About the Opportunity

We are seeking a highly motivated and experienced Operational Risk Manager with 713 years of relevant experience to join their team in Hyderabad for a leading Fintech MNC. This is a critical role responsible for identifying, assessing, and mitigating operational risks across the organization. The ideal candidate will possess a strong understanding of operational risk management principles and practices, coupled with excellent analytical and communication skills. You will play a key role in ensuring the firm's operational resilience and compliance with regulatory requirements.

Key Responsibilities

- Develop, implement, and maintain the firm's operational risk management framework, policies, and procedures.

- Conduct risk assessments to identify and evaluate operational risks across various business units and functions.

- Facilitate and challenge Risk Control Self Assessments (RCSA), ensuring completeness and accuracy.

- Develop and monitor Key Risk Indicators (KRIs) to track and manage operational risk exposures.

- Perform controls testing to assess the effectiveness of operational risk controls.

- Identify and analyze operational risk events, including root cause analysis and development of remediation plans.

- Collaborate with business units to develop and implement effective risk mitigation strategies.

- Provide guidance and training to employees on operational risk management principles and practices.

- Prepare and present operational risk reports to senior management and relevant committees.

- Stay abreast of industry best practices and regulatory developments related to operational risk management.

- Participate in the development and implementation of new products and services, ensuring operational risks are adequately addressed.

- Contribute to the development and maintenance of a strong risk culture within the organization.

- Support internal and external audits related to operational risk management.

- Assist in the development and execution of business continuity plans.

- Contribute to the ongoing improvement of the operational risk management framework.

- Support the implementation of new technologies and systems, ensuring operational risks are considered.

- Participate in industry forums and working groups to share best practices and stay informed of emerging trends.

- Assist with process mapping exercises to identify potential operational risk vulnerabilities.

- Oversee the tracking and resolution of error remediation efforts.

Eligibility Criteria

- A bachelors degree in finance, business administration, or a related field is required. A masters degree or relevant professional certification (e.g., FRM, PRM) is preferred.

- Proven experience in operational risk management within the financial services industry, preferably in asset management or investment banking.

- In-depth knowledge of operational risk management principles, practices, and regulatory requirements.

- Strong analytical and problem-solving skills, with the ability to identify and assess complex operational risks.

- Excellent communication and interpersonal skills, with the ability to effectively communicate with stakeholders at all levels.

- Ability to work independently and as part of a team.

- Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint).

- Demonstrated ability to manage multiple projects simultaneously and meet deadlines.

- A strong understanding of risk & compliance requirements within the financial services industry.

- Experience with risk management software and tools is a plus.

- A proactive and results-oriented approach.

- Ability to adapt to a changing environment and embrace new challenges.