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22/05 Pravin Rai

Views:1006 Applications:205 Rec. Actions:Recruiter Actions:103

Tata AIG - AVP - Operational Risk (12-16 yrs)

Mumbai Job Code: 823729

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

1. Governance, Policies, Procedures, Program Management, Training:

- Establish the minimum requirements of the governance, policies and procedures for the Operational Risk Management framework based on TATA AIG Enterprise Risk Management policies and industry best practices

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

2. Assurance testing & Back testing, Defining the Key risk Indicators:

- Review of 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

3. Incident management and Loss Data Collection, Control Assessment:

- Managing Operational Risk and Controls for the Business processes.

- 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

- Project Risk Assessment conducted so that identified risks are adequately addressed though effective control implementation

Women-friendly workplace:

Maternity and Paternity Benefits

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