Lead - Operational Risk Management - Retail Assets - Bank (14-20 yrs)

4 weeks ago

Mumbai, India iimjobs Full time

Lead ORM - Retail Assets


Given below the position details with a Leading Bank :

Position : Lead ORM - Retail Assets

Grade : VP & above

Location : BKC Mumbai

Job Purpose :

ORM is the second line of defense which ensures all the Risk highlighted by the Business are effectively being monitored and relevant controls are in place to mitigate the Risk.

The role is responsible to lead the ORM activities of the Retail Assets vertical of the Bank.

Role & Responsibilities :

Primary Responsibilities :

Lead the Retail Assets (including Digital & Fintech based Lending) by assessing the quantum of operational risk, providing a view on the level of exposure relative to risk appetite and advising on risk mitigation. The primary responsibilities would be to assess, measure, monitor and control and report operational risks (OR) for the various Retail Assets functions and evaluate whether the risk management practices are in line with the operational risk framework and policies.

- Activities includes but not limited to:

~ Review and approve new product/product variant rollouts prior to launch and highlight operational risks associated as part of forward looking risk management

~ Defining of Standard Operating Procedures (SOPs), Risk Registers, KRIs and monitoring them.

~ Review of the process and highlight key operational risk and control to mitigate and monitor residual risk.

~ Analyzing of Incidents being reported and verifying the Corrective and Preventive actions.

~ To conduct the Risk & Control Self Assessment for various units and publish major issues and recommendation basis testing results

- Conduct ad-hoc thematic reviews basis directions from various Committees / Businesses for Retail Assets domain.

- Support the Head - Operational Risk to rollout the operational risk framework and strategy for the Bank within an agreed timeframe with particular emphasis on the risk and control self-assessments. This includes defining the Operational Risk governance, top risks reporting, risk appetite & tolerance metrics, strong control inventory framework, capital assessment as per the Basel norms and various reporting.

- Support the Operational Risk Head to manage and constantly enhance the Operational Risk Management Committee reports to ensure the dashboard on risk performance is well developed and appropriate

- Manage and participate in various Business Operational Risk Management committees and ensue risk profile of the Retail Asset functions are monitored and reported in line with the framework

- Own and drive the process of embedding the operational risk framework throughout the Retail Asset areas and contribute to the risk and control culture of the organization through knowledge sharing and awareness on the importance of risk management

- Give quality advice, guidance and training to the business lines so that the business owners and BORM's can manage its risks and meet its regulatory obligations

- Promote an appropriate culture of awareness and attention to OR throughout the bank in line with evolving regulatory requirements by embedding the three lines of defense and enhancing the OR reporting and governance.

Secondary Responsibilities :

~ Working on various projects and actionable as and when advised by the senior management.

~ Working on various internal projects to enhance the productivity of the department.

~ Suggesting and implementing the best industry practices.

~ Knowledge of Retail Advances is highly recommended.

Managerial & Leadership Responsibilities :

~ Build and maintain credible relationships with internal and external stakeholders including external and internal audit.

~ Engage with Stakeholders at Senior Management levels, Business Operational Risk Managers (BORM) and Risk & Compliance functions providing support for risk-based decision making and assurance that controls are functioning well within the first line of defense.

Key Success Metrics :

- Adherenece to the bank defined framework of the Operational Risk Management.

- As per the metric defined from time to time in the KRAs.

  • Operational Risk Practitioner

    9 hours ago

    Mumbai, India IDFC FIRST Bank Full time

    **Job Title**: Operational Risk Practitioner **Place of Work**: Mumbai **Business Unit**: Enterprise Risk Department - Operational Risk Management **Role**: Support the risk and operations functions for the Retail Assets (including Digital & Fintech based Lending and related Operations) by assessing the quantum of operational risk, providing a view on the...

