Head - Operational Risk - NBFC/MFI

Exp. : 15-20 Years

About Our Client

Our client is a financial services organization and is one of the growing microfinance institute.

Job Description

- Working closely with the CXO of the organization of the Audit and Risk Committee, other executive and non-executive committee members, senior managers across the business and representatives of the board create a sustainable risk free environment, well-controlled organization which can achieve growth targets safely.

- Continuously developing, enhancing and embedding the risk framework for managing risks across the institution, ensuring that processes are fit for purpose.

- Partnering effectively with third parties, regulatory bodies and others, as appropriate for risk management and fraud prevention related activities.

- Ensuring the Governance and Risk Frameworks of the organization operates effectively, also ensuring that these frameworks are maintained and updated as approved by the Company Board.

- Champion & facilitate implementation of risk management system across business units in conjunction with internal audit, fraud, compliance officer & business unit management

- Exposure and Trends monitor & analyses risks and risk trends within business environment; monitor the resolution status and effectiveness of risk mitigating actions independently monitor management of all risks aspects within business

- Manage technology risk though CISO by providing vision, leadership, oversight and management of the organization physical and cyber security policies, procedures and practices.

- Responsible for ensuring the organization and its Partners implement industry best practices policies, procedures and practices that address physical security, cyber security, data privacy and protection.

- Identify and report key risk metrics to CEO / Board, including early warning indicators

- Participate in the development of risk strategy and its relationship to the risk tolerance

- Lead various risk review and assessment in organization

- Collaborate with the business to ensure that risks are identified, quantified, and appropriate action taken

- Establish product specific risk definitions and risk acceptance criteria

- Ensure that team is maintaining repository of product risk / fraud risk knowledge database Participate for Product Portfolio risk Management, Fraud Strategy, Settlement risk monitoring; development of stress-testing mechanism for payment systems

- Oversee the development/acquisition and effective use of models, scorecards, and other automated risk management tools

The Successful Applicant

A candidate with 12-15 years of experience in managing the risk function of the bank. A smart candidate with experience in managing compliance,internal audit etc.

Existing Chief Risk Officers of any leading NBFC/ MFI and Banking insitututes should apply