Operational Risk Manager

About the Opportunity
We are seeking a highly motivated and experienced Operational Risk Manager with 713 years of relevant experience to join their team in Hyderabad for a leading Fintech MNC. This is a critical role responsible for identifying, assessing, and mitigating operational risks across the organization. The ideal candidate will possess a strong understanding of operational risk management principles and practices, coupled with excellent analytical and communication skills. You will play a key role in ensuring the firm's operational resilience and compliance with regulatory requirements.
Key Responsibilities
- Develop, implement, and maintain the firm's operational risk management framework, policies, and procedures.- Conduct risk assessments to identify and evaluate operational risks across various business units and functions.- Facilitate and challenge Risk Control Self Assessments (RCSA), ensuring completeness and accuracy.- Develop and monitor Key Risk Indicators (KRIs) to track and manage operational risk exposures.- Perform controls testing to assess the effectiveness of operational risk controls.- Identify and analyze operational risk events, including root cause analysis and development of remediation plans.- Collaborate with business units to develop and implement effective risk mitigation strategies.- Provide guidance and training to employees on operational risk management principles and practices.- Prepare and present operational risk reports to senior management and relevant committees.- Stay abreast of industry best practices and regulatory developments related to operational risk management.- Participate in the development and implementation of new products and services, ensuring operational risks are adequately addressed.- Contribute to the development and maintenance of a strong risk culture within the organization.- Support internal and external audits related to operational risk management.- Assist in the development and execution of business continuity plans.- Contribute to the ongoing improvement of the operational risk management framework.- Support the implementation of new technologies and systems, ensuring operational risks are considered.- Participate in industry forums and working groups to share best practices and stay informed of emerging trends.- Assist with process mapping exercises to identify potential operational risk vulnerabilities.- Oversee the tracking and resolution of error remediation efforts.Eligibility Criteria
- A bachelors degree in finance, business administration, or a related field is required. A masters degree or relevant professional certification (e.g., FRM, PRM) is preferred.- Proven experience in operational risk management within the financial services industry, preferably in asset management or investment banking.- In-depth knowledge of operational risk management principles, practices, and regulatory requirements.- Strong analytical and problem-solving skills, with the ability to identify and assess complex operational risks.- Excellent communication and interpersonal skills, with the ability to effectively communicate with stakeholders at all levels.- Ability to work independently and as part of a team.- Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint).- Demonstrated ability to manage multiple projects simultaneously and meet deadlines.- A strong understanding of risk & compliance requirements within the financial services industry.- Experience with risk management software and tools is a plus.- A proactive and results-oriented approach.- Ability to adapt to a changing environment and embrace new challenges.