  • Operational Risk Practitioner

    4 days ago

    Mumbai, India IDFC FIRST Bank Full time

    Job Title - Analyst Place of work - Mumbai Business Unit - Risk Function - Enterprise Risk Management **Job Purpose**: The role entails leading the operational risk management activities at the enterprise level. It will be responsible for designing/redesigning strategies to ensure effective coverage of operational risk and that the asset portfolio is in...

  • Executive Assistant

    4 days ago

    Andheri, Mumbai, Maharashtra, India CSB Bank Full time

    Executive Assistant - Retail Assets (Loc...MFT8058 - Retail BankingAndheri Office - Required Experience - 10 - 15 Years -Posted On - 22 Nov 2023 Basic Section No. Of Openings - 3 - Grade - NA1 - Designation - Others - Closing Date - 31 Dec 2023 - Organisational Organisation - CSB Bank - Organization Unit - Retail & SME (Business And Risk), Operations &...

  • Operations - Officer - Retail Asset Customer Service

    1 day ago

    Mumbai, Maharashtra, India HDFC Bank Full time

    **Group Company**: HDFC Bank Limited **Designation**: Operations - Officer - Retail Asset Customer Service **Office Location**: CHEMBUR - SION TROMBAY ROAD Mumbai (Branch) **Position description**: Operations - Officer - Retail Asset Customer Service **Primary Responsibilities**: - Preparing standard responses - Preparing Holding responses - Daily...

  • Technology Delivery Lead- Retail Assets

    4 weeks ago

    Mumbai, India IDFC FIRST Bank Full time

    Role/ Job Title:  Technology Delivery Lead- Retail Assets Function/ Department:  Information Technology Job Purpose: The role entails the responsibility to provide technical leadership for projects throughout the project delivery lifecycle. It will include the creation of technical documentation, ensuring proper resourcing and skills on the...

  • Retail Data Analyst

    6 days ago

    mumbai, India IDFC FIRST Bank Full time

    Role/ Job Title:  Data Analyst Function/ Department:  Retail Banking Job Purpose: The role holder has the responsibility to review performance of all retail asset products and continuously monitor risk across the portfolio. It entails the responsibility to automate the process and implement tools and frameworks to adhere to the statutory...

  • Retail Data Analyst

    5 days ago

    Mumbai, India IDFC FIRST Bank Full time

    Role/ Job Title:  Data Analyst Function/ Department:  Retail Banking Job Purpose: The role holder has the responsibility to review performance of all retail asset products and continuously monitor risk across the portfolio. It entails the responsibility to automate the process and implement tools and frameworks to adhere to the statutory guidelines...

  • Specialist, Credit Risk Management, Consumer Banking

    4 weeks ago

    Mumbai, India DBS Bank Full time

    Business Function Risk Management Group works closely with our business partners to manage the bank’s risk exposure by balancing its objective to maximise returns against an acceptable risk profile. We partner with origination teams to provide financing, investments and hedging opportunities to our customers. To manage risk effectively and run a...

  • Specialist, Operational Risk Management

    3 weeks ago

    mumbai, India DBS Bank Full time

    Specialist, Operational Risk Management-(WD57200) Risk Management Group works closely with our business partners to manage the bank’s risk exposure by balancing its objective to maximise returns against an acceptable risk profile. We partner with origination teams to provide financing, investments and hedging opportunities to our customers. To manage risk...

  • Specialist, Operational Risk Management

    4 weeks ago

    Mumbai, India DBS Bank Full time

    Specialist, Operational Risk Management-(WD57200) Risk Management Group works closely with our business partners to manage the bank’s risk exposure by balancing its objective to maximise returns against an acceptable risk profile. We partner with origination teams to provide financing, investments and hedging opportunities to our customers. To manage risk...

  • Team Lead, Technology, Project Management, Consumer Banking

    3 weeks ago

    Mumbai, India DBS Bank Full time

    Business FunctionAs the leading bank in Asia, DBS Consumer Banking Group is in a unique position to help our customers realise their dreams and ambitions. As a market leader in the consumer banking business, DBS has a full spectrum of products and services, including deposits, investments, insurance, mortgages, credit cards and personal loans, to help our...

