Head - Operational Risk (15-30 yrs)

Purpose of the Job:

The purpose of this role is to thoroughly assess and gain a deep understanding of the financial product journey (e.g., Savings Accounts, Current Accounts, Wallets) and platforms (e.g., Mobile Applications, Websites) with the Product Owner by ensuring compliance with Risk Management Policy & Operational risk aspects while maintaining seamless and secure customer experience

The objective is assist to help the bank to identifying and accurately capturing the potential risks-both financial and non-financial, including regulatory, reputational, and operational risks-that may arise during the product lifecycle. The role also include testing the controls if they are accurately addressed to operate effectively.

Key responsibilities :

1. Conduct detailed evaluations of the financial product journeys and processes (new or existing) to identify potential risks including financial, regulatory, reputational, and operational.

2. Assessment of the banking Products to ensure adherence with applicable regulations and internal policies by evaluating the Design & Operating Controls effectiveness to address the identified risks during the product lifecycle

3. Collaborate with Product Owners to ensure all identified risks are accurately captured and documented and providing recommendation for mitigating risk exposures

4. Work closely with cross-functional teams, including Products, Technology, Compliance, InfoSec, Finance, etc. for risk management strategies into product finalization

5. Monitor operational risk indicators and escalate any potential breaches or concerns

6. Team management