Job Description
Job Title : Operational Risk
Department - Risk Vertical
Reporting Manager Head Credit and risk Team (Y/N) N
Job Location - Jaipur State Rajasthan
Job purpose :
This role is responsible to Establish and maintain an Operational Risk Management (ORM) Framework within the business/support units that enables identification, assessment, mitigation, measurement, monitoring and reporting of key operational risks
Roles and responsibilities :
- Initiate and develop OR policies, processes and framework according to standards for risk management.
- Review of OR Framework and related policies related to business unit
- Implement plan to prevent, eliminate/minimize and mitigate operational risks.
- Conduct root cause analysis of OR incidents and ensure effective corrective action
- Support the business to design controls to enable risk management for new products/processes
- Drive continuous improvement in the business control environment by using OR tools
- Conduct RCSA and discuss with functional heads for preventive/ corrective action
- Develop KRI and ensure review/monitoring of KRIs and preventive/ corrective action is taken by concerned stakeholders for bringing parameters within defined thresholds
- Conducting ORMC, documenting minutes and timely closure of ATRs.
- Review of revised SOPs and oversee effective design of controls for all revised/changed processes
- Publishing KRI Dashboard and OR Event Dashboard to Functional Heads on a periodical basis.
- Ensure constitution of appropriate operational risk committees with approved terms of reference including quorum, recording minutes, follow up for closure of identified actionable
Specification & Key Requirements :
- Experience and knowledge of OR Tools.
Includes:
- Education CA Specialized Knowledge
- Skill Set (Must) Skill Set (Desired) - Ability to coordinate with business/operation manager on Risk & Control requirements
- A good team player attitude with excellent ability to coordinate with other stakeholder
- Ability to manage strict deadlines with highest quality of delivery and analysis
- Good written and oral communication skills to handle and drive the interaction with stake holders and peers in an effective manner.
Professional Certificate ( If Any) Experience Range Minimum 10 years
Personal Characteristics Dynamic personality with high level of energy and positive attitude Abilities
Preferred Industry BFSI Language proficiency English
Department - Risk Vertical
Reporting Manager Head Credit and risk Team (Y/N) N
Job Location - Jaipur State Rajasthan
Job purpose :
This role is responsible to Establish and maintain an Operational Risk Management (ORM) Framework within the business/support units that enables identification, assessment, mitigation, measurement, monitoring and reporting of key operational risks
Roles and responsibilities :
- Initiate and develop OR policies, processes and framework according to standards for risk management.
- Review of OR Framework and related policies related to business unit
- Implement plan to prevent, eliminate/minimize and mitigate operational risks.
- Conduct root cause analysis of OR incidents and ensure effective corrective action
- Support the business to design controls to enable risk management for new products/processes
- Drive continuous improvement in the business control environment by using OR tools
- Conduct RCSA and discuss with functional heads for preventive/ corrective action
- Develop KRI and ensure review/monitoring of KRIs and preventive/ corrective action is taken by concerned stakeholders for bringing parameters within defined thresholds
- Conducting ORMC, documenting minutes and timely closure of ATRs.
- Review of revised SOPs and oversee effective design of controls for all revised/changed processes
- Publishing KRI Dashboard and OR Event Dashboard to Functional Heads on a periodical basis.
- Ensure constitution of appropriate operational risk committees with approved terms of reference including quorum, recording minutes, follow up for closure of identified actionable
Specification & Key Requirements :
- Experience and knowledge of OR Tools.
Includes:
- Education CA Specialized Knowledge
- Skill Set (Must) Skill Set (Desired) - Ability to coordinate with business/operation manager on Risk & Control requirements
- A good team player attitude with excellent ability to coordinate with other stakeholder
- Ability to manage strict deadlines with highest quality of delivery and analysis
- Good written and oral communication skills to handle and drive the interaction with stake holders and peers in an effective manner.
Professional Certificate ( If Any) Experience Range Minimum 10 years
Personal Characteristics Dynamic personality with high level of energy and positive attitude Abilities
Preferred Industry BFSI Language proficiency English
💡 Quick Summary
Seeking a career-building opportunity? The Chief Manager|AVP | Operational Risk | NBFC |10|20 yrs position is now open for candidates interested in the Bank Jobs sector. This role in Jaipur offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
