Senior Operational risk analyst

2 months ago


India IDFC FIRST Bank Full time

Job Title: Senior Operational Risk Analyst

Function / Department: Enterprise Risk Management

Job Purpose: The role entails leading the operational risk management activities at the enterprise level. It will be responsible for designing/redesigning strategies to ensure effective coverage of operational risk and that the asset portfolio is in line with desired risk level. It includes building up teams, systems, process and culture amenable to the scale and consistency of delivery. The role will closely collaborate with the Business/Product Heads and Heads of Credit, Risk, Operations, Legal, and Collections to drive efficiency in enterprise risk management. The roll is responsible for all regulatory reporting and compliances with regards to its function.

Roles & Responsibilities:

  • Develop, maintain, and continuously improve the operational risk management strategy and frameworks for IDFC First Bank.
  • Support the risk and operations functions by assessing the quantum of operational risk, providing a view on the level of exposure relative to risk appetite and advising on risk mitigation.
  • Collaborate with the other teams to oversee review of all processes followed by employees (on roll & off roll) to ensure effective Business Continuity Planning.
  • Ensure documentation of key risk indicators and controls for any critical process or key product launch.
  • Lead the review and assessment of the asset portfolio and early warning signal effectiveness to ensure that portfolio risk is minimized.
  • Ensure that portfolio risk reports and dashboards are generated, disseminated and followed-up appropriately in adherence to defined procedures and quality standards.
  • Drive adequate portfolio quality reporting to rating agencies and ensure bank credit ratings appropriately received.
  • Oversee the implementation of enterprise risk management policies, procedures, controls and ensure that all relevant regulatory/ internal compliance requirements are fulfilled.
  • Perform a periodical review of the bank’s products and processes and provide risk mitigation controls and training to business to facilitate optimum protection of IDFC's business interests.
  • Facilitate the establishment of a risk management culture and harmonized enterprise risk management frameworks across the bank.
  • Lead continuous improvement of enterprise risk systems, processes and practices taking into account international best practices, evolving regulatory/international standards and the business environment.
  • Ensure that all operational and portfolio risk reports are prepared timely and accurately.
  • Define an optimum organisation structure for the enterprise risk function so that resources are optimally utilised and communication can take place in an efficient manner.
  • Mentor and coach senior team members to percolate ethos of customer centricity, innovation, compliance and integrity.
  • Create environments for constant innovation and sharing of ideas bottom up to serve the customer’s needs holistically.
  • Attract and retain best-in-class talent for key roles in their reporting structure.
  • Monitor key parameters on employee productivity, hiring quality and attrition rates and make necessary improvements.

Education Qualification:

Graduation: Bachelor of Commerce (B.com) / Bachelor of Science (B.Sc.) / Bachelor of Arts (BA) / Bachelor of Business & Insurance (BBI) / Bachelor of Management Studies (BMS)

Post-graduation: Master of Business Administration (MBA) / Master of Commerce (M.com) / Master of Arts (MA)

Experience: 5 to 10 of relevant years of experience.



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