Operational Risk Analyst

6 days ago


Mumbai, Maharashtra, India IDFC FIRST Bank Full time
Job Description

Job Requirements

Job Title: Operational Risk Analyst

Function/Department: Risk

Job Purpose

The role entails leading the operational risk management activities at the enterprise level. It will be responsible for designing/redesigning strategies to ensure effective coverage of operational risk and that the asset portfolio is in line with desired risk level. It includes building up teams, systems, process and culture amenable to the scale and consistency of delivery. The role will closely collaborate with the Business/Product Heads and Heads of Credit, Risk, Operations, Legal, and Collections to drive efficiency in enterprise risk management. The roll is responsible for all regulatory reporting and compliances with regards to its function.

Roles And Responsibilities

- Support the risk and operations functions for Retail Liabilities- Business and Operation & Compliance by assessing the quantum of operational risk, providing a view on the level of exposure relative to risk appetite and advising on risk mitigation. Activities includes but not limited to
- Defining of Standard Operating Procedures (SOPs), Risk Registers, KRIs and monitoring them.
- Conducting the annual RCSA,
- Analysing of Incidents being reported and verifying the Corrective and Preventive actions.
- Review and approve the Product Notes from the ORMD perspective.
- Ensure that relevant dashboards are generated, disseminated and followed up appropriately in adherence to defined procedures and quality standards.
- Knowledge of Branch Banking is highly recommended.
- &aposWorking on various projects and actionable as and when advised by the senior management.
- Working on various internal projects to enhance the productivity of the department.
- Suggesting and implementing the best industry practices.

Educational Qualifications

Graduate: Bachelor&aposs in commerce / arts / science / biology / business / computers / engineering / management / any others

Post Graduation: Finance / Marketing / Operations /

Professional Qualification: CA / Law / FRM / CS

Experience: 5-10 years of relevant experience.
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