AVP - Operational Risk - Wholesale Banking

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