Job Description
Place of work - Mumbai
Business Unit – Operational Risk Management
Function – Enterprise Risk Management
Reporting to - Lead - Operational Risk
Job Purpose:
The role entails leading the operational risk management activities at the enterprise level for the Retail Assets domain of the Bank. It will be responsible for designing/redesigning strategies to ensure effective coverage of operational risk. The role will closely collaborate with the team responsible including Business / Product Heads and Heads of Credit, Risk, Operations, Legal, and Collections to drive efficiency in Operational Risk area of the Enterprise Risk Management. .
Roles and Responsibilities:
• Support the risk and operations functions by assessing the quantum of operational risk, providing a view on the level of exposure relative to risk appetite and advising on risk mitigation for the Retail Assets function. 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.
• 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.
Educational Qualifications:
Post Graduate- CA / MBA
Experience:
8-12 Years preferably in Banks, Financial Institution, Consulting having exposure to Retails Assets (including Digital Lending) and related Operations
Business Unit – Operational Risk Management
Function – Enterprise Risk Management
Reporting to - Lead - Operational Risk
Job Purpose:
The role entails leading the operational risk management activities at the enterprise level for the Retail Assets domain of the Bank. It will be responsible for designing/redesigning strategies to ensure effective coverage of operational risk. The role will closely collaborate with the team responsible including Business / Product Heads and Heads of Credit, Risk, Operations, Legal, and Collections to drive efficiency in Operational Risk area of the Enterprise Risk Management. .
Roles and Responsibilities:
• Support the risk and operations functions by assessing the quantum of operational risk, providing a view on the level of exposure relative to risk appetite and advising on risk mitigation for the Retail Assets function. 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.
• 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.
Educational Qualifications:
Post Graduate- CA / MBA
Experience:
8-12 Years preferably in Banks, Financial Institution, Consulting having exposure to Retails Assets (including Digital Lending) and related Operations
💡 Quick Summary
Seeking a career-building opportunity? The Operational Risk Practitioner 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.
