Manager - Operational Risk - NBFC
4 weeks ago
Operational Risk Manager
Location: Chennai
Experience: 10-13+ years
Key Responsibilities:
- Identify, assess, and prioritize operational risks across the organization.
- Conduct regular risk assessments, including RCSA (Risk Control Self-Assessment) and KRIs (Key Risk Indicators).
- Develop and maintain a comprehensive risk register.
- Implement effective risk mitigation strategies and controls.
- Monitor and review control effectiveness to ensure they are operating as designed.
- Develop and implement policies and procedures to minimize risk exposure.
- Stay updated with regulatory changes and ensure compliance with RBI, IRDAI, and other relevant regulations.
- Conduct regular compliance reviews and audits.
- Work with regulatory authorities to address any compliance issues.
- Collect, analyze, and report operational loss data.
- Identify trends and patterns in loss data to improve risk management.
- Implement measures to reduce operational losses.
- Assess and manage risks associated with third-party vendors.
- Conduct due diligence on third-party providers.
- Monitor third-party performance and compliance.
- Promote a strong risk culture within the organization.
- Conduct regular risk awareness training sessions.
- Encourage a proactive approach to risk management.
Required Skills and Experience:
- 10-13+ years of experience in risk management, preferably in the NBFC sector.
- Strong understanding of operational risk management frameworks and methodologies.
- Knowledge of regulatory requirements, especially RBI and IRDAI regulations.
- Strong analytical and problem-solving skills.
- Excellent communication and interpersonal skills.
- Ability to work independently and as part of a team.
- Proficiency in risk management tools and techniques
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