Website:
kotakneo.com
Job details:
Role: Operation Risk Management
Years of experience - 3 -5 Years
Requirement: BFSI Sector CA/MBA/M.Com
Location - Mumbai (Goregaon)
Key Responsibilities-
- Support the implementation and continuous enhancement of the Operational Risk Management (ORM) Framework across business, operations, and support functions.
- Partner with stakeholders to identify, assess, monitor, and mitigate operational risks through Risk Registers and Risk & Control Self-Assessment (RCSA) exercises.
- Review and challenge Risk Registers and RCSAs periodically to ensure alignment with changes in products, processes, technology, business models, and regulatory requirements.
- Monitor and analyse Key Risk Indicators (KRIs), identify emerging risk trends, and facilitate timely remediation of control gaps and risk events.
- Conduct end-to-end process reviews to identify operational risks, control weaknesses, process inefficiencies, and opportunities for control enhancement and automation.
- Review Product Notes, SOPs, Policies, Operating Manuals, and business processes to identify key risk exposures and ensure effective preventive, detective, and corrective controls are embedded.
- Review and assess application access controls and user entitlement management processes, including user provisioning, de-provisioning, role-based access, periodic access recertification, privileged access management, and segregation of duties controls.
- Review physical access control processes for critical offices, data centres, records storage locations, and restricted areas to ensure compliance with security and regulatory requirements.
- Support Third-Party Risk Management (TPRM) and Outsourcing Governance activities, including vendor onboarding due diligence, vendor risk assessments, outsourcing compliance, periodic reviews, contract governance, and vendor site visits.
- Track operational risk incidents, near misses, audit observations, and regulatory findings, and facilitate closure of corrective and preventive actions.
- Assist in preparing risk reporting, governance dashboards, committee packs, and presentations for the Risk Management Committee (RMC), Group Risk Management Committee (GRMC), ICAAP, and senior management forums.
- Support the development of risk MIS, control monitoring dashboards, management reporting, and risk analytics to support informed decision-making.
Preferred Candidate Profile
- 3-5 years of experience in Operational Risk Management, Enterprise Risk Management, Internal Controls, Risk Consulting, Audit, Compliance, or Banking/Financial Services Risk functions.
- Strong understanding of Risk Registers, RCSA, KRIs, Operational Risk Frameworks, Outsourcing Risk Management, and Regulatory Compliance.
- Experience in the Banking, Broking, NBFC, Capital Markets, Financial Services, or FinTech sector will be preferred.
- Excellent analytical, stakeholder management, communication, and report-writing skills.
- Proficiency in Excel, PowerPoint, and risk reporting tools.
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