Operational Risk Manager - Mumbai - GO/JC/173/2025

Job Description

Job Description Job Overview: The Operational Risk Manager is responsible for managing the entire operational risk framework, ensuring the highest standards of credit & risk compliance. This role is crucial in identifying, assessing, monitoring, and mitigating operational risks across the organization. Key Responsibilities  Collaborate with cross-functional teams to proactively identify, assess, measure, and report risks.  Establish and review the Risk and Control Self-Assessment (RCSA) framework, ensuring timely identification and mitigation of risk issues.  Develop and implement risk management strategies and procedures for robust risk mitigation.  Conduct risk assessments and provide actionable recommendations for risk reduction.  Assist business units in identifying and monitoring Key Risk Indicators (KRI), ensuring timely resolution of breaches.  Ensure compliance with regulatory guidelines and internal risk policies.  Provide expert guidance and support to operational teams in managing risk exposure.  Stay informed of industry best practices and evolving regulatory changes related to risk management.  Prepare and present comprehensive risk management reports to senior leadership.  Review Root Cause Analyses (RCA) to prevent recurrence of identified risk events.  Monitor implementation of mitigation action plans for high-risk indicators.  Support development and execution of operational risk policies, procedures, and appetite statements.  Maintain risk tools, databases, and systems while driving continuous improvement.  Conduct training and awareness sessions on risk identification and mitigation strategies.  Ensure regular review of risk management tools like KRIs, loss databases, and risk thresholds.  Generate timely and accurate operational risk reports including event reporting and monthly risk assessments.  Engage business/support units in risk methodologies like Risk Event Reporting, RCSA, and KRI tracking.  Drive enterprise risk system enhancements, ensuring alignment with global best practices and regulatory standards.  Maintain monthly risk reporting cadence for senior management, ensuring proactive risk management.  Ensure timely RCSA execution and gap remediation, fostering a risk-conscious culture. Core Competencies, Knowledge & Experience  Experience: 2-5 years in leading Operational Risk Management roles.  Strong analytical and problem-solving skills.  Excellent interpersonal and communication skills.  Ability to work independently with minimal supervision.  Proven expertise in Credit/Risk Analysis within banking or NBFC sectors.  Additional experience in other risk domains is an advantage.  High proficiency in MS Excel and PowerPoint for data analysis and reporting.  Hands-on experience using risk assessment tools. Must-Have Technical/Professional Qualifications  CA/MBA or equivalent professional qualification. Skills Required RoleOperational Risk Manager - Mumbai Industry TypeBanking/ Financial Services Functional Area Required Education CA Employment TypeFull Time, Permanent Key Skills FINANCIAL & STATISTICAL ANALYSIS R EGULATORY C OMPLIANCE RISK ASSESSMENT & MITIGATION Other Information Job CodeGO/JC/173/2025 Recruiter Name Show more Show less