Manager - Offshore Risk Operations - BFSI

Currently hiring for Manager role into Risk Manager

Note: Permanent job location is Bangalore but for initial 1 Years you must be open for Manila(Philippines ).

Job Description:

Group Operations

Roles & Responsibilities

Job Title: Manager, Offshore Risk, Operations BUCF

Business Area: Group operations | Operations | Business Unit Control Function

Grade: EU

Job Purpose

The Operations Business Unit Control Function (BUCF) is a Governance and Control function with primary focus on control activities associated with Operational Risk and Regulatory Compliance.

Job Role

The Offshore Risk Manager is responsible for the day to day engagement with the offshore suppliers in India and Philippines and onshore business stakeholders. The Manager should have an understanding of the Business Units that operate offshore (Global Payments, Credit Operations, Retail & Wealth Ops, Finance, HR, GI & PPI) and will be responsible for managing the execution of Risk Management processes with one or more of these suppliers to strengthen control within the area and scope of the role. Role will also contribute to the effective management of GSL which is the Indian subsidiary of Banking Group.

Key Accountabilities

- Supporting offshore business operations (Global Payments, Retail & Wealth Ops, Credit Operations, General Insurance, PPI, HR & Finance) in two countries India (multiple sites) & Philippines (Manila).

- Oversee the control environment across one or more suppliers and lead any required improvements to ensure effectiveness in design and operation.

- Partnering with key stakeholders onshore within the Business Units to identify, assess, respond to and report on applicable risks.

- Managing assurance activities based on the current and future risk profile of Business Units. Ensuring that the supplier risk profiles capture the key risks.

- Undertake process reviews on an annual cycle for critical processes and bi-annual cycle for non critical processes.

- Providing Operations and Risk management subject matter expertise to ensure effective management of the Business units risk profile.

- Building strong relationships within Senior Management across Business Units and Group Operations.

- Leading and/or working on risk management related projects as required

- Developing your overall risk management knowledge and capability.

Operational Risk (Execution) - Advanced

The ability to understand the sources and nature of operational risk and to influence the development of operational risk frameworks, tools, techniques and strategy.

- Acts as an Operational Risk champion within their Business Unit/Division by initiating local training and making presentations to key parties

- Has thorough understanding of the application of Operational Risk theory into Group strategy.

- Has a strong understanding of the Group's Operational Risk policy framework, knows what the Group's key operational risks are (and how operational risk relates to appetite, strategy and if appropriate, capital) and understands the regulatory context of operational risks.

- Demonstrates a strong understanding of the Banks minimum standards to the Operational Risk Framework policy (including loss reporting process).

- Has strong practical experience of applying the Group's Operational Risk framework including the management, recording and oversight and provide challenge to Operational Risks and Issues.

- Has a strong network of contacts to use to ensure legal, regulatory and professional compliance.

- Makes recommendations for improvements/changes to the Group Operational Risk Framework and where applicable, to the enhancement of the control framework

- Familiar with the techniques used for modelling Operational Risk.

Risk, Compliance and Regulatory Management (Judgement) - Advanced

Ensures that risks are identified, managed and escalated where appropriate. Compliance with all relevant risk measures, internal policies and processes.

- Anticipates, identifies, communicates and mitigates risks in a timely manner.

- Takes responsibility for implementing plans to respond to threats and providing effective feedback.

- Identifies ways to streamline the way Banking Group manages potential risks.

Experience: 5 to 10 Years

Qualification: B.COM/M.COM/ICWA/MBA/CA

Noor Alam
GlobalHunt