Head Of Operational Risk

Department Icon Risk Management & Compliance
Posted: 1 year ago
12-16 years
Maharashtra
Risk Management & Compliance
Work from Office
Full Time

Posted: 1 year ago
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Job Description

    As the Head of Operational Risk, you will play a pivotal role in establishing and maintaining a robust operational risk management framework across all business units and functions within the bank. Your responsibilities will include identifying, assessing, monitoring, mitigating, and reporting on operational risks to ensure the bank's resilience, compliance with regulatory requirements, and alignment with its risk appetite. You will lead a team of operational risk professionals and collaborate extensively with business lines, support functions, and other risk management disciplines.

    With more than 12 years of progressive experience in operational risk management within the banking or financial services industry, including at least 5 years in a leadership/head role, you will bring a wealth of expertise to the position. You should have demonstrated experience in developing and implementing comprehensive operational risk frameworks, a strong understanding of regulatory requirements related to operational risk, and experience with risk assessment methodologies, loss event management, and Key Risk Indicator (KRI) development. Your proven track record in managing and developing teams will be crucial for success in this role.

    To qualify for this position, you should hold a Bachelor's degree in Finance, Business Administration, Risk Management, or a related quantitative field. A Master's degree or professional certifications such as FRM, CRM, or CFA are highly preferred.

    Your key responsibilities will include developing and enhancing an enterprise-wide Operational Risk Management Framework, defining the bank's operational risk appetite and tolerance levels, leading risk identification, assessment, and measurement activities, mitigating operational risks through controls and policies, ensuring compliance with regulatory guidelines, and fostering a strong risk-aware culture throughout the organization.

    In addition to your technical skills and expertise, you will need exceptional analytical, problem-solving, and decision-making abilities, a strong understanding of banking products, processes, and technology, excellent communication and presentation skills, and the ability to lead, mentor, and develop a high-performance team. Your integrity, professionalism, and proficiency in risk management tools will be essential for success in this role.,

Skills

CfaDecisionMaking SkillsRisk ManagementAnalytical SkillsInterpersonal SkillsProfessional EthicsRisk Management SoftwareLeadership SkillsIntegrityProblemSolving SkillsBanking Products KnowledgeCommunication Skills

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