Business Operational Risk Management

16 hours ago

Mumbai, Maharashtra, India V Konnect Full time ₹ 12,00,000 - ₹ 36,00,000 per year

Role & responsibilities

The role of Wholesale Banking - Business Operational Risk Management is to reinforce the compliance culture in Wholesale Banking and proactively addressing regulatory and operational risk minimizing losses and providing operational stability. It encompasses implementation of regulatory guidelines within all Wholesale Banking Business and Product units, viz. Large Corporates, Mid-Corporates, Financial Institutions, Government Institutions, Multinational Corporates, Transaction Banking, Project Finance, and Loan Syndication, working in close coordination with Central Compliance and Operational Risk Management units

Roles & Responsibilities

  • Ideal candidate should possess sound Business acumen and Business understanding of All client segments and product units within Wholesale Banking domain (Large & Mid-Corporates, Financial Institutions, Government Institutions, and Multinational Corporates, Transaction Banking, Project Finance, and Loan Syndication) and must have a flair for governance and control.
  • Be a one point contact to provide on ground support to business/ product/operations teams on their queries pertaining to RBI regulations.
  • Works as a bridge between Business and Central compliance team for effective implementation of regulatory guidelines.
  • Ensure timely submission of Business data sought for regulatory compliances.
  • Review of the response to regulatory correspondence and ensure timely submission of responses.
  • Ensure timely closure of pending open issues and verification of evidences to ensure that the open points are closed adequately.
  • Ensure timely submission of product and process notes for approval of Product and Process Approval Committee.
  • Ensure timely reporting and booking of losses due to operational risk events.
  • Ensure timely reporting of frauds/notices from Law Enforcement Agencies.
  • Conduct Root Cause Analysis (RCA) and implementation of risk mitigation measures for High and Significant operational risk events.
  • Ensure timely review and comprehensive submission of Business Continuity Plan and conducting Business Continuity testing as per the scheduled plans

Preferred candidate profile

  • Vice President, Specialist, Operational Risk Management, Risk Management Group

    18 hours ago

    Mumbai, Maharashtra, India DBS Bank Full time ₹ 18,00,000 - ₹ 27,00,000 per year

    RMGRisk Management Group works closely with our business partners to manage the bank's risk exposure by balancing its objective to maximise returns against an acceptable risk profile. We partner with origination teams to provide financing, investments and hedging opportunities to our customers. To manage risk effectively and run a successful business, we...

  • DVP/VP - Operational Risk Manager

    6 days ago

    Mumbai, Maharashtra, India InCred Capital Full time ₹ 12,00,000 - ₹ 36,00,000 per year

    Key ResponsibilitiesORM Framework & GovernanceDraft, review, and implement the Operational Risk Management policy in line with the latest regulatory guidelines.Develop and operationalize risk management models, tools, and systems to ensure effective implementation of ORM policies.Define and monitor Key Risk Indicators (KRIs) and set risk appetite thresholds...

  • Intern Operational Risk Management

    2 days ago

    Mumbai, Maharashtra, India Incred Full time ₹ 4,00,000 - ₹ 6,00,000 per year

    .KEY RESPONSIBILITIESAssist with daily risk assessments and reviews, ensuring compliance with internal standards and applicable laws/regulationsParticipate in RBI reporting, inspections, and adhoc data assembly for submissions to regulatorsContribute to internal control documentation, including followup on remediation itemsDevelop or update operational risk...

  • Risk Management

    6 days ago

    Mumbai, Maharashtra, India Nomura Full time ₹ 8,00,000 - ₹ 24,00,000 per year

    Nomura Overview:Nomura is a global financial services group with an integrated network spanning approximately 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Wealth Management, Investment Management, and Wholesale (Global...

  • Manager - Risk

    1 week ago

    Mumbai, Maharashtra, India Equifax Full time ₹ 20,00,000 - ₹ 25,00,000 per year

    Synopsis of the Role:Risk Business Partner is responsible for providing expert challenge and oversight on the development, application and maintenance of the Risk Management frameworks across the Equifax India businesses. The role holder will have particular responsibility for delivery of the annual Risk & Control Self-Assessment plan; understanding the...

  • Operational Risk Officer

    2 weeks ago

    Mumbai, Maharashtra, India BNP Paribas Full time ₹ 6,00,000 - ₹ 18,00,000 per year

    Position Purpose RISK Operational Risk Management (RISK ORM), created early 2021 to oversee operational risks within the mandate of the RISK function, is organised, under the responsibility of the Group Chief Operational Risk Officer (Group CORO), around 3 Poles: RISK ORM Framework, RISK ORM Technology & Transversal Risks and RISK ORM Network.Under the...

  • Operational Risk Analyst

    1 week ago

    Mumbai, Maharashtra, India Indusind Bank Full time ₹ 6,00,000 - ₹ 18,00,000 per year

    Overall Job DescriptionThorough understanding of Treasury, Trade, Other Transaction Banking ProductsThorough understanding of Retail Banking, Digital Banking Products/Platforms and the associated regulationsConduct Risk & Control Self-Assessment workshops, identify Key Risk Indicators (KRIs), monitor and report Issues and ActionsCarry out root cause analysis...

  • Operational Risk Management

    6 days ago

    Navi Mumbai, Maharashtra, India Atos Full time ₹ 5,00,000 - ₹ 15,00,000 per year

    Role & responsibilitiesRisk & Control Self-Assessment Perform detailed Risk and Control Self-Assessment (RCSA) & Key Risk Indicators. Risk Identification and Assessment: Identify and evaluate potential risks within the operational frameworkPolicies & Regulations Ensure the respective clients complies with internal policies and external regulations.Errors &...

  • Operation Risk and User Access Management

    14 hours ago

    Mumbai, Maharashtra, India Kotak Mahindra Prime Limited Full time ₹ 2,16,000 - ₹ 14,40,000 per year

    Company DescriptionKotak Mahindra Prime Limited (KMPL), a subsidiary of Kotak Mahindra Bank Limited, is a leading car finance company in India since 1996. The company finances new and pre-owned passenger cars, two-wheelers, and provides wholesale financing to automobile dealerships. KMPL also offers Loans Against Property for commercial and residential real...

  • Services Business Sanctions Risk

    1 week ago

    Mumbai, Maharashtra, India Citi Full time ₹ 20,00,000 - ₹ 25,00,000 per year

    The Financial Crimes Risk team is part of the first line Risk & Controls function and is responsible for ensuring proactive, effective, and sustainable financial crimes risk management within the Services business which is one of Citi's five interconnected businesses lines.This is a first line role responsible for supporting Services businesses in managing...