Job Description
Job Purpose: ORM is the second line of define which ensures all the Risk highlighted by the Business are effectively being monitored and relevants controls are in place to mitigate the Risk. The role is responsible for ORM activities of Finance, Human Resource and Shared Services of the Bank.
Key Role:
- Support the risk and operations functions for Finance, Human Resource and Shared Services by assessing the quantum of operational risk, providing a view on the level of exposure relative to risk appetite and advising on risk mitigation.
Activities includes but not limited to:
- Defining of Standard Operating Procedures (SOPs), Risk Registers, KRIs and monitoring them.
- Conducting the annual RCSA,
- Analyzing of Incidents being reported and verifying the Corrective and Preventive actions.
- Review and approve the Product Notes from the ORMD perspective.
- Ensure that relevant dashboards are generated, disseminated and followed-up appropriately in adherence to defined procedures and quality standards.
- Knowledge of Retail Advances is highly recommended.
- Working on various projects and actionable as and when advised by the senior management.
- Working on various internal projects to enhance the productivity of the department.
- Suggesting and implementing the best industry practices
Key Role:
- Support the risk and operations functions for Finance, Human Resource and Shared Services by assessing the quantum of operational risk, providing a view on the level of exposure relative to risk appetite and advising on risk mitigation.
Activities includes but not limited to:
- Defining of Standard Operating Procedures (SOPs), Risk Registers, KRIs and monitoring them.
- Conducting the annual RCSA,
- Analyzing of Incidents being reported and verifying the Corrective and Preventive actions.
- Review and approve the Product Notes from the ORMD perspective.
- Ensure that relevant dashboards are generated, disseminated and followed-up appropriately in adherence to defined procedures and quality standards.
- Knowledge of Retail Advances is highly recommended.
- Working on various projects and actionable as and when advised by the senior management.
- Working on various internal projects to enhance the productivity of the department.
- Suggesting and implementing the best industry practices
💡 Quick Summary
Seeking a career-building opportunity? The IDFC First Bank | Operational Risk Practitioner |8|14 yrs position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai, 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.
