Operational Risk Management Specialist

2 days ago


Mumbai, Maharashtra, India Acies Full time
About the Role:
We are seeking an experienced Operational Risk Management Specialist to join our team at Acies. This is a unique opportunity for individuals who want to make a meaningful impact in the financial services industry.

Job Description:
As an Operational Risk Management Specialist, you will be responsible for assisting the team in executing BFSI and corporate client engagements. Your primary focus will be on providing advisory and documentation to clients in financial services pertaining to process optimization and process improvements in line with their digital transformation requirements. You will work closely with client business users to understand their business needs and assist in documenting and performing UAT testing. Additionally, you will design automation solutions related to business process optimization, data analytics, and internal and regulatory reporting MIS in line with business requirements.

You will serve banks and financial institutions by automating their business workflows and undertake project management services for ensuring smooth and timely closure on projects. You will drive the day-to-day execution of assigned projects and work on no-code platforms such as MS Power Platform and Revolutio for designing automation applications. Your expertise will be crucial in knowledge of banking set-up, various loan products, and their characteristics, including wholesale loans, auto loans, personal loans, mortgage finance, education loans, etc. You will also have knowledge of Fund Transfer Pricing and associated pool-wise profitability calculation, budgeting methodologies adopted by financial services clients as part of strategic planning, financial services capital planning, and related regulatory requirements.

Key Responsibilities:
1. Evaluating the adequacy and effectiveness of policies, procedures, and controls
2. Assist in the development of key risk and control indicators
3. Review and development of risk ratings
4. Assist in assessing risk, writing issues, and developing appropriate corrective actions
5. Investigate root causes of operational risks and provide support to mitigate risk
6. Evaluate changes in regulatory requirements and ensure clients' business processes are enabled to ensure compliance with regulatory requirements
7. Identification of Operational Risk Incidents and Loss events in line with Basel requirements
8. Review and perform detailed Root Cause Analysis of critical events/losses
9. Perform and control the full audit cycle including risk management and control management over operations' effectiveness, financial reliability, and compliance with all applicable regulations
10. Develop strong relationship with key stakeholders by addressing concerns in a timely manner

Requirements:
To succeed in this role, you should have hands-on experience and understanding of the financial services industry, particularly in the areas of product exposures, financial statement analysis, balance sheet ratios, budgeting, and capital planning. You should be comfortable with technologies and technology platforms and possess excellent communication and interpersonal skills. A strong educational background in CA, ACCA, BBA, BAF, BBI, BFM, B.Com, or MBA in Finance, along with globally accepted certifications in IA & Risk management, is preferred. Fluency in English is required. The salary range for this position is approximately $120,000 - $180,000 per annum, depending on your qualifications and experience. If you are looking for a challenging role that offers opportunities for growth and professional development, please apply.

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