Risk:PMC & CMC Team

PMC/CMC TeamINTERNAL USAGENo of Vacancies1Reports toDVPIs a Team leader?Team SizeGradeBusinessCorporate CenterDepartmentRiskSub-DepartmentPMC/CMCLocationCOAbout RiskThe Risk department ensures that the Bank s risk is managed through a risk management architecture as well as through policies and processes approved by the Board of Directors encompassing independent identification, measurement and management of risks across the various businesses of the Bank The Risk department of the Bank strives to proactively anticipate vulnerabilities at the transaction as well as at the portfolio level, through quantitative or qualitative examination of the embedded risksAbouttheRoleEffective management of the Product/Process Approval framework of the Bank The framework ensures that approval for new products / processes and changes therein are introduced through a documented procedure in order to ensure that risks associated with products and processes are identified and necessary controls are defined and agreedIndependently managing and driving process approvals for new products or change in the processes pertaining to Cards and Merchant Acquiring business, WBP, Retail Lending BusinessEvaluating new products and its related processes/changes in existing processesEffectively reviewing processes, identifying gaps in the process and finalizing the solution approach with business/operations unit before circulating the notes to stakeholders for their approvalEnsuring comprehensiveness of process, zero design failures and providing inputs to make the process more efficient and seamless with emphasis on automationIdentification of potential risk in processes and suggesting mitigants for strengthening the processLiaise and coordinate with key stakeholders across business functions to ensure that a robust process is introduced within the stipulated timelinesTo create awareness in the business units to ensure that the unit adheres to the laid down guidelines and the policies of the Bank, so that all the new/changes in the existing processes are approved and documented appropriatelyCarrying out process walkthroughs and control testing of approved processesValidation of Risk and controls identified during process approval and its effectivenessInitiation of Projects with high ficial impact / Improvement of Customer ServicePreparation and submission of presentations/ reports/MIS within stipulated time and with precise informationQualificationsGraduate/Post Graduate with good academic background with 8 - 10 years of banking experienceCandidate having previous experience in Payments Systems (Cards and Merchant Acquiring) would be preferredRole ProficienciesExpert knowledge and understanding of Cards and Merchant Acquiring offerings including regulatory guidelinesShould be able to independently partner with Business functions and have a collaborative approach while assessing the product/processHands on experience in Cards & Merchant Acquiring business will be a plusShould have strong analytical & problem solving skillShould have good communication, presentation and inter-personal skillsShould have high level of motivation and be a fast learnerInnovative thinking and awareness of industry practiceStrong individual contributor, with high degree of self-reliance and self-initiative