Senior Manager - Operational Risk Management - BFSI

Main Purpose Of Job :

To establish the Governance and related Operational Risk Policies, Procedures, required to Program Manage the Operational Risk activities for the organization

Key Accountabilities:

- Governance, Policies, Procedures, Program Management, Training - Establish the minimum requirements of the governance, policies and procedures for the Operational Risk Management framework based on AXA Polices and industry best practices

- Establish the Training program for the risk coordinators on all policies and procedures related to operational risk

- Managing the Operational Risk Register - Updating the risk register with the new risks identified

- Monitor the control effectiveness for the risks identified

- Quantification of Risks

- Maintaining the Internal controls in Financial Reporting is adequately implemented.

- Monitoring the progress of the corrective actions proposed to be taken for different risks

- Coordinating with the functions to analyze the progress of the corrective actions

- Publishing the Risk vs Control dashboard

- Incident management and Loss Data Collection, Control Assessment

- Managing Operational Risk and Controls

- Monitor the corrective and preventive actions for the incidents

- Periodic discussion with the functions to understand the loss that has occurred.

- Vendor control assessment to be completed as part of Outsourcing Policy requirement

- Control assessment needs to be completed for the functions as per management's direction

- Any control failure needs to be reported and to be mapped to risk register

- All BRS/BRDs need to be reviewed to establish the operational risks associated with the project are adequately addressed though effective control implementation

Competencies Knowledge/Skills Abilities/Attributes :

- Good communication skills in both verbal and written

- Good knowledge on the Risk Management Concepts

- Hands on experience on control assessment and root cause analysis

- Hands on experience in internal audit/ review

- Timely deliverables of reports - Ability to maintain and build on existing stakeholder management

- Ability to drive the risk management culture in the organization

- Ability to speak to prospects in both a business and general risk management language

- Ability to analyze and understand business requirements and deliver the same

- Willingness to travel

Key Customers: Internal/External :

- Internal Stakeholder are : Executive Management & Mid management

- External Stakeholder consist of AXA Regional/ Group members & Local Vendors

Working relationship within business units : (only for e1 and above) NA

Qualifications & experience : CA/ MBA 10-12 years of similar experience is required

Target industry/companies preferably from banking or insurance industry