AVP|Senior Manager | Operational Risk | Bank |5|10 yrs|
- Category: Bank Jobs
- Location: Mumbai, , Maharashtra
- Job Type: Full Time / Part Time
- Salary: Estimated: $ 24K to 27K
- Published on: 2025/09/21
AVP/Sr Manager Operational Risk
We have an urgent Opening for AVP/Sr Manager-Operational Risk with one of our Banking Client for Mumbai location.
ROLE AND RESPONSIBILITIES :
- Support Head-ORM in implementing Operational Risk Management framework and facilitate understanding of operational risk requirements across Business, Support & Operations units assigned.
- Review Risk Register (identification of risks and their controls), RCSA and KRI for assigned units.
- Reviewing the Risk Register and RCSA that are updated in line with change in Product/ Process/ Technology/ Regulations from time to time.
- Undertake timely periodic review of Key Risk Indicator (KRI) and Risk and Control Self- Assessment (RCSA) exercises.
- Review the Loss Event Reporting for the units assigned as per the ORM policy and ensure the Root Cause is analyzed, Corrective Actions taken and Preventive Actions drawn up to prevent re-occurrence.
- Reach out to other internal and external stakeholders as may be required to validate the submission.
- Track the appropriate and timely resolution of Issues and Preventive Actions identified by units.
- Review Product Notes and Processes (SOP / Policy / Manuals) to identify key risks and ensure mitigates / controls are provided by owners.
- Bring in and sustain improvement in the operational efficiency and effectiveness of operational risk processes for the assigned units.
- Assist in developing Business Continuity Framework within the organization.
- Providing relevant inputs for the ORMC Deck.
- Other ad-hoc assignments and projects that may be assigned from time to time.
QUALIFICATIONS AND EDUCATION REQUIREMENTS :
- Graduate / Post Graduate with a minimum 5 years' experience in First/Second Line Operational Risk Management.
- A Professional Degree with an experience in Assets Operations, Branch Banking Operations, Treasury units within a Bank will be an added advantage.
- Experience in implementing Operational Risk Management tools (RCSA, KRI, Incidents) for units.
- Good knowledge of Banking products for SMEs, Supply Chain, Micro Finance and Treasury.
- Understanding of industry trends and developments as well as their impact on the business
- Strong communication and writing skills & fluent in written and verbal English
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