Team Member

4 weeks ago


Mumbai, India Kotak Mahindra Full time

Department- Risk Management - Operational Risk- Location- Mumbai- Number of Positions- 1- Implementing and embedding the Operational risk framework to identify, assess, mitigate and monitor key outsourcing risks
- Identification and assessment of outsourcing risk
- Monitoring of activities outsourced to vendor and their performance through half yearly review of outsourcing activities and annual review and BoD note preparation for Material outsourcing
- Above monitoring includes review of various aspects such as scorecard prepared by Business, appropriateness of agreement terms and agreement validity, availability of insurance as applicable, financial condition, subcontracting, events reported internally or externally, outcome of audit or CISO team reviews, concentration risks, negative media reports, BCP and contingency plans etc.
- Conduct half yearly material outsourcing review, identify & assess gaps and suggest mitigants to eliminate / control / monitor outsourcing risks
- Implementing processes and control framework for off boarding vendors
- Assist the team in below activities
- Manage custody and status of bank wide polices and prepare BOD/management notes for status of review of policies across bnk
- Support the Business in designing/monitoring key risk indicators, setting thresholds and analyze key risk indicator breaches, for risk identification, assessment and need for control/process enhancements
- Provide MI and analytics support to the team for risk forum presentations reporting of Board notes and Risk profile template submissions
- Management of records for regulatory and internal inspections, BOD notes etc.
- Gatekeeping of all new outsourced vendors to ensure onboarding requirements are completed prior to processing payments
- Excellent knowledge of power point & excel would be an advantage
- Graduate/ Professional - Certification in Operational risk would be an advantage
- Experience of 8-12 Years
- Good communication skills
- Analytical skills
- Eye for detail
- Independent thinking


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