Operational Risk Manager

Role & responsibilities

• Execute the approved RSCA framework and ensure its implementation. Update RCSA based on process changes & SOP reviews.
• Conduct quarterly sample checks on high-risk areas and bi-annually checks on medium risk areas.
• Ensure the RSC and RMC meetings are supported with complete information on Key Business Risks and other initiatives. Ensure the all risks are highlighted to management with 100% accuracy.
• Put in place a Risk Appetite Framework/Policy with clear alerts and limits defined.
• Drive Risk Culture & awareness campaign by conducting Annual Risk Training sessions for stakeholders and by sending risk management related emailers and other communications.
• Conduct annual review of all risk management related policies.
• Ensure timely and accurate collation and reporting of inputs under Operational Loss Data. Create awareness on submission on Operational Loss data.
• Handling outsourcing risk through Third Party Risk Management (TPRM).
• Be informed with the new development in regards of new regulatory guidelines, regulatory framework on risk management i.e. RBI, IRDAI, Basel etc