AVP/Sr. Manager - Operational Risk Management

Key highlights of the role are listed below (purely indicative and not limiting):

• Design, implement, and maintain a comprehensive Operational Risk Management Framework (ORMF) and Enterprise Risk Management (ERM) framework, policies and procedures in alignment with RBI regulations and board-approved risk appetite
• Lead Risk and Control Self-assessment (RCSA) across business units
• Identify key operational risks including process failures, IT/system risks, outsourcing risks etc.
• Loss event management and Key Risk Indicators (KRIs) including performing root cause analysis and recommend preventive and corrective actions
• Track and report operational loss trends to senior management and Board
• Oversee Business Continuity planning (BCP) including conducting periodic BCP/DR testing and ensuring operational resilience across critical functions
  
• Vendor & outsourcing risk management- assessing and monitor risks arising from third party vendors, outsourcing arrangements in line with RBI regulations
• Conduct training and awareness programs on operational risk and controls
• Define and monitor Risk Appetite Framework (RAF)
• Conduct stress-testing, scenario analysis and sensitivity analysis to assess impact under multiple scenarios including periodic enterprise-wide risk assessments (RCSA, ICAAP, ECL etc.)
• Oversee liquidity risk management and asset-liability management (ALM)
• Maintain and publish Operational Risk Register (ORR) to relevant stakeholders
• Coordinate with Compliance, Legal, internal audit and other stakeholders to address regulatory gaps and risks
• Review SOPs, Risk Control Matrix etc. across business units

  Looking to get Placed? Try our Placement Guarantee Plan

  Get Hired
• Prepare and present regular risk dashboards for various risk management committees and Board

Applicants should possess the following attributes:

• Deep understanding of operational and enterprise risk, internal controls, and governance
• Strong understanding of RBI regulations related to risk governance and implementation
• Understanding of processes and functions in lending institution
• Strong analytical and problem-solving skills
• Strategic thinking and ability to communicate effectively with various stakeholders including Leaders & senior management.