Operational Risk Specialist

1 week ago


Pune, Maharashtra, India Poonawalla Fincorp Full time

Job Title: Risk and Control Self Assessments (RCSA) Specialist

Company: Confidential

  • Carry out Risk and Control Self Assessments (RCSA) for assigned Units to ensure compliance with processes and policies.
  • Identify inherent and residual risks in processes using RCSA, discuss with stakeholders, and create action plans.
  • Provide critical input on new products/processes, highlight Operational Risks, and suggest additional controls.
  • Monitor Key Risk Indicator (KRI) trends, collaborate with Lead - ORM to enhance KRIs within acceptable levels.
  • Develop and maintain Organizational risk repository, issues, actions, and control library.
  • Enhance Risk Control Matrix (RCM) for annual Internal Financial Controls (IFC) review and conduct control testing.
  • Manage operational risks from outsourcing activities, review gaps, and provide recommendations.
  • Maintain operational loss data, perform Root Cause Analysis (RCA), and recommend enhancements to prevent future losses.
  • Create training modules to foster a strong risk culture within the organization.
  • Conduct Branch assurance visits as per the plan to address identified gaps in collaboration with process owners.

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