Head - Operational Risk Management - NBFC

We have requirement for Head ORM with one of Leading NBFC Company

Position : Head ORM

Education : MBA/PGDM

Location : Chennai

Purpose of the Role:

The purpose of an Operational Risk Management role is to identify, assess, and mitigate operational risks within the organization.

Roles & Responsibilities:

- Execute the approved RCSA framework and ensure its implementation. Update RCSA based on process changes & SOP reviews.

- Conduct quarterly sample checks on high-risk areas and bi-annually checks on medium risk areas.

- Ensure the RSC and RMC meetings are supported with complete information on Key Business Risks and other initiatives. Ensure the all risks are highlighted to management with 100% accuracy.

- Put in place a Risk Appetite Framework/Policy with clear alerts and limits defined.

- Drive Risk Culture & awareness campaign by conducting Annual Risk Training sessions for stakeholders and by sending risk management related emailers and other communications.

- Conduct annual review of all risk management related policies.

- Ensure timely and accurate collation and reporting of inputs under Operational Loss Data.

- Create awareness on submission on Operational Loss data.

- Handling outsourcing risk through Third Party Risk Management (TPRM).

- Be informed with the new development in regards of new regulatory guidelines, regulatory framework on risk management i.e. RBI, IRDAI, Basel etc.

Skills Required:

- Strong Analytical and project management skills

- Excellent interpersonal & communication skills

- Attention to detail and problem-solving capacity