Operational Risk Manager

About the RoleAn Operational Risk professional is responsible for identifying, assessing, monitoring, and mitigating risks arising from people, processes, systems, and external events to ensure smooth business operations and regulatory compliance.

Location: MumbaiQualifications & ExperienceExperience: 5–7 yearsKey ResponsibilitiesRisk IdentificationIdentify operational risks across business functions , Conduct Risk and Control Self-Assessments (RCSA), Maintain and Amend Operational Risk RegisterDesigning and reviewing of internal control for minimizing operational risks.Continuous monitoring of preventive and detective controls.Recommend control improvements.Record and analyse operational loss events and conduct root cause analysisDevelop and monitor KRIs and amend KRI’s with consultation of Business Units.

Escalate breaches of risk appetite thresholds.Provide early warning signals to management.Business Continuity & ResilienceOversee Business Continuity Planning (BCP) for Business Units and Material Outsourced VendorsTechnology & Cyber Risk OversightWork closely with Technology Team to ensure Operational Risk Events do not occur due to failure of Technology & Digital Processes.Monitor third-party and outsourcing risks.Regulatory ComplianceEnsure compliance with regulatory requirements and support regulatory inspections and audits.Liquidity Risk / Market RiskExposure & understanding of monitoring Liquidity Risk like liquidity position, funding concentration, LCR, asset liability mismatch, contingency funding plan, stock ratios etc.Monitoring market risk on trading book like PV01, 1 day VAR at 95% / 99% confidence level, investment in G-sec and Equity.Outsourcing Risk / People / Technology riskUnderstanding the different risk arising in Outsourcing / HR / Technology function and continuous monitoring of the same including cyber risk, technology risk, people risk and developing risk registers for the same.Key Competencies· Risk assessment and analysis· Regulatory and compliance knowledge· Strong analytical and problem-solving skills· Data analysis and reporting