Head - Operational Risk - BFS (18-25 yrs)

The key roles and responsibilities include:

- Supervision of Operational Risk Function: Overall responsibility for the effective management and oversight of operational risk across the Bank.

- Policy Development and Review: Framing, implementing, and regularly reviewing the Bank's Operational Risk Management policies to ensure alignment with regulatory standards and industry's best practices.

- Business Continuity Planning (BCP): Responsible for developing and implementing the Bank's BCP framework and ensuring its regular testing to maintain readiness for operational disruptions.

- Crisis Incident Management: Leading the Bank's response to operational risk-related crises, ensuring timely and effective incident management to minimize disruptions.

- Compliance and Regulatory Adherence: Ensuring compliance with all applicable regulatory and statutory guidelines related to operational risk, and facilitating effective reporting to internal and external stakeholders.

- Risk Tolerance and Appetite Framework: Defining and maintaining the risk appetite framework for operational risks, including setting both qualitative and quantitative tolerance levels.

- Operational Risk Analytics and Modelling: Leading initiatives in operational risk analytics, including the development, validation, and calibration of risk models to enhance risk assessment and mitigation strategies.

- Committee Involvement: Serving as a member or convener of committees such as the Business Continuity Planning (BCP) Committee and other relevant forums, ensuring an operational risk focus in discussions and decisions.

- Continuous Improvement: Driving ongoing enhancements to the Bank's Operational Risk Management practices and policies to address emerging risks and adapt to changing regulatory and business environments.

- Representation and Advocacy: Representing the Bank at external forums and engagements on operational risk matters, ensuring alignment with industry standards and practices.

- Age limit The candidate should not be less than 40 years old and not more than 57 years old as on December 31, 2024.

b Educational Qualification:

1. Mandatory educational qualification as on December 31, 2024: Graduate Degree from a recognized and registered College / University with:

i. Professional certification in Financial Risk Management from Global Association of Risk professionals,

ORii. Professional Risk Management Certification from PRMIA Institute,

OR

iii. Certification in specialized areas of Operational Risk.

2. Desirable additional Qualification: Degree/ diploma / certificate in or Knowledge/appreciation of -

i. Statistics methods, including forecasting, time series, hypothesis testing, classification, clustering or regression analysis;

ii. Python/ Tableau/ R, other statistical/ mathematical tools, etc. for performing data modeling, analysis, dash boarding, etc.

Work Experience as on December 31, 2024

Mandatory Experience:

- Minimum 18 years of experience in a Bank /Financial Sector of which 5 to 7 years should have been in the Risk function.

Desirable additional Experience:

- Experience in Operational Risk with exposure to analytics will be an added advantage.