Description:

About the Role

A leading NBFC is seeking a seasoned Operational Risk professional to strengthen its Enterprise Risk function. The role requires deep expertise in Operational Risk frameworks, regulatory expectations, and hands-on execution of RCSA, control testing, incident management, and operational risk capital calculations.

The ideal candidate should have end-to-end ORM experience within the BFSI sector and a strong understanding of BASEL guidelines and RBI regulatory requirements.

Key Responsibilities:

Operational Risk Framework & Governance:

- Develop, implement, and maintain the Operational Risk Management framework, policies, and governance processes.

- Partner with the First Line of Defence to identify, assess, monitor, and report operational risks across business lines.

- Lead end-to-end RCSA activities including risk identification, inherent/residual risk scoring, and control evaluation.

- Conduct control design and effectiveness testing and provide independent risk insights.

Incident & Loss Data Management:

- Manage end-to-end incident reporting and root cause analysis.

- Maintain and update the operational loss database, ensuring timely closure of corrective actions.

- Support implementation of Key Risk Indicators (KRIs) and monitor breaches/trends.

Regulatory & Quantitative Risk:

- Support Operational Risk Capital computation as per regulatory guidelines (BIA/TSA/ASA).

- Implement BASEL-aligned methodologies and ensure compliance with RBIs ORM expectations.

Process & Product Risk:

- Review SOPs, policies, and new/existing products for operational risks.

- Conduct product/process level risk assessments and propose mitigation measures.

Stakeholder Engagement:

- Collaborate with business teams, audit, compliance, fraud risk, and information security functions.

- Drive ORM awareness through coaching and training initiatives.

- Provide risk insights and reporting to senior management.

Required Experience & Qualifications:

- 8-12 years experience in Operational Risk or Enterprise Risk within NBFCs or Banks (mandatory).

- Strong hands-on experience in RCSA, control testing, incident management, KRIs, and loss data reporting.

- Working knowledge of BASEL norms, operational risk capital computation, and risk quantification practices.

- Strong analytical ability, stakeholder management, and business understanding.

- Proficiency in MS Excel and PowerPoint; data analysis tools are an advantage.

- Graduate/Postgraduate in Finance / Risk / MBA / CA / ORM Certification preferred.

Key Competencies:

- Deep understanding of operational risk frameworks in BFSI.

- Strong strategic and analytical thinking.

- Excellent communication, presentation, and problem-solving skills.

- Ability to work independently and manage multiple stakeholders.

- Comfort with ambiguity, high ownership, and proactive risk management mindset.