Deputy Manager - Operational Risk Manager

Roles and Responsibilities:

• Assist in implementation of the operational risk management framework across all functions to minimize the operational risks and losses and support process reviews for enhanced process performance and process output
• Maintenance of Operational loss Database while analyzing RCA (Root cause analysis) and suggest Corrective and Preventive actions (CAPA)
• Develop and follow-up for action plan and deadlines for closure of operational loss incidents
• Tracking and Updating of Risk incidents in system with all necessary details like RCA, CAPA by coordinating with the stakeholders of various departments
• Maintenance of control reports by coordinating with different stakeholders. Regular monitoring of control reports to identify any modification/ addition/ deletions as per the requirements
• Assist in developing RCSA and KRI framework for all the functions
• Active participation in carrying out the requisite RCSAs, identify residual risk and develop mitigation plans, evaluation of control effectiveness by conducting control test
• Conducting thematic reviews to identify key risk in the process and assessment of whether related controls are in place
• Active participation in Product and Process sign offs
• Produce clear and comprehensive management reports and documentation to aid in effective risk management
• Cooperation and coordination with counterparts in other risk verticals
• Participate and contribute for projects as needed
• Other Ad hoc risk management activities

Candidate Requirements:

• Experience: 4 years experience in Risk Management / Internal Audit domain in Insurance sector
• Education: Any Graduate/Post Graduate