Operational Risk Role - BFS

Designation - Operational Risk

Grade - AVP

Job Role :

- Operational Risk Reporting: The operational risk vertical head is responsible for reporting deviation from set limits. This includes analysing identified trends in the key risk indicators.

- Implementation of OR practices in line with Basel and domestic/ international regulatory {Reserve Bank of India (RBI)} framework

- Designing and developing the Risk and control self-assessment (RCSA) methodology for the Bank

- Responsible for benchmarking current risk practices against those stipulated within business units.

- To lead the supervision of all the Operational Risk Activities within the Bank

- Review and evaluation of product & process notes to identify key risks

- To analyse and assess inherent operational risk levels and governing risk management practices.

- Monitoring key risks Indicators (KRI) on a periodic basis

- Production of operational risk reporting to the Risk Management Committee of the Board

- Compute and Report RWA for Operational Risk

- Formulation and Implementation of Operational Risk Management Framework and methodology

- Measure, control and manage operational risk on a bank-wide basis within the limits set by the Board / CRMC.

- Performing Recovery Time Objective (RTO) and Recovery Point Objective (RPO) for various systems/activities.

- Contribute to the establishment of appropriate information flows of risk reports used to monitor various aspects of operational risk on an ongoing basis.

- Develop risk registers, conduct RCSAs and define KRIs for risk management and control indicators

- Identify and evaluate emerging risk areas across the operational activities

- Support in creation of operational risk quantification models established for calculation Operational VaR at the Company level;

- Support in formulating Risk Management strategy and framework

- Perform other duties as assigned by the bank.