Ujjivan Small Finance Bank - Specialist - Operational Risk

Position Description:

Job Title: Specialist - Operational Risk.

Department: Risk.

Location: HO

Sub-Department: Operations Risk

TYPE OF POSITION: Full-time.

REPORTS TO: Corporate Manager Operational Risk.

ROLE PURPOSE & OBJECTIVE:

- The incumbent will report to the Corporate Ops Risk Manager and will take directions for the development and deployment of various risk related activities such as Risk & control self-assessment, Internal Financial controls (IFC) testing, Key Risk Indicators (KRI), RCA, Outsourcing, User Acceptance Testing (UAT) and MIS reporting.

KEY DUTIES & RESPONSIBILITIES OF THE ROLE:

Business/ Financials:

- Provides critical input on new All products/processes and any amendments to products/processes to highlight Operational Risks by reviewing product notes, SOPs etc.

- Performed the Key Risk Indicators (KRI) for department and co-ordination with respective department for data collection and action plan.

- Participates in product and process review for availability of controls and also perform User Acceptance Testing (UAT), Business Requirements Document (BRD), Functional Specification Documents (FSD) to ensure effectiveness of controls.

- Perform vendors risk assessment with regards to outsourcing to ensure regulatory compliance.

- Perform Root Cause Analysis (RCA) of operational incidents which lead to loss events.

Customer:

- Carry out thematic control testing to review effectiveness of various controls, and provision for automation.

- Visit branches across regions to review process adherence on identified and assessable parameters.

- Prepare data required for the purpose of various Data Control Testing.

Internal Process:

- Implementation of Internal Audit and RBI recommendations specific to the Operational Risk unit.

- Reports loss incidents for identification of control gaps.

- Responsible for implementing risk and control matrix / register for various processes in Ujjivan SFB.

Learning & Innovation:

- Updates self with prevailing regulations, notification, circulars and guidelines of the regulators and statutory bodies, and disseminate the information regarding new regulatory developments.

- Attend external training programs and workshops to enhance operational risk skill sets.

- Enhance knowledge through successful certification on various courses related to risk managements and latest technological developments.

- Ensure goal-setting, mid-year review and annual appraisal process happens within specified timelines for self.

MINIMUM REQUIREMENTS OF KNOWLEDGE & SKILLS:

Educational Qualifications:

- MBA (preferable) or Graduate.

Experience:

- 5 years of experience in Retail Banking, should have experience in both Assets and Liabilities business.

- 3+ years of hands-on experience in Risk, Audit or Compliance.

Certifications:

- Certification in Risk management (preferred).

Functional Skills:

- Sound knowledge of Risk Management principles & the evolving practices for the management of Operational Risk.

- Knowledge of micro finance and functioning of Bank is a plus.

- Knowledge of RBI polices and guidelines relevant to SFB.

Behavioral Skills:

- Good team player.

- Ability to work with cross functional teams to deliver desired outcome.

- Good analytical skills.

- Good written communication and presentation skills.

- High standards of integrity and ethics.

Competencies Required:

- Building Relationship.

- Driving Change.

- Planning & Organizing.