Operational Risk Management Role - Wholesale Banking

ORM in Wholesale Banking

About Risk :

- The Risk department ensures that the Bank's risk is managed through a risk management architecture as well as through policies and processes approved by the Board of Directors encompassing independent identification, measurement and management of risks across the various businesses of the Bank.

- The Risk department of the Bank strives to proactively anticipate vulnerabilities at the transaction as well as at the portfolio level, through quantitative or qualitative examination of the embedded risks

About the Role :

- Proactive identification, assessment and mitigation of key / emerging risks in relevant Business Unit through effective
implementation& compliance of Operational Risk Policies and Framework

Key Responsibilities :

- Detailed review of PMC/CMC and OAS notes raised by Units to highlight key operational risks and discuss remedial
measures to be implemented prior to Go-Live

- Walkthrough of key processes/products in the Units to identify and document new/key risks in the Bank-wide Risk,
Compliance & Governance system (EGRC) and agree on possible mitigation measures to strengthen control
environment

- Identify and undertake Theme based reviews based on losses/fraud/audit/key risks to do end-to-end assessment of
critical/ vulnerable risk areas spanning across different Units

- Risk Control & Self-Assessment (RCSA) exercise to periodically assess/rate key risks documented on impact/frequency scale and their controls on design and effectiveness to arrive at the inherent and residual risk profile/index of the Unit

- Identify/Design new Key Risk Indicators and review & monitor the same on periodic basis to highlight any operational risk concerns based on adverse trends/ breaches

- Review/ analyze key Fraud/Loss events as and when it happens in the Bank or across other Banks to identify any process lapses/gaps and suggest measures for non-recurrence

- Ensure data integrity/adequacy/completeness of risk data on EGRC/ involve in initiatives being taken up for maintenance of EGRC system for better Risk management by Units

Qualifications :

Optimal qualification for success on the job is:

- Graduate/Post Graduate with good academic background with 5 - 10 years of banking experience

- Candidate having previous experience irrelevant Business Unit domain would be preferred

Role Proficiencies :

- Expert knowledge and understanding of relevant Business Unit - Products & Processes including regulatory guidelines

- Should be able to independently partner with Business functions and have a collaborative approach while assessing the product/process

- Hands on experience in relevant Business Unit will be a plus

- Should have strong analytical & problem solving skill

- Should have good communication, presentation and inter-personal skills

- Should have high level of motivation and be a fast learner

- Innovative thinking and awareness of industry practice

- Strong individual contributor, with high degree of self-reliance and self-initiative