Senior Consultant at Nexus HR Consultants
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AVP - Operational Risk - Wholesale Banking (6-10 yrs)
Our client which is a leading Foreign Bank is seeking for AVP Operational Risk.
Location : Mumbai
Reporting to : Director
Job purpose:
To ensure implementation and monitoring of Global Operational Risk Management standards at a local level while ensuring adherence to local regulatory requirements on Operational Risk Management.
Main Accountabilities:
- Analyze operational loss incidents to identify the causes, and discuss with relevant parties to come up with appropriate remedial action.
- Prepare management reports for senior management / Risk Committee in order to provide an overview of the risks within India.
- Undertake and/or coordinate periodic reviews on business activities, including risk and control self assessments, in order to assess the effectiveness of controls and identify new risks.
- Active participation in the new product approval process to ensure sufficient assessment and mitigation of operational risks.
- Ensure essential OR policies are communicated and disseminated to staff on a timely basis/ training provided to staff wherever required.
- Assist the Head of Operational Risk in handling ad-hoc projects in the Branch in relation to operational risk management.
- Monitor outstanding audit issues and validate corrective action taken to close audit issues.
- Work with various departments to strengthen internal control systems & improve existing practices.
- Monitor if internal/ regulatory requirements around Outsourcing are being complied with.
Skills / Competencies:
- Good understanding of operational risks in the Wholesale Banking environment
- Communication / Influence
- Integrity and professionalism
- Planning & Organizing
- Judgement
- Innovation & Change
Knowledge / Expertise:
- Basic understanding of Basel II operational risk requirements
- Good Understanding of Trade finance, Corporate Lending and Global Financial Markets products, an advantage
Experience / Qualifications:
- Chartered Accountant / University Masters Degree holder in Finance
- 6-8 years working experience in the banking industry with a minimum of 3 years in operational risk management or internal audit (preferred) OR 6-8 years working experience in a large consulting firm handling internal audits/ risk advisory assignments in the BFSI space.
- Strong verbal and written communication skills
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