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Operational Risk Senior Specialist, AVP

5 - 8 years

0 Lacs

mumbai maharashtra india

Posted:1 month ago| Platform: Foundit logo

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Skills Required

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Work Mode

On-site

Job Type

Full Time

Job Description

Position Overview

In Scope of Position based Promotions (INTERNAL only)

Job Title: Operational Risk Senior Specialist, AVP

Location: Mumbai, India

Role Description

The purpose of the Operational Risk Management (ORM) function is to ensure that the bank's Operational Risk (OR) exposure is adequately managed in-line with the group wide risk appetite and ORM framework. To achieve this, the ORM function requires:
  • Risk Managers with the experience, seniority and capability to assess complex risks and intervene where they lie outside the bank's risk appetite.
  • A comprehensive, integrated, simple and easy to use OR Framework with supporting technology that assists risk identification, assessment, remediation and monitoring.
  • Strong understanding of the businesses combined with regular engagement which would allow ORM to provide support, review and challenge in line with the 3 Lines of Defence Model.
  • Proper consideration of emerging risks, rather than just current issues.
  • Effective governance combined with supporting contextual data that facilitates decision-making.
ORM is a matrix organisation with business / region and functional specialist axes.
The role is a Regional OR Manager focusing on all Risk Owning groups across the region, in line with the ORM framework and mandate. Specifically, the role performs independent oversight on the implementation of the Group's ORM Framework within the Business Divisions and Infrastructure Functions and independently assess material risks and/or key controls (as required), providing independent review and challenge.

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