98 Ameriprise India Jobs
4-5 years
Gurgaon / Gurugram
1 vacancy
Senior Operational Risk Management Associate
Ameriprise India
posted 21d ago
Fixed timing
Key skills for the job
Key Responsibilities
Operating Soundness
- Supports the 1st Line Risk Managers to review processes on a periodic basis alongside the business to ensure the Operational Risk Management Framework is embedded consistently across the organization. Which will then ensure there are effective controls in place to mitigate against risks.
- This includes ensuring processes, risks and control inventories are up to date and support the objectives of the 1st Line risk team.
- Review and refresh process maps and undertake risk and control reviews of processes alongside 1st Line Risk Managers
- Reviews risk and control Key Risk Indicators ( KRI ) that are impacted by Risk Events, Change Programmes or other events which may cause them to be updated and reissued - propose updates to KRI owners
- Plays a key role in the testing of controls following the Operational Risk Management framework. This involves the management of a control library, writing test scrips and undertaking control testing.
- Supports 1st Line Risk managers in writing/reviewing select policies and procedures.
- Runs tracker or project management for Issue Management related to Controls, as requested by 1st Line Risk managers
-Coordinates operational resilience exercises, with support from 1st Line Risk managers
Operational Risk Management ie (Assessments (Risk Control Self Assessment ( RCSA ), Scenario Planning, Emerging Risk Analysis, Outsourcing Risk Analysis, Deep Dives), Trends (Risk Indicators, Risk Events, External Events), Findings (1st Line Risk testing, RCS assurance, SOX, ISAE tests)
-Supports 1st Line Risk managers in coordinating and performing risk assessment activities and Risk Control Committee ( RCC ) deep dives, prepares recommendations for presentation to Business Unit head
-Ensures timely and accurate Risk Event ( REV ) incident recording and proposes escalation to 1st Line Risk managers, as required
-Oversees REV action remediation
-Reviews risk trends and recommends actions
-Conducts risk-based testing at the direction of the 1st Line Risk manager
-Supports 1st Line Risk teams in coordinating responses to findings from 1st Line Risk testing, RCS assurance or SOX/ISAE testing)
Governance ie. BU control meeting / RCC
-Supports preparation of agenda/papers for Business control meetings
-Support preparation of updates for RCC where required for escalation purposes
Risk expertise
Keeping up to date with company-wide and industry best practices around effective operational risk management
- Collaborating with the Second Line of Defense on risk initiatives, including the global Operational Risk Management ( ORM ) framework and making recommendations to 1st Line Risk managers
Required Qualifications
Excellent written and spoken English skills.
Ability to work independently, as well as collaborate and lead cross-functional teams.
Candidates should have proficiency with Microsoft Excel, Power Point and Power BI.
Preferred Qualifications
Experience with MicroSoft Access.
Self-Motivated; ability to deliver on competing priorities and multi-task.
Any additional qualification or experience with SQL
Any additional qualification or experience in Risk Analytics.
Employment Type: Full Time, Permanent
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