Head - Operational Risk (15-30 yrs)

Job Description:

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

- 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

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

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

- Monitor operational risk indicators and escalate any potential breaches or concerns

Purpose:

- 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 assisted 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 includes testing the controls if they are accurately addressed to operate effectively

Experience:

- 15+ years of experience in Risk Management within the Indian BFSI industry, with a specific focus on core banking products such as Savings Accounts, Current Accounts, and Payment Products.

Education:

- Bachelor's degree in risk management, Business Administration, Finance, or a related field.

- Professional certifications in Risk Management (e.g., CRISC, FRM, CA, etc. ) are preferred.

- Experience in a similar role within the banking or financial services industry is highly desirable.

Technical Knowledge:

- Strong understanding of Indian financial products (Savings Accounts, Current Accounts, UPI, Wallet etc.) and platforms.

- Knowledge of Indian regulators and their requirements applicable to the financial institutions

- Ability to ensure product compliance with operational risk requirements

- Understanding with risk management frameworks.

- Proficient in control design and testing methodologies.

- Proactive identification and mitigation of risks to safeguard the bank and its customers.

- Excellent communication and collaboration skills to work effectively with cross-functional teams