Job Description
To perform Risk and Control Self Assessments (RCSA) for assigned Units to ensure maximum adherence to laid down processes and policies.
To identify inherent risk and residual risks associated with the process with the help of RCSA. Discuss it further with respective stakeholders and agree on time-bound action plan. Review and provide critical input on new All products/processes and any amendments to products/processes to highlight Operational Risks and recommend additional controls to mitigate the risks.
To develop and monitor KRI trends of the Organisation and key functions, and work with Lead - ORM on discussions with stakeholders to improve KRI(s) so as to bring them within acceptable threshold.
To develop, maintain and update the repository of Organisations acceptable risks, issue and action and control library.
To enhance Risk Control Matrix (RCM) for functions assigned for the annual IFC (Internal Financial Controls) review as per the Companies Act 2013, and to conduct control testing with multiple samples to ensure compliance. This is mandatory for annual certification by External Auditors.
To manage operational risks arising from material outsourcing activities, and review gaps and recommendation, and continuity with stakeholders.
To maintain operational loss data for the Organisation, carry out Root Cause Analysis (RCA) of critical and recurring events to identify gaps, recommend process and system enhancement to minimize or eliminate future operational losses.
Develop training modules, including online modules, for development and maintaining of risk culture.
To perform Branch assurance by visiting Branches as per the approved plan and plug the gaps identified in consultation with process owners
To identify inherent risk and residual risks associated with the process with the help of RCSA. Discuss it further with respective stakeholders and agree on time-bound action plan. Review and provide critical input on new All products/processes and any amendments to products/processes to highlight Operational Risks and recommend additional controls to mitigate the risks.
To develop and monitor KRI trends of the Organisation and key functions, and work with Lead - ORM on discussions with stakeholders to improve KRI(s) so as to bring them within acceptable threshold.
To develop, maintain and update the repository of Organisations acceptable risks, issue and action and control library.
To enhance Risk Control Matrix (RCM) for functions assigned for the annual IFC (Internal Financial Controls) review as per the Companies Act 2013, and to conduct control testing with multiple samples to ensure compliance. This is mandatory for annual certification by External Auditors.
To manage operational risks arising from material outsourcing activities, and review gaps and recommendation, and continuity with stakeholders.
To maintain operational loss data for the Organisation, carry out Root Cause Analysis (RCA) of critical and recurring events to identify gaps, recommend process and system enhancement to minimize or eliminate future operational losses.
Develop training modules, including online modules, for development and maintaining of risk culture.
To perform Branch assurance by visiting Branches as per the approved plan and plug the gaps identified in consultation with process owners
💡 Quick Summary
Seeking a career-building opportunity? The Hiring For NBFC | Manager | Operational Risk | Pune position is now open for candidates interested in the MIS Executive sector. This role in Pune 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 MIS Executive is a plus.