Hero FinCorp - Lead - Operational Risk Management

- Develop, maintain and implement Operational Risk practices, policies, framework, governance and reporting mechanisms in the organisation;

- Support first line of defence (1LOD) in identification, assessment and reporting of inherent and residual risks faced in the respective process;

- Facilitating 1LOD to establish controls, testing of design & effectiveness of these controls while providing an independent opinion and recommendations for improvements;

- Assist and train 1LOD to utilize ORM tools & techniques for identification and assessment of risks and ensure reporting mechanism in place.

- Investigate and follow-up on reported operational risk incidents including root cause, mitigation, impact, and respective action plan.

- Maintain & update operational risk incident database including necessary data & information with respect to line of business, stakeholders, due date, and closure status.

- Review and provide inputs and advisory on standard operating procedures (SOPs) for all lines of business with a perspective on operational risks.

- Engage 1LOD for building risk registers, corresponding controls and assigning ownership on implementation of controls & their testing.

- Assist and facilitate 1LOD for conducting self-assessments on risks faced in their respective process to arrive at inherent and residual risk ratings while maintain capability of controls.

- Engage and collaborate with relevant stakeholders for management of third-party risks and fraud risk as required;

- Conduct regular trainings and sessions for 1LOD and other stakeholders including new joiners, business managers to increase risk awareness.

- Gain broad understanding of other risk areas such as Credit Risk, Market Risk, Liquidity Risk, Information Security, Reputational Risk among other financial and non-financial risks.

- Support management in implementation of regulatory guidelines released from time to time by understanding the requirements, building implementation roadmap and framing of action plan