Operational Risk Practitioner

Job Title – Practitioner 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