Senior Manager - Product Operational Risk

Purpose of Job

The purpose of this role is to thoroughly assess and gain a deep understanding of the financial product journey (e.g., Savings Accounts, Current Accounts, Wallets) and platforms (e.g., Mobile Applications, Websites) with the Product Owner by ensuring compliance with Risk Management Policy & Operational risk aspects while maintaining seamless and secure customer experience

The objective is assist to help the bank to identifying and accurately capturing the potential risksboth financial and non-financial, including regulatory, reputational, and operational risksthat may arise during the product lifecycle. The role also include testing the controls if they are accurately addressed to operate effectively

• Conduct detailed evaluations of the financial product journeys and processes (new or existing) to identify potential risks including financial, regulatory, reputational, and operational.
• Assessment of the banking Products to ensure adherence with applicable regulations and internal policies by evaluating the Design & Operating Controls effectiveness to address the identified risks during the product lifecycle
• Collaborate with Product Owners to ensure all identified risks are accurately captured and documented and providing recommendation for mitigating risk exposures
• Work closely with cross-functional teams, including Products, Technology, Compliance, InfoSec, Finance, etc. for risk management strategies into product finalization
• Monitor operational risk indicators and escalate any potential breaches or concerns
• Carrying out ORM activities like RCSA, KRI, incident management, Loss data management etc
• Assist in preparing various risk reports

Experience:

• 5-10 years of experience in Risk Management within the Indian BFSI industry, with a specific focus on core banking products such as Savings Accounts, Current Accounts, and Payment Products.

Technical Knowledge:

• Strong understanding of Indian financial products (Savings Accounts, Current Accounts, UPI, Wallet etc.) and platforms.
• Knowledge of Indian regulators and their requirements applicable to the financial institutions
• Ability to ensure product compliance with operational risk requirements
• Understanding with risk management frameworks.
• Proficient in control design and testing methodologies.
• Proactive identification and mitigation of risks to safeguard the bank and its customers.
• Excellent communication and collaboration skills to work effectively with cross-functional teams.

Interested candidates can share their cv at sanjana@beanhr.com