Chief Manager - Operational Risk - Bangalore

Job Purpose:

This position is responsible for proactively identifying risks related to processes, people and systems and mitigating them. Also responsible for frequently checking the effectiveness of the controls established and reporting gaps / suggesting new controls.

Key Responsibilities:

• Develop Operational risk policies under a framework and identify risks due to processes, systems, and people in the business processes
• Maintain the risk register up to date-based process walk-throughs and other incidents
• Periodically do assessments of the processes and check the effectiveness of the controls established and report any gaps
• Evaluate risks on any new processes and technologies before implementation and sign off
• Effectively perform the technical components of risk assessments to provide an accurate view of the current risk state
• Assess and design internal controls by applying an understanding of internal control design frameworks and regulatory requirements
• Conduct workshops and brainstorming sessions for business functions and provide support in operational risk identification & assessment
• Travel to different business locations as required and check the adherence to processes and controls
• Coordinate all Audit Committee Meetings, presentations and leading discussions on risk, internal audit, control effectiveness & efficiency
• Maintain all documentation of operational risk-related assessments and monitor if the KRI thresholds are within the set standards

Qualifications:

CA / MBA

Experience:

Should have min 8 years of exp in Operational Risk or Internal Audit from Banks / NBFCs

Functional Competencies:

• Strong understanding of risks entailed in running a financial institution
• Experience in auditing processes and publishing reports
• Hands-on experience developing and driving programs or projects within schedules