Lead - Operations Risk Management - NBFC

Client : Leading NBFC

Location : South Delhi

Role :

- Develop, maintain and implement Operational Procedure, Policy, Framework, Governance and Reporting; Supporting maintenance of risks in line with risk taxonomy and assessment process.

- Supporting 1st line in prioritization of risk mitigation; Providing objective, independent risk and compliance assessments and recommendations.

- Establishing and maintaining effective stakeholder engagement across organization and escalate timely and actionable information to key stakeholders.

- Champion and cultivate an organization-wide risk culture and accountability through training and awareness campaign in first line of defense.

- Deploy Operational Risk tools to ensure operational risks are continuously monitored and controlled.

- Ensuring availability of incident & external event database, issues and action tracker, risk register and KRI data for businesses. Reporting of data points related to Risk Based Supervision, BASEL, ICAAP and other compliances.

- Embed the OR framework such that it encourages first line units to Self-Identify & report incidents or operational issues.

- Communicate / Interface / meet with unit heads / senior management to understand the activities and processes followed, which will help in crystallizing the identification and assessment of operational risk in the unit. Ensuring processes and tools are effective, comprehensive and consistently applied.

- Provide risk advisory and mitigation strategies in new products or new business ventures & all OR issues.

- Lead will work with existing business team members to be accountable for Monitoring, Identification, Measurement, Evaluation, Mitigation, Testing and Reporting of risks and updating risk dashboard.

- Management of Third-Party, Business Continuity and Fraud Risk as required.

- Collaborating with Legal and HR to maintain an inventory of legal obligations and Employment practices.

Other Responsibilities (If Any) :

- Ensure that there are appropriate team resources, skills and capabilities to support and address operational risk.

- Set and establish team objectives and priorities through discussions with relevant stakeholders, ensuring alignment with the business agenda.

- Undertake regular performance, engagement and development reviews.

- Ensure to work effectively and proactively with business teams and industry participants to advise and assist in the management of risk and compliance matters.

- Ensure KPI or plans are tracked and met.

- Process mapping.

- Ability to prioritize amongst many conflicting needs, advocate a course of action, and pursue it consistently, while remaining flexible and responsive to dynamic situations

- Demonstrated ability to think strategically and innovatively and proven track record for delivering results

- Strong ability to source, manage and analyse data to drive risk management strategies and decisions

- High energy and a desire to work in a results and team oriented, rapid growth environment

- At least 10 to 12 years of experience in ORM in a large organization including demonstrated leadership in building risk and compliance frameworks for financial institutions (BFSI)

- Superior knowledge of multiple business functions and principles, including retail, corporate lending Business and people management.

- Good knowledge of risk management practices and relevant regulations applicable to Operational Risk.