Risk Management Strategist
8 hours ago
About Corenza
Corenza, a registered non-banking financial company (NBFC), was incorporated in 2006 and operates across 11 states with over 170 branches. With an assets under management (AUM) of approximately Rs 4,000 crores, the company serves the MSME sector by offering business loans and vehicle financing.
Job Overview
We are seeking an experienced Operational Risk Specialist to join our team at Corenza. As a key member of our risk management department, you will be responsible for developing and implementing operational risk policies and frameworks, reviewing existing processes, and driving continuous improvement in our control environment.
Key Responsibilities:
- Initiate and develop Operational Risk policies, processes, and framework according to industry standards for risk management.
- Review of Operational Risk Framework and related policies related to business units.
- Implement plans to prevent, eliminate/minimize, and mitigate operational risks.
- Conduct root cause analysis of OR incidents and ensure effective corrective action is taken.
- Support business teams to design controls for new products and processes.
- Drive continuous improvement in the business control environment using operational risk tools.
- Conduct RCSA and discuss with functional heads for preventive/corrective actions.
- Develop Key Risk Indicators (KRIs) and review/monitoring of KRIs with concerned stakeholders to bring parameters within defined thresholds.
- Conduct Operational Risk Management Committee (ORMC) meetings, document minutes, and ensure timely closure of Action Taken Reports (ATRs).
- Review revised Standard Operating Procedures (SOPs) and oversee effective design of controls for all revised/changed processes.
- Publish KRI Dashboards and OR Event Dashboards to Functional Heads on a periodic basis.
- Ensure constitution of appropriate operational risk committees with approved terms of reference, including quorum, recording minutes, and follow-up for closure of identified actionable items.
What We Offer
As an Operational Risk Specialist at Corenza, you can expect a competitive salary range of Rs 12-18 lakhs per annum, depending on your experience and qualifications. In addition to a rewarding career, we offer a comprehensive benefits package, including health insurance, retirement planning, and opportunities for professional growth and development.
Requirements
To be successful in this role, you should have a minimum of 3-5 years of experience in operational risk management, preferably in the NBFC or banking sector. You should possess excellent communication and analytical skills, with the ability to work effectively in a team environment.
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