Operations Risk Lead - Risk Management

Position: Operations Risk Lead

Location: Mumbai

Department: Risk Management

Reporting To: Head of Risk

About the Company:

We are a diversified financial services organization offering integrated solutions across Capital Markets, Wealth Management, Investment Banking, Lending, Global Markets, and Financial Advisory services. With a strong commitment to governance, innovation, and customer-centricity, we strive to deliver world-class financial solutions while maintaining the highest standards of risk management, compliance, and operational excellence. As part of our continued growth, we are looking for an experienced Operations Risk Lead to join our Risk Management team and play a key role in strengthening our operational risk framework across the organization.

Position Summary:

The Operations Risk Lead will be responsible for designing, implementing, and enhancing the Operational Risk Management Framework across the organization. The role requires extensive experience in the Capital Markets industry and a strong understanding of operational risk governance, risk assessments, internal controls, incident management, and regulatory compliance. The incumbent will work closely with business leaders and control functions to identify, assess, monitor, and mitigate operational risks while fostering a strong risk culture.

Key Responsibilities:

- Develop, implement, and continuously improve the Operational Risk Management Framework.

- Conduct Risk and Control Self-Assessments (RCSA) across business and support functions.

- Identify, assess, monitor, and report operational risks and recommend appropriate mitigation strategies.

- Maintain and regularly update the Operational Risk Register and track risk mitigation actions.

- Manage operational risk incidents, perform root cause analysis, and monitor corrective and preventive actions.

- Develop, monitor, and report Key Risk Indicators (KRIs) and operational risk metrics.

- Prepare comprehensive risk reports and presentations for the Risk Management Committee (RMC), Board Committees, and senior management.

- Ensure adherence to internal policies, regulatory requirements, and industry best practices.

- Partner with Business, Operations, Compliance, Internal Audit, Legal, and other control functions to strengthen internal controls and governance.

- Drive process improvement initiatives aimed at reducing operational risks and enhancing operational efficiency.

- Support internal audits, regulatory inspections, and compliance reviews related to operational risk.

- Conduct operational risk awareness and training programs across the organization.

- Monitor emerging risks and recommend proactive measures to strengthen the organization's control environment.

Qualifications:

- Bachelor's degree in Finance, Commerce, Economics, Business Administration, or a related discipline.

- Professional certifications such as FRM, CFA, CA, CPA, or equivalent risk management qualifications will be an added advantage.

Experience:

- 8-10 years of relevant experience in Operational Risk Management within the Capital Markets, Securities, Broking, Investment Banking, or Financial Services industry.

- Strong hands-on experience in operational risk frameworks, RCSA, risk registers, incident management, governance, and control assessments.

- Experience preparing and presenting risk updates to senior management, Risk Management Committees, and Board-level forums.

- Demonstrated ability to engage and influence senior stakeholders across business and support functions.

Key Skills & Competencies:

- Strong understanding of Operational Risk Management Frameworks.

- Expertise in Risk & Control Self-Assessments (RCSA).

- Operational Risk Register management.

- Incident and Loss Event Management.

- Key Risk Indicators (KRIs) and risk reporting.

- Process improvement and internal control enhancement.

- Regulatory compliance and corporate governance.

- Excellent analytical and problem-solving abilities.

- Strong communication and presentation skills.

- Effective stakeholder management and cross-functional collaboration.

- Proficiency in Microsoft Excel, PowerPoint, and risk reporting tools.

- Ability to work independently in a dynamic and fast-paced environment.

Preferred Industry Experience:

Candidates with experience in any of the following sectors will be preferred:

- Capital Markets

- Stock Broking

- Securities

- Investment Banking

- Financial Services

- Wealth Management

- NBFCs with Capital Markets exposure