Company Overview:

Hero Fincorp Ltd. is a leading non-banking financial company (NBFC) in India, focused on providing a wide range of financial products and services to retail and corporate customers. Operating across various segments including two-wheeler financing, SME loans, personal loans, and loan against property, Hero Fincorp leverages technology and a robust distribution network to reach a broad customer base. The company is committed to driving financial inclusion and empowering individuals and businesses across the country.

Role Overview:

The Sr. Associate Operational Risk Management role at Hero Fincorp Ltd. in Delhi is a critical position responsible for identifying, assessing, monitoring, and mitigating operational risks across the organization.

This role involves working closely with various business units, compliance, and audit teams to ensure adherence to regulatory guidelines and internal policies. The Sr. Associate plays a key role in safeguarding the company's assets, reputation, and financial stability by implementing effective risk management strategies and controls.

Key Responsibilities:

- Conduct operational risk assessments across various business units to identify potential vulnerabilities and areas for improvement.

- Develop and implement operational risk management frameworks, policies, and procedures to minimize potential losses.

- Monitor key risk indicators (KRIs) and escalate any breaches or deviations to relevant stakeholders to ensure timely corrective action.

- Perform regular reviews of existing controls and processes to ensure their effectiveness in mitigating operational risks.

- Collaborate with compliance and audit teams to ensure alignment with regulatory requirements and internal audit findings.

- Provide training and awareness programs on operational risk management to employees across the organization to foster a risk-conscious culture.

- Investigate operational incidents and losses to identify root causes and implement preventive measures.

- Prepare and present operational risk reports to senior management and relevant committees to provide insights into the company's risk profile.

- Develop a risk-based test plan by selecting appropriate audit approach, test procedures and sampling criteria based on professional judgment and departmentally defined internal audit methodology.

- Perform audit tests and prepare working papers in accordance with professional IIA standards.

Required Skillset:

- Demonstrated ability to identify, assess, and mitigate operational risks within a financial services environment.

- Proven experience in developing and implementing operational risk management frameworks and policies.

- Strong understanding of regulatory requirements and compliance standards applicable to NBFCs.

- Excellent analytical and problem-solving skills with the ability to interpret complex data and identify trends.

- Effective communication and interpersonal skills with the ability to collaborate with diverse stakeholders.

- Experience in conducting audits and reviews of operational processes and controls.

- Bachelor's/Master's degree in Finance, Accounting, or a related field.

- Experience of 8-12 years in Operational Risk, Compliance, Audit, or Banking Operations is essential.