Head - Operational Risk - BFSI

- This role is responsible to Establish and maintain an Operational Risk Management (ORM) Framework within the business/support units that enables identification, assessment, mitigation, measurement, monitoring and reporting of key operational risks.

- Initiate and develop OR processes according to defined operational risk framework, policies and standards for risk management.

- Review of OR Framework and related policies related to business unit- Implement plan to prevent, eliminate/minimize and mitigate operational risks.

- Support the business to design controls to enable risk management for new products/processes

- Drive continuous improvement in the business control environment by using OR tools

- Lead and coach team members to in risk identification, risk assessment/evaluation and risk treatment approaches and effective usage of OR tools.

- Ensure comprehensiveness of Risk and Control matrix

- Oversee RCSA implementation and discuss with functional heads for preventive/ corrective action

- Ensure review and monitoring of KRIs and preventive/ corrective action is taken by concerned stakeholders for bringing parameters within defined thresholds

- Conducting ORMC, documenting minutes and timely closure of ATRs.

- Review of revised SOPs and oversee effective design of controls for all revised/ changed processes

- Publishing KRI Dashboard and OR Event Dashboard to Functional Heads on a periodical basis.

- Team management- Goal setting and monitor team performance

- Ensure constitution of appropriate operational risk committees with approved terms of reference including quorum, recording minutes, follow up for closure of identified actionable

Note :

Please apply only if

- You are interested for an NBFC

- You are interested for chennai location

- You have experience in BFSI (Indian Bank / NBFC /Consulting firms)

- Minimum 6 Years of relevant experience in ORM is mandatory