Job Description
NFRM Framework - Mumbai Risk Centre, Associate:
• Job ID:R035+855Full/Part-Time:Full-timeRegular/Temporary:RegularListed:2026-12-06Location:MumbaiPosition Overview:
• In Scope of Position based Promotions (INTERNAL only)
• Job Title
- Operational Risk Framework Specialist - Associate
• Location
- Mumbai, India
• Role Description
Risk Management is responsible for managing and controlling the risk profile of the bank. The profession path covers financial and non-financial risks.
• What we’ll offer you
As part of our flexible scheme, here are just some of the benefits that you’ll enjoy
- Best in class leave policy
- Gender neutral parental leaves
- 100% reimbursement under childcare assistance benefit (gender neutral)
- Sponsorship for Industry relevant certifications and education
- Employee Assistance Program for you and your family members
- Comprehensive Hospitalization Insurance for you and your dependents
- Accident and Term life Insurance
- Complementary Health screening for 35 yrs. and above
• Your key responsibilities
- Acting as a member of the Risk Type Controller (RTC) team and overseeing the Operational Risk Framework’s Risk Profile, incl.:
- Review, assess, and prepare relevant contextual information pertaining to the NFRM Framework Risk type (including findings, internal and external loss data, metrics, TRAs, Scenario Analysis, and remediation progress) and determine if updates to the risk profile are required
- Participate in regular Risk assessments including assessing inherent risks, the control environment, and residual risks
- Review and/or define Risk appetite statements and metrics, and perform regular Risk appetite monitoring
- Prepare and present Risk Reports
- Participate in the regular and dynamic Risk
- and Control Assessment process (RCA), and create and maintain an active RCA summary report that includes key themes and risk drivers, new and emerging risks, and planning and progress of remediation activities
- Define and maintain R145 Minimum Control standards and Control objectives
- Create and maintain an overview/report over relevant R145 Controls & mitigants and the relevant meta data, and participate in the regular planning and execution of control certification, assessment, and assurance
- Participate in Transformation Risk Assessments (TRA) and Third Part Risk Assessments on behalf of the R145 RTC team, and maintain records of these assessments
- Review, interpret, and if required clarify new or changed requirements pertaining to the responsibilities of RTCs
- Review and discuss independent Framework Adherence monitoring results
- Support development and enhancement of NFR Framework components incl. performing impact analysis of potential design changes, planning and executing updates to policies and procedures, stakeholder consultation, and conducting presentations and trainings
- Participate in processes supporting the development and maintenance of the Framework, incl.
- Participate in the planning, coordination and execution of Regulatory adherence exercises for material regulations
- Support the development and maintenance of NFRM Policies & Standards and Reference data & tools
- Define, review, and maintain NFRM owned processes in the bank’s Enterprise Process Model (EPM)
- Support the NFRM change governance (‘Model change gatekeeper process’)
• Your skills and experience
Education and Experience
- Bachelor’s degree/diploma or equivalent certification or experience working in banking, finance, economics or business administration
- More than five years of relevant professional work experience
- Professional experience in (Operational) Risk, Compliance, Audit, Governance, Business Controls, would be an advantage
- Experience with the design and/or implementation of Frameworks (e.g., regarding Risks, Compliance, Controls, etc.) is a plus
- Experience in working with teams spanning multiple geographical locations
- Experience in the preparation of presentations for senior management
- Experience in business analysis and/or project management would be an advantage
- Experience with managing various stakeholders, deadlines and adhering to regulatory/audit requirements would be an advantage
- Experience in reviewing and interpreting regulatory requirements and their implementation in the organization would be an advantage
- FRM, PRM or Risk analysis certification. CFA would be an advantage
Competencies and personal characteristics
- Feel comfortable with and being able to work in a fast-paced environment, with changing requirements, priorities, and tight deadlines, and the ability to handle multiple deliverables at the same time
- Ability to analyze, brainstorm about, and structure new requirements, and develop approaches and plans for implementation without a lot of guidance and oversight (this role is not just about execution)
- Ability to work as a member of a team as well as independently, with a natural te
• Job ID:R035+855Full/Part-Time:Full-timeRegular/Temporary:RegularListed:2026-12-06Location:MumbaiPosition Overview:
• In Scope of Position based Promotions (INTERNAL only)
• Job Title
- Operational Risk Framework Specialist - Associate
• Location
- Mumbai, India
• Role Description
Risk Management is responsible for managing and controlling the risk profile of the bank. The profession path covers financial and non-financial risks.
