Operational Risk Management

4 weeks ago

Mumbai India Workassist Full time

Job Description Work Level: Middle Management Core: Responsible, Result Driven Leadership: Deliver Results (Team/Organisation) Industry Type: Banking Function: Banking Operations Key Skills: Operational Risk,Operational Risk Management,Digital,Financial Risk,Risk Control,Risk Analyst,Risk Advisory Education: PG/ Master Note: This is a requirement for one of the Workassist Hiring Partner. Desired Requirements: 1. Facilitate the implementation and ongoing monitoring of adherence to the Group Operational Risk Management (ORM) Framework within the Business / Support units (BU/SU) that enables identification, assessment, mitigation, measurement, monitoring and reporting of key operational risks 2. Maintain key relationships with UORMs of the BU/SU and raise potential operational risk and control issues to RMG and line management of BU/SU. 3. Contribute to department initiatives to improve the management of operational risk using Data Analytics. 4. Ensure Satisfactory Ratings in Audit reviews and compliance to regulatory requirements. Job Duties & responsibilities :- 1. Provide advice, guidance and training to the Business / Support units (BU/SU) on operational risk matters including risk management processes, where applicable, for adoption by the units 2. Engage with relevant business/support units UORM, facilitating the use of relevant operational risk tools and methodologies, including Risk Event Reporting, Control Self Assessment (CSA), Key Risk Indicators (KRI), etc to enable the units to identify, assess and mitigate key operational risks 3. Liaise with relevant business/support units partners in the various control and support functions e.g. Credit, Compliance, Legal, etc in addressing operational risk issues arising in the end-to-end processes 4. Manage and maintain the ORMS system that enables regular risk reporting and analysis and liaise with internal support parties (eg ORMS support) 5. Conduct reviews on operational risk metrics (Risk Events, CSA, KRI, etc) as appropriate, including the responses and action plans and assessing the effectiveness of these as adequate mitigants to the risks identified Company Description Workassist is an online recruitment and employment solution platform based in Lucknow, India. We provide relevant profiles to employers and connect job seekers with the best opportunities across various industries. With a network of over 10,000+ recruiters, we help employers recruit talented individuals from sectors such as Banking & Finance, Consulting, Sales & Marketing, HR, IT, Operations, and Legal. We have adapted to the new normal and strive to provide a seamless job search experience for job seekers worldwide. Our goal is to enhance the job seeking experience by leveraging technology and matching job seekers with the right employers. For a seamless job search experience, visit our website: https://bit.ly/3QBfBU2 (Note: There are many more opportunities apart from this on the portal. Depending on the skills, you can apply for them as well). So, if you are ready for a new challenge, a great work environment, and an opportunity to take your career to the next level, don't hesitate to apply today. We are waiting for you

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