Operational Risk Role - Wealth Management Business - Banking

Looking for banking professional having experience in Operational Risk for Wealth Management business.

Experience: 4-8 years

Location: Mumbai

Roles and responsibilities:

Permanent Control Set-up and maintenance

- Implement a control plan according to the local organisation/procedures/regulation & risks identified.

- Implement & adapt KSP methodologies defined by the 2OPC Team (Generic Control Plan)

- Implement KSPs for specific local risk areas.

- Perform KSPs (including making sure that operational procedure exist and are applied) according to the control plan.

- Propose and monitor the introduction of corrective actions further to the results of the controls performed / anomaly rates (AR).

- Draw up and give concrete expression to the risk cartography

- Report on and monitor the risks identified and actions undertaken

- Provide regular reporting useful to make management decisions and raise the alerts to warn line personnel, Management and the Business Line.

- Attend the various committee meetings relating to the Permanent Control framework.

- Participate to building a control culture (operation support, organising awareness-raising meetings, communication, teaching, etc).

Operational Risk Set-up and maintenance

- Adapt and implement the operational risk management structure.

- Collect, analyse and monitor operational risk incidents.

- Make sure that, depending on the information available, the quality- and deadline-related incidents are reported according to standards in force.

- Regularly certify the exhaustiveness and quality of this collection according to procedures in place.

- Set up action plans and monitor implementation thereof.

- Coordinate the structure on site and provide training.

- Take part, when required, in the new products, new activities or exceptional transactions approval committee.

Follow-up of internal/external auditor/regulator recommendations

- Organize the local follow up framework of the implementation of the recommendations,

- Help operational teams to define the actions plans needed to complete and close the recommendations and escalate to the management in the event of any problems encountered (in the implementation, responsibility, etc)

- Regularly remind the implementation managers in the event of issues,

- Produce the local summary reports

- Make sure that the recommendations are properly updated in the management tool (MyRecos,)

Reporting and Governance

- Produce the different reporting's defined by the Group/Pole/Business Line (permanent control report, KSP report, claims & litigations- )

- Make sure that Management and the various WM contacts are aware of any events so that business is efficiently monitored.

- Organise and coordinate Internal Control Committees

Anjali