Posted By
Posted in
Banking & Finance
Job Code
1416587
Position Description:
Job Title: Specialist - Operational Risk.
Department: Risk.
Location: HO
Sub-Department: Operations Risk
TYPE OF POSITION: Full-time.
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.
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Posted By
Posted in
Banking & Finance
Job Code
1416587
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