Lead Operational Risk Management

• Develop, maintain and implement Operational Risk practices, policies, framework, governance and reporting mechanisms in the organisation;
• Support first line of defence (1LOD) in identification, assessment and reporting of inherent and residual risks faced in the respective process;
• Facilitating 1LOD to establish controls, testing of design & effectiveness of these controls while providing an independent opinion and recommendations for improvements;
• Assist and train 1LOD to utilize ORM tools & techniques for identification and assessment of risks and ensure reporting mechanism in place.
• Investigate and follow-up on reported operational risk incidents including root cause, mitigation, impact, and respective action plan.
• Maintain & update operational risk incident database including necessary data & information with respect to line of business, stakeholders, due date, and closure status.
• Review and provide inputs and advisory on standard operating procedures (SOPs) for all lines of business with a perspective on operational risks.

• Engage 1LOD for building risk registers, corresponding controls and assigning ownership on implementation of controls & their testing.
• Assist and facilitate 1LOD for conducting self-assessments on risks faced in their respective process to arrive at inherent and residual risk ratings while maintain capability of controls.
• Engage and collaborate with relevant stakeholders for management of third-party risks and fraud risk as required;
• Conduct regular trainings and sessions for 1LOD and other stakeholders including new joiners, business managers to increase risk awareness.
• Gain broad understanding of other risk areas such as Credit Risk, Market Risk, Liquidity Risk, Information Security, Reputational Risk among other financial and non-financial risks.
• Support management in implementation of regulatory guidelines released from time to time by understanding the requirements, building implementation roadmap and framing of action plan

Other Responsibilities (If Any): -

• Set and establish team objectives and priorities through discussions with relevant stakeholders, ensuring alignment with the business agenda;
• Ensure to work effectively and proactively with business teams and industry participants to advise and assist in the management of risk and compliance matters.
• Ability to prioritize amongst many conflicting needs, advocate a course of action, and pursue it consistently, while remaining flexible and responsive to dynamic situations;
• Demonstrate ability to think strategically and innovatively and proven track record for delivering results;
• Strong ability to source, manage and analyse data to drive risk management strategies and decisions;
• High energy and a desire to work in a results and team oriented, rapid growth environment;