Operational Risk

As an Operational Risk Manager, your role involves thoroughly assessing and gaining a deep understanding of digital financial product journeys and platforms with the Product Owner to ensure compliance with Risk Management Policy & Operational risk aspects while maintaining a seamless and secure customer experience. Your objective is to help the bank in identifying and accurately capturing potential risks, both financial and non-financial, including regulatory, reputational, and operational risks that may arise during the product lifecycle. Your responsibilities include: - Conducting detailed evaluations of financial product journeys and processes to identify potential risks such as financial, regulatory, reputational, and operational risks. - Assessing banking products to ensure adherence with applicable regulations and internal policies by evaluating the effectiveness of Design & Operating Controls to address identified risks during the product lifecycle. - Collaborating with Product Owners to accurately capture and document all identified risks, providing recommendations for mitigating risk exposures. - Designing and driving Enterprise-wide Operational Risk Management Frameworks (ORMF), Policies, and procedures. - Implementing the RCSA framework including identification, monitoring, and RCSA testing across all Products, Business, and support functions. - Managing end-to-end Operational Risk Loss data/events including RCA of risk events. - Preparing Operational Risk Reports for Senior Management, Board Risk Committee, and regulators (RBI, NPCI, CSITE). - Monitoring operational Key risk indicators (KRIs) and escalating any potential breaches or concerns. - Performing Thematic Reviews on Banks Products & services and reporting findings along with management action plans and recommendations to the ORMC/RMCB. - Working closely with cross-functional teams for risk management strategies into product finalization. - Producing high-quality Operational Risk dashboards and trend analysis. - Establishing a strong risk culture through training and awareness programs. Qualifications required for this role include: - Bachelor's degree in Risk Management, Business Administration, Finance, or a related field. - Professional certifications in Risk Management (e.g., CRISC, FRM, CA) are preferred. CISA will be an added advantage. - Experience in a similar role within the banking or financial services industry is highly desirable. Your technical knowledge should include: - Strong understanding of digital financial products and platforms. - Knowledge and detailed understanding of Indian Banking regulators including RBI, NPCI, CSITE, and their requirements. - Understanding of BCP requirements and ability to support the development of BCP and crisis management plan. - Proficiency in RCSA control design and testing methodologies. - Excellent communication and collaboration skills to work effectively with cross-functional teams. By fulfilling these responsibilities and qualifications, you will play a crucial role in ensuring operational risk management within the banking sector.,