Mgr/Sr Consultant - Operational Risk

Responsibilities:

Advise clients on a number of operational risk management related topics. These areas include:

Operational risk governance

- Should be able to provide point of views on the best fit governance structure for the clients by clearly articulating the advantages and disadvantages of the various approaches

- Should be able to interpret regulatory guidelines pertaining to Operational Risk Management

- Operational Risk policy development and enhancement

- Should be able to demonstrate the knowledge of the key components and structure of the policy

- Operational Risk procedures and practices

Risk & Control Self Assessments (RCSA)

- Should be able provide point of views of different approaches of performing RCSA with their pro’s and con’s

- Should be able to support/conduct workshops on behalf of the clients

- Should be able to articulate the risks and controls clearly and identify and scope of improvements or control inadequacies

- Should be familiar with the typical challenges of RCSA deployment in Banks

Key Risk Indicators (KRI)

- Should be able provide point of views of different approaches of developing KRIs with their pro’s and con’s

- Should be familiar with the typical challenges of KRI deployment in Banks

- Loss Data Collection and Management

- Understanding of regulatory requirements around loss data management

- Should be familiar with the typical challenges of Loss data collection process in Banks

- Risk Reporting framework

- Banking processes and the leading internal control trends

- Should be familiar with the functioning of atleast 2-3 business units of a Bank, where he/she can independently provide views of existing risks, control inadequacies, process improvements etc

- Scenario Analysis

Requirement:

- Minimum 2 yrs of relevant experience

- Broad consulting and project management skills, effective written and oral communication skills

- A willingness to travel to meet client needs

- Quantitative methods and tools supporting operational risk measurement

- Competitive and regulatory drivers for operational risk management

- Current industry and regulatory issues (Basel II)

- Knowledge of operational risk software (e.g. SAS, Oracle, CORE, Open Pages, Algo etc)

Please contact: ashwitha@ikyaglobal.com