Operational Risk Manager

5 days ago

Mumbai Metropolitan Region, India Motilal Oswal Financial Services Ltd Full time ₹ 12,00,000 - ₹ 36,00,000 per year

Company Description

Motilal Oswal Financial Services Ltd. (MOFSL) was founded in 1987 and has grown into a well-diversified financial services firm with over 12,000 employees. Headquartered in Mumbai, MOFSL offers a range of financial products and services including Private Wealth, Wealth Management, Asset Management, and Investment Banking. With a presence in over 550 cities and towns, it serves 5.2 million+ customers. Known for its strong focus on research, MOFSL invests significantly in equity research and boasts 25+ analysts covering over 250 companies across various sectors.

Key Responsibilities:

· Lead and coordinate the operational risk management activities: risk & control self-assessments (RCSA), loss event/incident management, key risk indicators (KRIs), risk registers.

· Work with business units (first line) and functions to identify and assess operational risks across processes, products, support functions and new initiatives.

· Monitor and report on operational risk exposures, trends, incidents, near misses, action plans and control effectiveness to senior management and risk committees.

· Maintain and update the operational risk framework: policies, procedures, methodologies, guidelines.

· Support new product / service launches, business change initiatives, outsourcing / vendor arrangements by reviewing operational risk impacts.

· Develop and monitor KRIs, ensure timely escalation of breaches or emerging risks.

· Maintain operational risk incident/loss database, perform root-cause analysis of incidents/failures, recommend remediation and preventive actions.

· Support business continuity management (BCM), and resilience initiatives as required.

· Promote a risk-aware culture across the organisation via training, awareness sessions, stakeholder engagement.

Ensure alignment with regulatory requirements (e.g., for brokerage, asset-management, NBFCs) and internal governance standards.

Key Requirements:

· Chartered Accountant / MBA (Finance / Risk / Operations)

· –7 years of relevant experience in Operational Risk Management, Internal Audit, or Risk Advisory within Financial Services.

· ORM / FRM / Certified Risk Manager certification preferred

· Proficient in Excel, PowerPoint, and GRC tools

· Familiarity with SEBI, RBI, and AMFI risk management frameworks

· Analytical, detail-oriented, and collaborative

Strong communication and stakeholder management skills

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