  • Relationship Manager

    4 weeks ago

    Mumbai, India Standard Chartered Bank Full time

    RESPONSIBILITIES Strategy RELATIONSHIP MANAGEMENT   Build and deepen relationships with existing Priority Customers to achieve increase in share of wallet and revenues. Provide professional customer service to achieve a high percentage of customer satisfaction and retention. Manage the portfolio to de-risk against attrition and achieve...

  • Risk Analyst, Technology Assurance role For a Leading Bank

    3 weeks ago

    mumbai, India Skill Ventory Full time

    Roles and Responsibilities Roles and Responsibilities Meet the needs of key internal and external risk processes, reporting schedules, stakeholders and regulatory authorities in delivering assurance activities as per below: 1. Partner with business and technology stakeholders to ensure bank’s people, processes, and technologies comply with...

  • Head - Software Project - Retail Assets & Liabilities Domain (20-30 yrs)

    3 weeks ago

    Mumbai, Maharashtra, India iimjobs Full time

    In-depth understanding of financial software solutions and technology trends in banking. Strong demonstrable leadership qualities to manage large teams. Thorough understanding of banking business processes. Ability to decipher guidelines in the regulatory framework. Strong negotiation and communication skills. Firm decision making ability in highstress...

  • Retail Assets

    1 week ago

    Uran, Navi Mumbai, Maharashtra, India HDFC Bank Full time

    Department - Retail Assets - Gold Loan - Job posted on - Jul 1, 2023 - Employee Type - Permanent-Sales Vertical - Experience range (Years) - 1 year - 3 years **Group Company**: HDFC Bank Limited **Designation**: Retail Assets - Gold Loan - Sales officer (49_2230_100015) **Office Location**: ISLAMPUR-URAN Uran Islampur (Branch) **Position...

  • Manager/Senior Manager

    4 weeks ago

    Mumbai, India iimjobs Full time

    Manager / Sr Manager - Retail Asset SolutionsAbout Business Solutions Group (BSG):Business Solutions Group in any bank plays a very vital role in designing, developing and implementing technology enabled solutions which are robust, stable, efficient and scalable. This Unit performs a 360 degrees role in designing solutions which are customer focused,...

  • Regional Head

    2 weeks ago

    Mumbai, India Indbank Global Support Services Limited Full time

    As a Regional Asset Head at Indian Bank's Wholly owned subsidiary, you will play a strategic role in shaping the financial landscape at regional level. Reporting directly to Head of Retail Assets, you will be responsible for assessing and evaluating financial performance of Retail Assets Business focusing vehicle loan and other loan products like Gold...

  • Team Lead, Technology, Project Management, Consumer Banking

    4 weeks ago

    mumbai, India DBS Bank Full time

    Business Function As the leading bank in Asia, DBS Consumer Banking Group is in a unique position to help our customers realise their dreams and ambitions. As a market leader in the consumer banking business, DBS has a full spectrum of products and services, including deposits, investments, insurance, mortgages, credit cards and personal loans, to...

  • Team Lead, Technology, Project Management, Consumer Banking

    4 weeks ago

    Mumbai, India DBS Bank Full time

    Business Function As the leading bank in Asia, DBS Consumer Banking Group is in a unique position to help our customers realise their dreams and ambitions. As a market leader in the consumer banking business, DBS has a full spectrum of products and services, including deposits, investments, insurance, mortgages, credit cards and personal loans, to help...

  • Market Risk Analys

    3 days ago

    Mumbai, India Deutsche Bank Full time

    **Job Title **Risk Analyst **Location **Mumbai, India Market and Valuation Risk Management (MVRM) provides an independent view of market risks and valuation to Deutsche Bank’s senior management. Market risk team manages Deutsche Bank’s Market Risk position in an independent and neutral way. You will be a part of the Market Risk Analysis and Control...