Operational Risk Manager - Mumbai
MumbaiFull Time
FINANCIAL & STATISTICAL ANALYSIS
R EGULATORY C OMPLIANCE
RISK ASSESSMENT & MITIGATION
Job description
Job Overview:
The Operational Risk Manager is responsible for managing the entire operational risk framework, ensuring the highest standards of credit & risk compliance. This role is crucial in identifying, assessing, monitoring, and mitigating operational risks across the organization.
Key Responsibilities
? Collaborate with cross-functional teams to proactively identify, assess, measure, and report risks.
? Establish and review the Risk and Control Self-Assessment (RCSA) framework, ensuring timely identification and mitigation of risk issues.
? Develop and implement risk management strategies and procedures for robust risk mitigation.
? Conduct risk assessments and provide actionable recommendations for risk reduction.
? Assist business units in identifying and monitoring Key Risk Indicators (KRI), ensuring timely resolution of breaches.
? Ensure compliance with regulatory guidelines and internal risk policies.
? Provide expert guidance and support to operational teams in managing risk exposure.
? Stay informed of industry best practices and evolving regulatory changes related to risk management.
? Prepare and present comprehensive risk management reports to senior leadership.
? Review Root Cause Analyses (RCA) to prevent recurrence of identified risk events.
? Monitor implementation of mitigation action plans for high-risk indicators.
? Support development and execution of operational risk policies, procedures, and appetite statements.
? Maintain risk tools, databases, and systems while driving continuous improvement.
? Conduct training and awareness sessions on risk identification and mitigation strategies.
? Ensure regular review of risk management tools like KRIs, loss databases, and risk thresholds.
? Generate timely and accurate operational risk reports including event reporting and monthly risk assessments.
? Engage business/support units in risk methodologies like Risk Event Reporting, RCSA, and KRI tracking.
? Drive enterprise risk system enhancements, ensuring alignment with global best practices and regulatory standards.
? Maintain monthly risk reporting cadence for senior management, ensuring proactive risk management.
? Ensure timely RCSA execution and gap remediation, fostering a risk-conscious culture.
Core Competencies, Knowledge & Experience:
? Experience: 2-5 years in leading Operational Risk Management roles.
? Strong analytical and problem-solving skills.
? Excellent interpersonal and communication skills.
? Ability to work independently with minimal supervision.
? Proven expertise in Credit/Risk Analysis within banking or NBFC sectors.
? Additional experience in other risk domains is an advantage.
? High proficiency in MS Excel and PowerPoint for data analysis and reporting.
? Hands-on experience using risk assessment tools.
Must-Have Technical/Professional Qualifications:
? CA/MBA or equivalent professional qualification.
Skills Required
Operational Risk Manager - Mumbai
Banking/ Financial Services
CA
Full Time, Permanent
Key Skills
- FINANCIAL & STATISTICAL ANALYSIS
- R EGULATORY C OMPLIANCE
- RISK ASSESSMENT & MITIGATION
Other Information
GO/JC/173/2025
Related Jobs
Full Time
Manager/ Sr Manager -Teamcenter Developer
Pune, Chennai, Delhi, Bangalore, Kolkata, Hyderabad, Mumbai, Gurgaon, Coimbatore, Noida, Mumbai, Chennai/Bangalore/Hyderabad, kochin
Full Time
IBM Maximo - Developer
Pune, Chennai, Bangalore, Hyderabad, Mumbai, Gurgaon, Coimbatore, Noida
Full Time
Associate/ Sr Associate -Teamcenter Developer
Pune, Chennai, Delhi, Bangalore, Kolkata, Hyderabad, Mumbai, Gurgaon, Coimbatore, Noida, Mumbai, Chennai/Bangalore/Hyderabad, kochin, Mesaieed
