Manager/AVP - Operational Risk - Retail Assets Vertical - Bank

Given below the position details with a Leading Bank :

Role/Job Title: Operational Risk Manager - Retail Assets

Grade - AVP

Function/ Department: Enterprise Risk Department - Operational Risk Management

Location: BKC, Mumbai

Job Purpose:

ORM is the second line of defence which ensures all the Risk highlighted by the Business are effectively being monitored and relevant controls are in place to mitigate the Risk. The role is responsible for ORM activities of the Retail Assets vertical of the Bank.

Roles & Responsibilities:

- Support the risk and operations functions for the Retail Assets (including Digital & Fintech based Lending and related Operations) by assessing the quantum of operational risk, providing a view on the level of exposure relative to risk appetite and advising on risk mitigation. Activities includes but not limited to.

- Defining of Standard Operating Procedures (SOPs), Risk Registers, KRIs and monitoring them.

- Conducting the annual RCSA.

- Analyzing of Incidents being reported and verifying the Corrective and Preventive actions.

- Review and approve the Product Notes from the ORMD perspective.

- Ensure that relevant dashboards are generated, disseminated and followed-up appropriately in adherence to defined procedures and quality standards.

- Knowledge of Retail Advances is highly recommended.

- Working on various projects and actionable as and when advised by the senior management.

- Working on various internal projects to enhance the productivity of the department.

- Suggesting and implementing the best industry practices.

- Retails Assets with expoure in Digital Banking. Preferably should have worked in Second line or third line of defense.