Candidate Qualification: CA / MBA / PGDM / PG / B.Tech / B.E.

Experience required: Minimum 12 years out of which 4 years of relevant experience as per the requirement.

Job Location: Chennai

Designation: VP / Head Operational Risk

Set Skills: Operational Risk

Review and Verification of Management Information:

- Oversee the review and analysis of management reports and metrics produced by different business lines to provide independent challenge, and to develop an understanding of the risk profile.

- Use the analysis to develop the team’s ongoing risk-based assurance plan.

Escalation and Remediation Oversight of Issues:

- Oversee the drafting, reviewing and submission of risk events/incidents occurring in Operations via the pre-defined escalation process and tools.

- Ensure all appropriate stakeholders are notified within a timely manner. Oversee root cause analysis into the source of the failure and ensure the ongoing robustness of any new or enhanced controls, oversight of mitigating actions to ensure they are delivered in a timely manner.

Undertaking independent reviews to verify polices and procedures are being followed:

- Engage with management to identify, prioritize and execute pro-active reviews of risk-prioritized processes and functions.

- Report on any risk issues identified and suggest control improvements.

Business Change Agenda (including mandatory and regulatory programmes):

- Review of project materials (e.g. process maps, procedures, testing approach) to assess the impact to the risk and control environment.

- Attend Steering/Management Committees to provide independent risk input on key “go live” decisions.

New Product Sign-Offs:

- Provide challenge on ‘risk’ of new products and provide sign-off on suitability of all Operational aspects of the new product from reviewing the design of templates/instructions through to the method the product information flows will be managed by Operational areas.

Audit Management:

- Interfacing between audit teams (whether Internal Audit or external audit) and the Operational teams to ensure a smooth and effective audit experience takes place for the business.

- Key tasks include guidance and oversight of pre-audit preparation, day-to-day oversight of auditor activity and the monitoring of post-audit completion activities prior to audit point closure.

Process and Control Assurance:

- Responsibility for performing assurance over business processes by assessing performance of key controls against Global Control Standards.

- Driving a targeted testing programme to ensure that key controls operate as intended and where any weaknesses are identified, working with Operations management to design remediation activities and the embedding of any enhanced controls.

Please note: Candidates interested in Chennai location need apply.

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