Manager - Operational Risk Management

1 week ago

Mumbai, India Workassist Full time

Position: Manager, Operational Risk Management

Work Level: Middle Management

Industry: Banking

Function: Banking Operations

Job Summary


We are seeking a Manager, Operational Risk Management with expertise in banking operations and a strong understanding of risk and compliance frameworks. The ideal candidate will be a hands-on leader responsible for managing operational risks and events within the Consumer Banking Group (CBG). This role is crucial for ensuring adherence to governance frameworks, conducting risk reviews, and facilitating the Risk and Control Self-Assessment (RCSA) process across the branch network.

Key Operational Risk Management: Act as the primary Operations Risk Manager, supporting the Unit Operational Risk Manager (UORM) in managing the entire operational risk landscape. You will integrate the operational risk, regulatory risk, and governance frameworks across all branches.


- Governance and Compliance: Ensure the operational risk and governance framework is complied with across all business functions. This includes reviewing and securing approvals for any deviations from corporate operational risk policies and standards.


- Audit and Inspections: Coordinate all audit and regulatory inspections, acting as the key point of contact for internal and external auditors.


- Risk Reporting and Analysis: Analyze and report on operational risk events, loss trends, and root causes to senior management and relevant risk committees. This will involve the use of tools like SSIS packages to gather and process data.


- Product/Process Reviews: Facilitate the Non-Performing Assets (NPA) review and approval process for all CBG products. You will also be responsible for identifying and conducting theme-based reviews of processes from a controls perspective.


- Risk and Control Self-Assessment (RCSA): Lead the planning and implementation of the RCSA program for CBG India. This includes identifying the scope, providing guidance on assessing inherent and residual risks, and validating the RCSA against actual risk events and audit findings.

Required Skills & Graduate degree in a relevant field. Master's Preferred.


- Proven experience in Operational Risk Management and Credit Operations within the banking industry.


- Strong knowledge of Governance, Risk, and Compliance (GRC) frameworks.


- Experience in conducting RCSA and identifying risk controls.


- Familiarity with SSIS Packages for data processing is a plus.


- Excellent analytical skills for identifying loss trends and root causes.


- Strong collaboration and communication skills, with a focus on training and mentoring.


(ref:iimjobs.com)

  • Risk Manager

    4 weeks ago

    Mumbai, Maharashtra, India SKS Enterpprises - Human Resource Planning and Management Full time

    Job DescriptionPosition Name - Risk ManagerLocation - Worli, MumbaiExperience Range - 7-10 yrsMandatory Requirement:- 7 - 10 years of experience in risk management, preferably within an investment management or financial services organization.- Responsible for identifying, assessing, and mitigating market, credit, operational, liquidity, and regulatory risks...

  • Risk Manager

    3 weeks ago

    Mumbai, India SKS Enterpprises - Human Resource Planning and Management Full time

    Position Name - Risk Manager Location - Worli, Mumbai Experience Range yrs Mandatory Requirement: 7 - 10 years of experience in risk management, preferably within an investment management or financial services organization. Responsible for identifying, assessing, and mitigating market, credit, operational, liquidity, and regulatory risks by implementing risk...

  • Risk Manager

    1 week ago

    Mumbai, Maharashtra, India SKS Enterpprises - Human Resource Planning and Management Full time ₹ 15,00,000 - ₹ 25,00,000 per year

    Position Name - Risk ManagerLocation - Worli, MumbaiExperience Range yrsMandatory Requirement:7 - 10 years of experience in risk management, preferably within an investment management or financial services organization.Responsible for identifying, assessing, and mitigating market, credit, operational, liquidity, and regulatory risks by implementing risk...

  • Operational Risk Manager

    6 days ago

    Mumbai, Maharashtra, India Capri Global Capital (CGCL) Full time ₹ 15,00,000 - ₹ 25,00,000 per year

    Job Title: Operational Risk Management Officer/Manager (NBFC)Key Responsibilities:Risk Identification & Assessment: Identify and assess operational risks across various business functions.Risk Mitigation: Develop and implement internal controls and strategies to minimize operational risks.Incident Management: Investigate risk incidents, analyze root causes,...

  • Manager - Operational Risk Management

    3 weeks ago

    Mumbai, India Aegon Life Full time

    Role Details: Department: Risk Employment Type: Full Time Key Focus areas: Manage the ORM incident management process by ensuring timely identification, recording, investigation, and closure of risk incidents through the PRISM system. Monitor closure timelines and provide regular updates to the ORM Manager and relevant stakeholders. Act as the first point of...

  • Manager - Operational Risk Management

    1 week ago

    Mumbai, Maharashtra, India Aegon Life Full time ₹ 15,00,000 - ₹ 20,00,000 per year

    Role Details:Department: RiskEmployment Type: Full TimeKey Focus areas:Manage the ORM incident management process by ensuring timely identification, recording, investigation, and closure of risk incidents through the PRISM system.Monitor closure timelines and provide regular updates to the ORM Manager and relevant stakeholders.Act as the first point of...

  • Operational Risk Manager

    3 weeks ago

    Mumbai, India Svamaan Financial Services Pvt. Ltd. Full time

    Company Description Svamaan Financial Services Pvt. Ltd. is a modern NBFC-MFI dedicated to enhancing the lives and livelihoods of customers across India through financial inclusion. Our mission is to provide accessible and reliable financial services to underserved communities, empowering them to achieve economic growth and stability. Role Description This...

  • Operational Risk Manager

    2 days ago

    Mumbai, Maharashtra, India Svamaan Financial Services Pvt. Ltd. Full time ₹ 6,00,000 - ₹ 12,00,000 per year

    Company DescriptionSvamaan Financial Services Pvt. Ltd. is a modern NBFC-MFI dedicated to enhancing the lives and livelihoods of customers across India through financial inclusion. Our mission is to provide accessible and reliable financial services to underserved communities, empowering them to achieve economic growth and stability.Role DescriptionThis is a...

  • Operation Risk Manager

    2 days ago

    Mumbai, Maharashtra, India Kotak Mahindra Bank Full time ₹ 15,00,000 - ₹ 25,00,000 per year

    Team Member-SUPPORT SERVICES-Risk Role- Operation Risk Manager Grade- M6/7 Location- Kotak infinity Malad East, Mumbai Job Profile - 1.Identifying, Defining, quantifying, reviewing and reporting of various risks faced by Organisation on regular basis. 2. Monitoring changes in laws, regulations, and industry best practices that could impact...

  • Operational Risk Management

    3 weeks ago

    Mumbai, India Workassist Full time

    Work Level: Middle Management Core: Collaboration Leadership: Training Role: Operational Risk Management Industry Type: Banking Function: Banking Operations Key Skills: Credit Risk,Credit Operation,SSIS Package,Governance, risk and compliance (GRC),Risk Control Education: Graduate Note: This is a requirement for one of the Workassist Hiring Partner. Roles &...