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Manager - ORM

3-5 years

₹ 4 - 11.35L/yr (AmbitionBox estimate)

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This is an estimate of the average salary range for this position. It has not been reviewed by the company, and the actual salary may differ.

Pune

Manager - ORM

Bajaj Finance

posted 12hr ago

Job Role Insights

Flexible timing

Job Description

    

Job Purpose  
â"This position is open with Bajaj Finance ltd.â"
ORM is a horizontal unit and caters to all Business/Function units within BFL. We act as second line of defense and verify the processes carried out by front line units. The member will be part of a team that performs proactive testing and validation on controls, processes, and procedures. The team partners with process owners, Risk, IT, BIU to ensure that current control procedure is operating the way they are designed in the form of Product program and Risk policies. Also develops and administers ongoing exception-based queries to test critical and sensitive transactions to ensure compliance with policies and procedures and identify emerging trends and issues. And to strengthen the internal control environment.    

Duties and Responsibilities  
PRINCIPAL ACCOUNTABILITIES
(Accountabilities associated with the job)
1. Ability to learn and understand business and compliance processes, regulations, and internal controls, and develop meaningful tests to determine whether controls are operating effectively and as designed.
2. Perform operational deep dives to understand and find gaps in process and compliance-related processes.
3. Develops and administers ongoing exception-based queries to test critical and sensitive transactions to ensure compliance with policies and procedures and identify emerging trends and issues.
4. Monitors and tests control and Risk exception reports.
5. Improve upon existing testing and monitoring capabilities.
6. Communicate testing plans, results, and next steps concisely and effectively across the organization, including ensuring stakeholder buy-in during all stages of the testing process.
7. Identify and assess inherent and residual risks related to control deficiencies.
8. Maintain testing/audit working papers that support testing conducted and results.
9. Summarize results of testing in formal reports to be presented to senior leaders.
10. Manage several projects simultaneously with precision and accuracy.
11. Verifies accuracy and ensures compliance with plans, policies and procedures prescribed by management.
12. Delivers review findings to process owners for correction and assists process owners with the development of action plans to address significant process or control gaps.
13. Conducts proactive reviews to target specific and high-risk processes or functions, reviews procedures and controls testing.
14. Identify and escalate any potential testing issues / exceptions to appropriate teams and the stream leads.
15. Maintain high quality testing documentation, trackers and issue logs, ensuring these are kept up-to-date and accurate.

4.  MAJOR CHALLENGES
(Challenges faced on an on-going basis in carrying out the job)
1. Co-ordination with Risk team to understand product program, existing controls and exceptions reports
2. Co-ordination with BIU/IT team to understand the workings of current exception reports.
3. Coordination with other teams for development and implementation of action plans and target dates stemming from control testing.
4. Co-ordination with other Business / function teams to understand their KPIs/Control chart and align the data source and field names.

5.  DECISIONS
(Key decisions taken by job holder at his/her end)
Responsible in understanding of requirement from Risk Users/other business function users and provide conduct testing of control charts/exception reports to generate meaningful reports.

6.  INTERACTIONS
(Key working relationships a job holder needs to have INSIDE and OUTSIDE the company to accomplish the job)    

Required Qualifications and Experience  
SKILLS AND KNOWLEDGE
(Minimum acceptable proficiency for this job which best indicates the education and/or experience requirements of this job and not the incumbent)

Educational Qualifications
a) Qualifications
Graduation degree required

b) Work Experience
  •  3-5 years experience in controls, Underwriting , Risk, Compliance, Audit or testing, Operations, Credit Risk
  •  Strong communication skills
  •  Exceptional collaboration skills
  •  Excellent written and verbal communication skills
  •  Be able to effectively multitask
  •  Highly organized and keen time management skills
  •  Project management, Audit and negotiation skills beneficial
  •  Proficiency in MS Word, Excel, PowerPoint required
  •  Work effectively in a team environment as well as on your own    

  • Employment Type: Full Time, Permanent

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    Bajaj Finance Interview Questions & Tips

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    Top Bajaj Finance Manager Interview Questions

    Q1. How to collect default customer. How to trace customer shifted given address
    Q2. Could you plz give a demo of how to sell mobile phn at dealers point.
    Q3. If customer is in NPA category then what percentage waiver we will give him in settlement
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    What people at Bajaj Finance are saying

    3.7
     Rating based on 208 Manager reviews

    Likes

    Company has auto promotion policy after tenure

    • Salary - Good
    • +2 more
    Dislikes

    Environment is very toxic, everybody wants to use the employee as a machine

    • Job security - Poor
    • +3 more
    Read 208 Manager reviews

    Manager salary at Bajaj Finance

    reported by 652 employees with 1-13 years exp.
    ₹2.8 L/yr - ₹10.7 L/yr
    60% less than the average Manager Salary in India
    View more details

    What Bajaj Finance employees are saying about work life

    based on 6.7k employees
    53%
    72%
    52%
    97%
    Flexible timing
    Monday to Saturday
    Within city
    Day Shift
    View more insights

    Bajaj Finance Benefits

    Job Training
    Health Insurance
    Soft Skill Training
    Work From Home
    Free Transport
    Team Outings +6 more
    View more benefits

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