29/09 Darryl Pais
Managing Director at Corporate Search & Placements Pvt. Ltd.

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Vice President - Operational Risk & Planning - Bank (10-15 yrs)

Mumbai Job Code: 497598

We have been retained by our client, a well established, professionally managed foreign bank to identify a Vice President- Operational Risk and Planning. The position is based at Mumbai.


- Assist the Operations Head in directing and overseeing the day-to-day management of operational risks at the branch operations level including driving and directing compliance in each branch.

- Implement controls within the operations of the branch to meet regulatory and internal requirements. In addition, drive and implement an effective risk management framework, and promote a strong risk management and a compliance culture.

- Partner the branches on operational risk matters to ensure operations are balanced with risk management and control. Ensure proper functioning of day-to-day controls, periodic monitoring activities, timely identification and reporting of significant risks and losses and effectiveness of risk mitigation actions


- Work as a team to drive and support the identification and management of operational risks on a daily basis and a source of reference within the branch in facilitating and promoting the understanding of Operational Risk and compliance requirements and issues.

- Ensure that policies are implemented effectively within branches, new regulations are properly communicated, and provide quality assurance on the design of the control measures and monitoring plans. Coordinate, analyze and consolidate Operational Risk and loss reporting to the Business Unit Head.

- Design and implement control measures and monitoring plans for compliance and operational risk management. Ensure that controls are effective for compliance monitoring and risk management.

- Ensure adherence to the risk management framework in identifying, controlling, monitoring and reporting of risk.

- To conduct annual review of Operational Risk Management Policy and other associated frameworks such as Business Continuity Management, Outsourcing Policy, etc.

- Actively participate in ongoing Technology projects and associated risks.

- Prepare internal audit report and trace outstanding audit issues.

- Work with various departments to strengthen internal control system & improve existing practices

- Ensure all essential policy and regulatory requirements are communicated and disseminated to the relevant parties on a timely basis.

- Ensure sufficient actions are undertaken to mitigate, reduce or contain the identified operational risks. Undertake and / or coordinate periodic operations monitoring (self-assessment) activities, escalating issues to operations Head.

- Ensure adherence to the risk management framework in identifying, controlling, monitoring and reporting of risk.

- Review reports on Branch performance on all Inspection activities against bank Policies and procedures


- Have a process orientation to understand what can go wrong with processes and provide direction to set them right.

- Good communication and Project management skills

- Ability to work in a team

- Ability to take a global approach and a good sense of risk

- Ability to analyze and be critical

- Integrity and professionalism

- Planning & Organizing

- Judgement

- Innovation & Change


Ideal candidates meeting with the above criteria should be CA's or MBA's with 10 to 15 years of relevant experience in understanding risks associated with branch operations.

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.

Women-friendly workplace:

Maternity and Paternity Benefits

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