Chief Manager/Senior Manager - Operational Risk - Vehicle Loan - CA

JD for Chief Manager/Sr. Manager-Operational Risk

- Initiate and develop OR policies, processes, and frameworks according to standards for risk management.

- Review of OR Framework and related policies related to the business unit

- Implement a plan to prevent, eliminate/minimize and mitigate operational risks.

- Conduct root cause analysis of OR incidents and ensure effective corrective action

- Support the business to design controls to enable risk management for new products/processes

- Drive continuous improvement in the business control environment by using OR tools

- Conduct RCSA and discuss with functional heads for preventive/ corrective action.

- Doing control testing and maintenance of risk registers.

- Identifying and working on areas of cost reduction and process improvement.

- Identification and measurement of operational losses and reporting to management.

- Develop KRI and ensure review/monitoring of KRIs and preventive/ corrective action is taken by concerned stakeholders for bringing parameters within defined thresholds

- Conducting ORMC, documenting minutes, and timely closure of ATRs.

- Design, develop, and Review revised SOPs and oversee the effective design of controls for all revised/changed processes

- Publishing KRI Dashboard and OR Event Dashboard to Functional Heads on a periodical basis.

- Ensure the constitution of appropriate operational risk committees with approved

- Terms of reference including quorum, recording minutes, follow-up for the closure of identified actionable