Principal / Project Director-ORM

Highlight of the engagement opportunity

• Nature of role: Full time
• Number of years of experience expected: 9-12 years.
• Areas of experience preferred: Operational risk, incident management, third party risks, business continuity planning, loss data, fraud risk, internal controls, SOP, and policies, (Industry / Consulting) experience, BFSI experience.
• Educational qualification expected: CA, ACCA, MBA, any other relevant master's program.
• Additional qualifications/ certifications required: NA.
• Preferable additional certifications: Project Management, ORM certifications
• Preferred geography of previous work experience: India, Middle East, APAC
• Language requirements: Ability to write and speak fluently in English.
• Application experience: Exposure to GRC tools such as MetricStream, SAP GRC, etc. is beneficial.

Key responsibility areas:

• Lead and manage independent projects across a wide range of operational risk management areas such as internal control assessments, developing SOPs and policies, third part risk management, incident management and reporting, loss data, and business continuity for financial institutions.
• Preparation of detailed project plan for timely delivery
• 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.
• Identify changes to the risk profile and consider its impact on the heat map for risk rating.
• 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.
• Proactive engagements with the client's process owners and risk department to ensure timely completion and finalization projects.
• Provide regular updates on project execution and quality reviews.
• Identify and emphasize on findings that warrant discussions with Risk Management Committees
• Demonstrating value provided to the client by way of developing and presenting risk dashboards and risk analytics on key items.
• 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 global and Indian frameworks, methodologies and standards on 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.
• Problem-solving skills i.e., conceptual, and analytical thinking
• Lead and be responsible for team building, mentoring and project management.
• Stakeholder management in a project along with project management
• Excellent MS-Excel, Word and PPT skills

Other important information:

• Work permit requirements: Either Indian Citizen or having valid works in India
• Period of engagement: Full-time position
• Probation period: 6 months
• Compensation: Compensation varies depending on the skill, fitment and role played by the person. Compensation discussions will take place post the selection process.
• Performance incentives: Typically, all roles at Acies have a performance incentive. Specific aspects will be discussed during the compensation discussion.
• Leave: 22 working days a year. Additional leaves for national holidays, sick leaves, maternity and paternity, bereavement and studies vary based on the city and country of engagement. Other benefits: Other employment benefits including medical insurance will be informed during the compensation discussion.
• Career growth for full-time roles: Acies believes in a transparent and data-based performance evaluation system. You are encouraged to clarify any questions you have with respect to career growth with Acies personnel you interact with during the selection process.
• Career opportunities for part-time roles: Conversion of part-time roles to full-time roles depends on both performance of the individual and business needs. You are encouraged to ask about the prospects as you interact with Acies personnel during the selection process.
• Global mobility: Acies encourages mobility across our offices. Such mobility is, however, subject to business needs and regulations governing immigration and employment in various countries.

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:

• Personal interviews: There are expected to be at least 2 -3 rounds of interviews. The number of interview rounds may increase depending on the criticality and seniority of the role involved.
• Final discussion on career and compensation: Post final selection, a separate discussion will be set up to discuss compensation and career growth. You are encouraged to seek any clarifications you have during this discussion.

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.

For any additional queries you may have, you can send a LinkedIn InMail to us, connect with us at or e-mail us at .

How to reach us:

Should you wish to apply for this job, please reach out to us directly through LinkedIn or apply on our website career page -