OPTIMAS.AI Inc
Website:
optimas.ai
Job details:
Position: Risk Manager / ERM Specialist
Experience
6+ Years
Department
Risk Management / Enterprise Risk
Location
Mumbai, India
Industry
BFSI / Financial Services / NBFC
ABOUT THE ROLE
We are seeking an accomplished and strategic Risk Manager with 6+ years of experience in Enterprise Risk Management (ERM) and Operational Risk Management (ORM) within the financial services sector. The ideal candidate will bring a strong blend of analytical acumen, cross-functional collaboration, and deep expertise in risk frameworks, regulatory compliance, and data-driven risk mitigation. This role demands a professional who has not only worked within ERM systems as a power user but has also contributed to designing, implementing, and evolving enterprise-wide risk strategies.
KEY RESPONSIBILITIES
Enterprise Risk Management (ERM)
• Design and implement Enterprise Risk Management frameworks aligned with organizational risk appetite and regulatory requirements.
• Define, monitor, and report on Key Risk Indicators (KRIs) with appropriate thresholds, weightages, and escalation protocols.
• Conduct comprehensive risk impact and likelihood analysis using established risk models including Heat Maps, Risk Barometers, and Quadrant Shift Studies.
• Perform in-depth analysis across multiple industry risk categories, evaluating risk directions and shifts across the risk landscape.
• Develop and maintain a clear and structured risk taxonomy to ensure consistent classification and communication of risks across the organization.
• Serve as a primary user and subject matter expert of the ERM system, ensuring accurate data capture, reporting, and utilization of ERM tools.
• Implement and continuously enhance risk frameworks, ensuring they remain current with evolving regulatory guidelines and industry best practices.
Operational Risk Management (ORM)
• Lead and oversee SOP and Risk Control Matrix (RCM) revamp initiatives in collaboration with external consultants (e.g., KPMG) and internal stakeholders.
• Conduct Risk and Control Self-Assessments (RCSA) and control testing across business functions.
• Collaborate with cross-functional teams across Finance, Operations, Legal, Compliance, HR, IT, Credit, Collections, and Customer Care to embed risk culture.
• Prepare executive-level risk reports and dashboards for senior management and board-level committees.
• Monitor and evaluate the effectiveness of risk controls and processes, driving continuous improvement initiatives.
Risk Assessment & Analytics
• Conduct thorough risk assessments across diverse financial products including Gold Loans, SME Lending, Digital Finance, Co-lending, MOHO, Loan Against Securities, and Corporate Real Estate.
• Analyze large and complex datasets to identify trends, correlations, and risk signals relevant to business strategy and risk mitigation.
• Leverage data analytics and risk modelling techniques to deliver actionable insights to decision-makers.
• Support strategic planning through market research, industry trend analysis, and risk-adjusted scenario planning.
IT & Cyber Risk Management
• Coordinate with IT and Cybersecurity teams to assess technology-related risks and ensure appropriate controls are in place.
• Support IT risk assessments and contribute to business continuity and disaster recovery planning.
QUALIFICATIONS & EXPERIENCE
Educational Background
• MBA / Masters in Finance, Risk Management, or a related field (required).
• B.Sc. in Computer Science, Mathematics, or equivalent quantitative discipline (preferred).
Experience
• Minimum 6+ years of progressive experience in Risk Management, with demonstrated expertise in ERM and ORM within BFSI or NBFC environments.
• Proven track record of working as an active user of Enterprise Risk Management (ERM) systems and tools.
• Prior experience managing or coordinating with Big 4 / consulting firms on risk projects is a strong advantage.
• Background in software engineering or technology roles is a significant plus, enabling effective collaboration with IT risk teams.
KEY SKILLS & COMPETENCIES
• Skilled in designing and implementing Enterprise Risk Management frameworks from concept through execution.
• In-depth understanding of global and domestic risk frameworks (ISO 31000, COSO ERM, RBI Guidelines, etc.) with hands-on implementation experience.
• Clear understanding and expertise in developing and maintaining a comprehensive risk taxonomy.
• Experienced as a power user of ERM systems — capable of configuring, utilizing, and optimizing ERM platforms for reporting and risk tracking.
• Strong proficiency in data analytics, risk modelling, and quantitative risk assessment techniques.
• Advanced knowledge of RCSA methodology, control testing, and audit facilitation.
• Excellent command of MS Office suite, particularly Excel for data analysis and PowerPoint for executive presentations.
• Strong stakeholder management and communication skills across all organizational levels.
• Familiarity with Agile project management methodologies and cross-functional team collaboration.
• Certifications such as FRM, PRM, Operational Risk certification (CRISIL/GARP), or equivalent are highly desirable.
PREFERRED CERTIFICATIONS
• Financial Risk Manager (FRM) — GARP
• Professional Risk Manager (PRM) — PRMIA
• Operational Risk Management Knowledge Badge — CRISIL
• Investment Banking Certification — JP Morgan
• Data Analytics / Business Intelligence Certifications
• MS Office Advanced Certification
WHAT WE OFFER
• A leadership opportunity within a dynamic and growing financial institution.
• Exposure to enterprise-wide risk programs across diverse financial products and business lines.
• Collaborative environment with access to industry-leading risk tools and frameworks.
• Competitive compensation package aligned with experience and expertise.
• Opportunities for professional development, certifications, and career advancement.
Click on Apply to know more.