Job
Description
About Us At SBI Card, the motto Make Life Simple inspires every initiative, ensuring that customer convenience is at the forefront of all that we do. We are committed to building an environment where people can thrive and create a better future for everyone. SBI Card is proud to be an equal opportunity & inclusive employer and welcome employees without any discrimination on the grounds of race, colour, gender, religion, creed, disability, sexual orientation, gender identity, marital status, caste etc. SBI Card is committed to fostering an inclusive and diverse workplace where all employees are treated equally with dignity and respect which makes it a promising place to work. What s in it for YOU SBI Card truly lives by the work-life balance philosophy. We offer a robust wellness and wellbeing program to support mental and physical health of our employees Admirable work deserves to be rewarded. We have a well curated bouquet of rewards and recognition program for the employees Dynamic, Inclusive and Diverse team culture Gender Neutral Policy Inclusive Health Benefits for all - Medical Insurance, Personal Accidental, Group Term Life Insurance and Annual Health Checkup, Dental and OPD benefits Commitment to the overall development of an employee through comprehensive learning & development framework Role Purpose To effectively execute Enterprise Risk Management framework, interact with senior management team, highlight gaps in processes/ controls through effective risk assessment and governance of risk management processes in the organization. Role Accountability Organize and manage Enterprise Risk Management Committee (ERMC), Operational Risk Management Committee (ORMC), Information Security Committee(ISC) and New Product Introduction (NPI) meetings and highlight new material risks for the company and to ensure they are discussed at appropriate forums Prepare agenda/documentation/ minutes/ for ERMC, ORMC, NPI and ISC meetings and ensure adequate follow up of the issues/ recommendations of the committees and perform independent validation of closed items, highlight gaps to committee, if any Monitor Enterprise Risk Management practices to identify, analyze and report enterprise wide risk Ensure effective implementation of organization s risk management policy in accordance with risk appetite/ risk objectives and ISO 31000 framework and ensure its compliance with regulations and alignment with SBI policy strategically Design and maintain risk management tools like Key Risk Indicators, loss database, scenario analysis, stress test, etc. Report performance of KRI against management approved thresholds to risk committee Review KRI library including risk thresholds annually and recommend for update to VP ERM, wherever required Policy governance - Track policy approval due date, align documents with parent policy and regulatory guidelines, discuss gaps with policy owner and ensure document is updated before submission to board for approval and obtain stakeholder inputs before policy submission to policy review committee Develop frameworks and risk management programs to build risk proficiency and enhance organization risk culture Assist in strengthening ORM Framework, participate in Risk and Control Self-Assessment (RCSA) exercise, identify vulnerabilities and potential control gaps, discuss and formulate action items with process owners to bridge gaps and track action items for timely closure Perform independent testing to evaluate efficacy of internal controls, process, procedures or systems and consult with first line to open issues related to control failures, implementation plans and timelines to implement recommended actions Manage OR incidents, liaise with business for RCA, resolution and corrective action plan and report OR incident report to senior management Prepare ISO 27001 risk register and ensure it is current and updated Ensure adherence to regular process documentation practices in compliance with the process guidelines Measures of Success Completeness and timeliness in Board documentation, Timely reporting to SBI Monthly ORMC and quarterly ERMC are held in time and minutes circulated and tracked for implementation Effective Policy Management and Risk policy implementation Product governance and reviews are held as per schedule and in line with NPI process RCSA testing is done as per the process defined No adverse regulatory/audit findings Timely design and implementation of Risk awareness programs Timely and accurate updation of process documentation Process Adherence as per MOU Technical Skills / Experience / Certifications Extensive knowledge of Enterprise Risk Management frameworks and principles Experience in preparing deliverables for Management Committees and Board reporting Ability to apply Risk Management techniques for risk identification, assessment, measurement and the monitoring of exposures that may threaten the organization, come up with recommendation for result-oriented solutions Understanding of COSO Internal Controls Framework and ISO 31000 framework Understanding of Basel III Operational Risk Competencies critical to the role Team Player and ability to operate with tight deadlines Strong Communication & Interpersonal Skills with ability to effectively communicate across all levels of an organization and outside company boundaries Qualification CA/MBA Finance Preferred Industry BFSI, Any
