Operational Risk Manager- Treasury / Financial Market _ BFSI

Role & responsibilities

Treasury, FM (Financial Market), FMO, FMMO (FM Middle Office)

RCSA / Thematic:

• Conceptualize, plan and ensure comprehensiveness coverage of RCSA/ thematic reviews to identify material risks/gaps. Ensure updation of risk library & timely execution of reviews
• Review findings and discuss with business articulating the issues identified/risk mitigation action plans

KRI

• Identify new/critical risk indicators; review & modify existing indicators for effectiveness
• Monitor breaches and discuss with business for suitable action plans for reducing breaches

OR Events

• Ensure appropriate review /analysis of root cause and mitigation/actioning of operational risk events. Ensure timely completion/release of analysis

BCP/ Vendor Risk Reviews/ ITAC

• Review BCP and Business Impact Analysis of units to understand/identify critical activities and work-around plan incase of contingencies
• Plan Vendor risk review to ensure comprehensiveness / timely completion and review/ discuss observations with business articulating the issues identified/risk mitigation action plans
• Plan/review Information Technology Access Control (ITAC) risks and testing as per plan

PPACs/SOPs

• Timely & comprehensive review of new product or processes / existing SOPs from operational risk perspective and highlight material risks & ensure necessary controls have been put in place by the Proposing Unit

Open Issues

• Monitor status of open issues across - RCSA, Events, ORMC, VRR, PPACs
• Ensure continuous follow-up / discussion with business on the timely updation and closure of pending open issues

Review MIS/reports/submissions to ORMC, RMC, stakeholders. Timely closure action items from ORMC, IAD, RAR, Regulatory Circulars etc

Risk and Internal Control Responsibilities

• Monitor, review, and communicate the impact of risks to businesses
• Work together with other organizational line of defense (i.e. Compliance, Internal Audit, etc.).