• What we’ll offer you
As part of our flexible scheme, here are just some of the benefits that you’ll enjoy
- Best in class leave policy
- Gender neutral parental leaves
- 100% reimbursement under childcare assistance benefit (gender neutral)
- Sponsorship for Industry relevant certifications and education
- Employee Assistance Program for you and your family members
- Comprehensive Hospitalization Insurance for you and your dependents
- Accident and Term life Insurance
- Complementary Health screening for 35 yrs. and above
• Your key responsibilities
- Acting as a member of the Risk Type Controller (RTC) team and overseeing the Operational Risk Framework’s Risk Profile, incl.:
- Review, assess, and prepare relevant contextual information pertaining to the NFRM Framework Risk type (including findings, internal and external loss data, metrics, TRAs, Scenario Analysis, and remediation progress) and determine if updates to the risk profile are required
- Participate in regular Risk assessments including assessing inherent risks, the control environment, and residual risks
- Review and/or define Risk appetite statements and metrics, and perform regular Risk appetite monitoring
- Prepare and present Risk Reports
- Participate in the regular and dynamic Risk
- and Control Assessment process (RCA), and create and maintain an active RCA summary report that includes key themes and risk drivers, new and emerging risks, and planning and progress of remediation activities
- Define and maintain R145 Minimum Control standards and Control objectives
- Create and maintain an overview/report over relevant R145 Controls & mitigants and the relevant meta data, and participate in the regular planning and execution of control certification, assessment, and assurance
- Participate in Transformation Risk Assessments (TRA) and Third Part Risk Assessments on behalf of the R145 RTC team, and maintain records of these assessments
- Review, interpret, and if required clarify new or changed requirements pertaining to the responsibilities of RTCs
- Review and discuss independent Framework Adherence monitoring results
- Support development and enhancement of NFR Framework components incl. performing impact analysis of potential design changes, planning and executing updates to policies and procedures, stakeholder consultation, and conducting presentations and trainings
- Participate in processes supporting the development and maintenance of the Framework, incl.
- Participate in the planning, coordination and execution of Regulatory adherence exercises for material regulations
- Support the development and maintenance of NFRM Policies & Standards and Reference data & tools
- Define, review, and maintain NFRM owned processes in the bank’s Enterprise Process Model (EPM)
- Support the NFRM change governance (‘Model change gatekeeper process’)
• Your skills and experience
Education and Experience
- Bachelor’s degree/diploma or equivalent certification or experience working in banking, finance, economics or business administration
- More than five years of relevant professional work experience
- Professional experience in (Operational) Risk, Compliance, Audit, Governance, Business Controls, would be an advantage
- Experience with the design and/or implementation of Frameworks (e.g., regarding Risks, Compliance, Controls, etc.) is a plus
- Experience in working with teams spanning multiple geographical locations
- Experience in the preparation of presentations for senior management
- Experience in business analysis and/or project management would be an advantage
- Experience with managing various stakeholders, deadlines and adhering to regulatory/audit requirements would be an advantage
- Experience in reviewing and interpreting regulatory requirements and their implementation in the organization would be an advantage
- FRM, PRM or Risk analysis certification. CFA would be an advantage
Competencies and personal characteristics
- Feel comfortable with and being able to work in a fast-paced environment, with changing requirements, priorities, and tight deadlines, and the ability to handle multiple deliverables at the same time
- Ability to analyze, brainstorm about, and structure new requirements, and develop approaches and plans for implementation without a lot of guidance and oversight (this role is not just about execution)
- Ability to work as a member of a team as well as independently, with a natural te
💡 Quick Summary
Seeking a career-building opportunity? The Nfrm Framework 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.
