Operational Risk Manager - NBFC - CA (3-5 yrs)

About Company:

Incorporated in 2006, the company is a non-banking financial company (NBFC) registered with the Reserve Bank of India (RBI). With an assets under management (AUM) of approximately Rs 4,000 crores, the NBFC operates over 170 branches across 11 states and employs around 2,000 people. It primarily serves the MSME sector by offering both secured and unsecured business loans, as well as loans for used vehicles.

Job Description:

- Initiate and develop Operational Risk policies, processes and framework according to standards for risk management.

- Review of Operational Risk Framework and related policies related to business unit

- Implement plan to prevent, eliminate/minimize and mitigate operational risks.

- Conduct root cause analysis of OR incidents and ensure effective corrective action

- Support the business to design controls to enable risk management for new products/processes.

- Drive continuous improvement in the business control environment by using OR tools.

- Conduct RCSA and discuss with functional heads for preventive/ corrective action

- Develop KRI and ensure review/monitoring of KRIs and preventive/ corrective action is taken by concerned stakeholders for bringing parameters within defined thresholds

- Conducting ORMC, documenting minutes and timely closure of ATRs.

- Review of revised SOPs and oversee effective design of controls for all revised/changed processes

- Publishing KRI Dashboard and OR Event Dashboard to Functional Heads on a periodical basis.

- Ensure constitution of appropriate operational risk committees with approved terms of reference including quorum, recording minutes, follow up for closure of identified actionable.

Note - Ideal Candidate Should be Chartered Accountant and have experience between 3-5 Yrs.