Operational Risk Manager

Operational Risk Management Specialist

We are seeking an experienced Operational Risk Management Specialist to join our team. The successful candidate will be responsible for leading and managing independent projects across a wide range of operational risk management areas, including internal control assessments, developing SOPs and policies, third party risk management, incident management and reporting, loss data, and business continuity for financial institutions.

Main Responsibilities:

• Review, verify and validate existing frameworks, policies, procedures and risk and control matrices for theoretical soundness, testing design and identification of control weaknesses, ensuring ongoing monitoring as well as contribute to the firm-wide risk and control self-assessment (RCSA) exercise.
• Meet business needs and regulatory expectations for assessing key aspects of each area under review: assessment approach, the underlying assumptions, and associated limitations with respect to heat map requirements for risk rating and control scores, development of the framework, etc.
• Demonstrate independence in planning and stakeholder engagement, testing design and execution, results interpretation and presentation, and the production of documentation strong enough to evidence a sound challenge to both internal and external parties.
• The truly global scope of operational risk means that this role will involve working with an incredibly broad group of stakeholders from every part of the firm, investigating operational risk and governance standards and undertaking detailed risk and control self-assessment (RCSA), defining KRIs along with associated thresholds, undertaking KRI monitoring, along with establishing and linking it to the loss data and incident reporting workflows.
• Deep understanding of process risk and controls, along with associated compliance requirements
• Very strong understanding of financial services industry, businesses, regulators, and their roles
• Responsible for preparation of proposals, pitch decks, presenting in client meetings and thought leadership documents across various ORM related areas.
• Lead and be responsible for team building, mentoring and project management.
• Stakeholder management in a project along with project management.

Key Qualifications:

• Nature of role: Full time
• Number of years of experience expected: 5-12 years
• Areas of past experience preferred: Operational risk, incident management, third party risks, business continuity planning, loss data, risk-based process reviews, internal controls, SOP, and policies
• Educational qualification expected: CA, MBA, any other relevant master's program
• Preferable additional certifications: Project Management, ORM certifications
• Preferred geography of previous work experience: India, Middle East, APAC
• Application experience: Exposure to GRC tools such as MetricStream, SAP GRC, etc.
• Language requirements: Ability to write and speak fluently in English

We Offer:

• Full-time employment opportunity
• Competitive compensation package
• Ongoing training and professional development opportunities
• A dynamic and supportive work environment

Selection Process:

We seek to be transparent during the selection process. While the actual process may vary from the process indicated below, the key steps involved are as follows:

• Interview: There are expected to be at least two rounds of interviews.
• Final discussion on career and compensation: Post final selection, a separate discussion will be set up to discuss compensation and career growth.

Preparation Required:

It is recommended that you prepare on the following aspects before the selection process:

• Understand the operational risk management requirements for the financial services industry
• Awareness of the Basel standards for Operational risk management and related areas
• Good understanding and awareness of the local Regulatory requirements for FIs across banking, insurance and NBFCs issued by the respective Regulators such as RBI, IRDA, & SEBI
• Additional understanding of the Regulatory requirements for Middle East and APAC geographies will be an added advantage
• Exposure to GRC tools such as MetricStream, SAP GRC, etc. will be beneficial