Posted By
Posted in
Banking & Finance
Job Code
1464210
- Develop, maintain and implement Operational Risk practices, policies, framework, governance and reporting mechanisms in the organisation;
- Support first line of defence (1LOD) in identification, assessment and reporting of inherent and residual risks faced in the respective process;
- Facilitating 1LOD to establish controls, testing of design & effectiveness of these controls while providing an independent opinion and recommendations for improvements;
- Assist and train 1LOD to utilize ORM tools & techniques for identification and assessment of risks and ensure reporting mechanism in place.
- Investigate and follow-up on reported operational risk incidents including root cause, mitigation, impact, and respective action plan.
- Maintain & update operational risk incident database including necessary data & information with respect to line of business, stakeholders, due date, and closure status.
- Review and provide inputs and advisory on standard operating procedures (SOPs) for all lines of business with a perspective on operational risks.
- Engage 1LOD for building risk registers, corresponding controls and assigning ownership on implementation of controls & their testing.
- Assist and facilitate 1LOD for conducting self-assessments on risks faced in their respective process to arrive at inherent and residual risk ratings while maintain capability of controls.
- Engage and collaborate with relevant stakeholders for management of third-party risks and fraud risk as required;
- Conduct regular trainings and sessions for 1LOD and other stakeholders including new joiners, business managers to increase risk awareness.
- Gain broad understanding of other risk areas such as Credit Risk, Market Risk, Liquidity Risk, Information Security, Reputational Risk among other financial and non-financial risks.
- Support management in implementation of regulatory guidelines released from time to time by understanding the requirements, building implementation roadmap and framing of action plan
Didn’t find the job appropriate? Report this Job
Posted By
Posted in
Banking & Finance
Job Code
1464210
Download the iimjobs app to
apply for jobs anywhere, anytime
Download on
App Store
Get it on
Google Play
Scan to Download