Head - Operational Risk Management

5 days ago

mumbai, India Angel One Full time

About Angel one :


Angel One Limited is a Fintech company providing broking services, margin trading facility, research services, depository services, investment education and distributes third party financial products to its clients, on a mission to become the No. 1 fintech organization in India. With over 2 crore+ registered clients, we are onboarding an average of over 800k new clients every month in the current financial year. We are working to build personalized financial journeys for our clients via a single app, powered by new-age tech, AI, Machine Learning and Data Science.


We have a flat structure, with ample opportunity to showcase your talent and a growth path for you to the very top. We are aggressively hiring for various non-tech and tech roles across India. Join our team and experience the best of both worlds at Angel One Check out our careers section


Why You'll Love Working at Angel One


Ranked Top 25 Companies to Work in India: We're proud to be recognized as one of the best workplaces, certified for 8 consecutive years.

Innovative Culture: Ideate, innovate, and create cutting-edge fintech solutions with AI and Machine Learning.

Be part of something huge: Be at the Forefront of Fintech Innovation

Bold Approach: We're not just growing a customer base; we're unlocking potential, aiming to touch a billion lives. It's about more: more drive, more initiative, and a bolder way of working.

Job Title: Head - Operational Risk Management

Location: Mumbai

What you will do:


We are seeking an experienced and strategic Head of Operational Risk Management reporting to Chief Risk Officer to lead our operational risk initiatives. The ideal candidate will be responsible for identifying, assessing, and mitigating operational risks across the organization. This role requires a deep understanding of the financial services (preferrable broking) processes, regulatory requirements, and a proactive approach to risk management.


Key Responsibilities:


Risk Framework Development & Implementation:

  • Develop and implement a robust operational risk management framework aligned with industry best practices and regulatory requirements.
  • Develop and implementing other non-financial risk frameworks viz. Reputational Risk, Vendor Risk, Conduct Risk etc.
  • Enforce compliances to risk management procedures and guidelines.
  • Regularly review and update policies to adapt to changing business needs and regulatory environments.


Risk Assessment:

  • Conduct regular risk assessments and identify vulnerabilities within operational processes.
  • Collaborate with various departments to ensure comprehensive risk analysis and mitigation strategies are in place.
  • Ensure and track assessments of Vendors from Risk management perspective.


Risk Monitoring and Reporting:

  • Create and maintain risk reporting mechanisms for senior management, Management and board committees.
  • Provide insights and recommendations based on risk assessments and monitoring activities.
  • Establish Risk Appetite and key risk indicators (KRIs) metrics to monitor and report on operational and other non-financial risks.


Incident Management:

  • Oversee the investigation and management of operational risk incidents, ensuring timely resolution and reporting.
  • Analyse incidents to identify root causes and implement preventive measures.


Training and Awareness:

  • Foster a risk-aware culture within the organization through training and awareness programs.
  • Engage with employees to promote best practices in operational risk management.


Stakeholder Engagement:

  • Liaise with regulatory bodies, auditors, and other stakeholders to ensure compliance and transparency in risk management.
  • Collaborate with Business, Operations, Compliance, Legal, Product, IT and security teams to address identified risks.


Team Leadership:

  • Build, lead, and mentor a high-performing risk management team, promoting a culture of continuous learning and improvement.
  • Manage departmental budgets and ensure effective allocation of resources to support strategic initiatives.


Who you are:


  • Post-Graduate in Finance, Operations, Risk Management, or a related field; MBA, CA, or relevant certifications (e.g., FRM, ORM) preferred.
  • Minimum 15 years of experience, at least 5 years in Operational risk management, within the financial services.
  • Strong knowledge of regulatory requirements and risk management frameworks.
  • Excellent analytical, problem-solving, and communication skills.
  • Proven leadership experience with the ability to influence and engage stakeholders at all levels.
  • Familiarity with technology trends and challenges in the fintech industry.


What's in it for You?

Empowered Growth: We invest in your growth and empower you to explore your full potential.

Exceptional Benefits: ‍♀️ Our comprehensive benefits package includes health insurance, wellness programs, learning & development opportunities, and more.


For a deeper dive into our company culture and vision, explore our Company Deck.


At Angel One, our thriving culture is rooted in Diversity, Equity, and Inclusion (DEI).


As an Equal opportunity employer, we wholeheartedly welcome people from all backgrounds irrespective of caste, religion, gender, marital status, sexuality, disability, class or age to be part of our team.


We believe that everyone's unique experiences and viewpoints make us stronger together. Come and be a part of #OneSpace*, where your individuality is celebrated and embraced.

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