JOB DESCRIPTION - ROLE AND RESPONSIBILITIES - Lead implementation of enterprise-wide operational risk strategy and policy and work closely with all businesses and support functions. - The primary responsibilities would be to report, assess, measure, monitor, and control and report operational risks for the company and evaluate whether the risk management practices are in line with the operational risk strategies and policies. - Monitor and report Key Risk Indicators for each function. - Analysis and reporting of Operational Loss events - Continuous interactions with central functions to reinforce the objectives of Operational Risk in strengthening of processes. - Work closely with technology to ensure information security risks are well mitigated and adequate to ensure lower risks in case of any significant operational risk event. - To facilitate the Risk &amp; Control Self Assessments by active participation and verifying the results of such assessments; - Propose Risk Mitigation Plans for breaches; - Timely follow-up on action plans and open items from operational risk management reviews. - To act as the first point of contact for business functions for all operational risk management issues - Review of process notes and policies to identify process gaps and risks - Recommend risk mitigation plans/ controls to stakeholders and ensure implementation - Develop and implement Ops risk Strategies to mitigate risks arising out of Operational Risk events in the day to day operations of the company - Implement Ops risk framework and conduct ORMC meeting at Periodic intervals as defined. - Coordinate with various internal stakeholders for effective communication and implementation of Ops Risk Strategies. - Maintenance of loss database and external loss events database. Maintain operational risk data for various assessments including regulatory reporting. - Timely and accurate submissions of all regulatory reports, board and risk committee notes. - Review business continuity and disaster recovery plans of various business/operating units. - Provide the data for risk-based supervision (RBS) for Operational Risk and ensure accuracy of data. - Oversee fraud investigations and act as the controller for the enterprise level Fraud Risk Policies. - Review fraud risk strategies and controls defined in the policy and keep updating the policies to include latest industry best practices. - Review on a monthly basis the outcome of the fraud triggers built in the system and work closely with the Risk Policy and credit operations team on alert reviews. - Own the fraud investigation framework and ensuring investigations are completed well within timelines. - Work closely with other BU in defining the controls around KRI and identifying issue severity ( 1-3). Provide a summary of the gross risk and residual risk for each of the business unit on a monthly basis. - Review and Provide continuous guidance to the Control Assurance Teams in ensuring KRI, RCSA and KCSA checks are done on time and relevant feedback is provided to the concerned business unit. - Responsible for raising alert on significant operational risk events and ensuring detailed summary of finding is shared with the senior management. QUALIFICATIONS AND EDUCATION REQUIREMENTS - Post graduate with 15+ years of experience in managing Operations Risk, Functional governance. - Experience of having led teams with similar background in banks or NBFC. - Additional certifications in fraud risk or other risk functions desirable but not mandatory. - Drive to continuously learn and bring in new ideas/initiatives or other best practices from the industry to help build a positive risk culture across the organization. - Experience in Risk Assessment, Control design at Banks/ or Financial Institutions - Experience in planning and interfacing in handling External/Internal Audits in Banks/Financial Institutions OTHER SKILLS - Leadership skills to perform tasks from design to reporting stage - A very good proficiency in written and oral communications, ability to articulate thoughts and initiatives with senior management. - Strong people management skills across peer group and senior levels. - Ability to challenge constructively across levels and not get bogged down by having to deal with hierarchy

Bangalore

Lendingkart - Vice President - Operational Risk 

Lendingkart - Vice President - Operational Risk  ,Job Description for Lendingkart - Vice President - Operational Risk  in Lendingkart Technologies Pvt Ltd in  Bangalore for (13-21) years of experience. Apply Now!

Job Description for Lendingkart - Vice President - Operational Risk  in Lendingkart Technologies Pvt Ltd in  Bangalore for (13-21) years of experience. Apply Now!