Lead - Operational Risk Management

2 weeks ago


Sany, India MhyMatch Full time

Brief Overview of the JobDescription: The Operational Risk Manager isresponsible for managing all aspects of Operational Risk within theorganization ensuring compliance with regulatory guidelines andsafeguarding the interests of stakeholders. This role involvescollaborating with various Lines of Business (LoBs) liaising withaudit information security and other risk teams and implementingrisk management practices and frameworks to protect theorganizations reputation assets and clients.

KeyResponsibilities:

  • Develop and implement Operational Riskframeworks and policies to minimize financial losses due tooperational risks.
  • Establish robust reportingmechanisms to track financial impact and provide insights into riskmanagement effectiveness.
  • Ensure compliancewith regulatory guidelines to protect customer interests andmaintain trust.
  • Collaborate with retail andcorporate LoBs to enhance customer experience by mitigatingoperational risks.
  • Support the first line ofdefense (1LOD) in identifying assessing and reporting inherent andresidual risks enhancing overall risk awareness andmitigation.
  • Facilitate 1LOD in establishing andtesting the effectiveness of controls providing independentopinions and recommendations forimprovement.
  • Investigate operational riskincidents conduct root cause analysis and develop action plans toprevent recurrence.
  • Train and assist 1LOD andother stakeholders in utilizing Operational Risk Management (ORM)tools for risk identification andassessment.
  • Conduct regular training sessionsfor stakeholders including new joiners and business managers toincrease risk awareness and competency.
  • Engagein continuous learning to stay updated with regulatory changes andemerging risks ensuring the organizations risk management practicesremain robust.
  • Maintain and update theoperational risk incident database ensuring accurate tracking andcomprehensive reporting of incidents.
  • Reviewand provide advisory on Standard Operating Procedures (SOPs) froman operational risk perspective to ensure compliance and riskmitigation.
  • Engage with 1LOD in building riskregisters corresponding controls and assigning ownership forcontrol implementation and testing.
  • Assist inconducting selfassessments on risks faced by various processes todetermine inherent and residual riskratings.
  • Collaborate with relevant stakeholdersto manage thirdparty and fraud risks ensuring comprehensive riskcoverage.
  • Support management in implementingregulatory guidelines by understanding requirements buildingimplementation roadmaps and framing actionplans.


Technologies to beUsed:

  • Advanced MSExcel
  • PowerPoint
  • ORMTools
  • Data AnalyticalTools


Qualifications:

  • Graduate/Postgraduate in BBA/MBA/CA/ORM PGCertification
  • 512 years of relevant experiencein Operational Risk Management


Knowledge:

  • Indepth knowledge of risk management practicesand relevant regulations applicable to Operational RiskManagement.
  • Understanding of BASELs and RBIsframework and guidelines on Operational Risk and BusinessContinuity Management.
  • Familiarity with riskand compliance practices in the Indian regulatory environmentincluding KYC AML/CTF Data Privacy & Confidentiality andConsumer Protection.


Skills:

  • Advanced MS Excel and PowerPointskills
  • Proficiency in data analyticaltools
  • Strong organizational communication andleadership skills
  • Strategic conceptual andanalytical thinking abilities
  • Ability to workindependently and manage multiple prioritieseffectively


Attitude:

  • High energy and enthusiasm to work in aresultsoriented rapidgrowth environment.
  • Teamplayer with creativity resourcefulness and a passion forproblemsolving.
  • Comfort with ambiguity andstrong interpersonal acumen.


WorkEnvironment:

  • Collaborative team culture with clearly definedroles and responsibilities.
  • A dynamic andfastpaced environment focused on growth andinnovation.

Compensation:INR


Key PerformanceIndicators:

  • Effectiveness of risk mitigation strategies andreduction in operational riskincidents.
  • Compliance with regulatoryguidelines and successful audits.
  • Stakeholdersatisfaction with risk management support andtraining.
  • Timeliness and accuracy of riskreporting and incident management.


Remote Work :

No


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