- This is a key role within the Second Line of Defense responsible for providing independent risk oversight & effective challenge of Operational Risks in banking operations.
- Contributes towards building robust Operational Risk Management practices by partnering with senior stakeholders across Business Units & Risk Management teams.
Job Details
Position Title: Advisor - Operational Risk Management
Career Level: P1
Job Category: Associate
Role Type: Hybrid
Job Location: Bangalore
About the Team:
The Operational Risk Management (ORM) QC function is a team of Risk Professionals who promote risk management excellence by fostering a culture that is proactive, transparent and accountable, ensuring that risk is managed effectively in alignment with FCB s risk appetite and strategic objectives. This is a second line of defense team acting as trusted advisors to the business in managing Operational Risk across multiple Risk Categories (e.g. Technology, Cybersecurity, Enterprise Operations, Finance, etc.).
Impact
This is a key role within the Bank s second line of defense. The role is responsible to execute complex and broader oversight Operational Risk Program (ORP) QA over ORM Risk Programs such as controls testing, RCSA, Operational Risk Events (ORE) along with maintaining quality of deliverables supporting Audit and Regulatory remediations through validation of the final outputs.
Key Deliverables
The Associate Risk and Control will be responsible for evaluating control procedures and processes addressing operational and compliance risks for the bank. In this process they will adopt the banks control testing standard, procedures, and industry best practices. The person in this role will be responsible for updating the status of control testing, discussing delays and escalating any roadblocks to the manager. Additionally, the person in this role will assist with ad hoc and special projects.
The role will primarily involve review and challenge of the first line control testing. This will include reviewing and challenging the Design and Operating effectiveness assessment performed by first line testing and evaluating its adherence to banks Controls Assurance (CA) standards. The review and challenge effort will evaluate if the first line test assessed the controls effectiveness in mitigating the risks it intended to cover.
The person in this role will be responsible for updating the status of control testing, discussing delays, and assisting with project status reporting. Additionally, the person in this role will assist with adhoc and special projects.
The Associate Risk and Control in this role assumes responsibility as tester for assigned key controls on various operational and compliance risk topics and is required to test controls which are automated, manual, preventive, detective and deliver the following:
Skills and Qualification
Functional/ Technical Skills:
- Knowledge of operational and compliance risks in a banking environment and key controls mitigating those risks
- Well versed with control testing process including Design Effectiveness (DE) and Operating Effectiveness (OE) testing
- Knowledge of consumer, commercial and other banking processes and related risks and controls
- Knowledge of corporate functions in a banking set-up such as human resources, marketing and strategy, finance, etc.
- Organized and structured
- Strong communicator with excellent written and oral skills
- Team orientation and collaboration
- Bachelors Degree preferably in accounting or finance
- Experience in banking and financial services with exposure to control testing
- Working knowledge of Microsoft products required
- Overall experience of 2-3 years in Risk Management
Relationships & Collaboration
- Reports to: Associate Director / Director - Operational Risk Management
- Partners: Senior business leaders and cross-functional teams
