embedded into all new product launches, features, and change programs.
• Validate that risk controls are incorporated in system design, workflows, and automation initiatives.

Governance, Reporting & Committees

• Develop and maintain risk MIS, dashboards, and governance packs covering key metrics such as incident volumes, SLA adherence, control performance, and risk trends.
• Present insights and risk updates to senior management, risk committees, and governance forums.
• Track and report residual risks, ensuring appropriate acknowledgment, mitigation, and escalation.

Digitization & Continuous Improvement

• Act as a key contributor to the digitization of risk and governance processes, ensuring controls are scalable in a high-volume, low-cost operating model.
• Partner with Technology to enable automation of control testing, monitoring, and reporting.
• Continuously identify opportunities for process simplification while maintaining strong control integrity.

Stakeholder Management

• Collaborate with Compliance, Fraud Risk, Operational Risk, Product, Technology, Customer Support, and Finance teams to ensure end-to-end alignment.
• Act as a central point of coordination for risk-related queries, audits, and regulatory reviews.
• Build strong cross-functional relationships to ensure consistent application of governance standards.

Qualifications

• Bachelor’s degree in Business, Finance, Risk Management, or related field
• Professional certifications in Risk, Compliance, or Audit (e.g. CAMS, FRM, CIA) preferred
• 8–10+ years of experience in banking risk, compliance, or operational risk roles
• Strong experience in digital banking, SME banking, or transformation programs preferred
• Proven track record in RCSA, control testing, and governance frameworks
• Experience working with cross-functional teams including Product, Technology, and Compliance
• Strong understanding of Business Banking products, customer lifecycle events, AML/CFT, KYC, and regulatory frameworks
• Expertise in operational risk, control design, and process governance
• Strong analytical and problem-solving capabilities
• Advanced stakeholder management and communication skills
• Experience with MIS, dashboards, and data-driven risk monitoring