Operational Risk Specialist

2 days ago


Vadodara, Gujarat, India beBeeOperational Full time ₹ 15,00,000 - ₹ 25,00,000
Job Description:

The role of Operational Risk Manager involves leading and managing independent projects across various operational risk management areas. This includes internal control assessments, third-party risk management, incident management, loss data, and business continuity for financial institutions.

Key responsibilities include reviewing and validating existing frameworks, policies, procedures, and risk and control matrices for theoretical soundness. Additionally, the incumbent will meet business needs and regulatory expectations by assessing key aspects of each area under review.

Independence is essential in planning and stakeholder engagement, testing design and execution, results interpretation, and presentation. The role also involves working with a broad group of stakeholders from every part of the firm to investigate operational risk and governance standards, and undertake detailed risk and control self-assessment (RCSA).

A deep understanding of process risk and controls, along with associated compliance requirements, is necessary. Furthermore, a strong understanding of the financial services industry, businesses, regulators, and their roles is expected.

Requirements:
  • 5-12 years of experience in operational risk management, preferably in the BFSI sector.
  • Deep understanding of operational risk management requirements, Basel standards, and local regulatory requirements for FIs across banking, insurance, and NBFCs.
  • Strong understanding of GRC tools such as MetricStream, SAP GRC, etc.
  • Fluency in English and ability to work independently with minimal supervision.


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