Team Member - Operational Risk Management - NBFC (4-8 yrs)

Job Role: Team Member-Operational Risk Management- NBFC

Location: Mumbai

Key Role :

- Identify, assess, and monitor operational risks across wholesale lending, outsourcing, and internal financial control processes.

- Develop and implement robust operational risk management frameworks and policies.

- Ensure adherence to operational risk management policies and procedures.

- Oversee and manage operational risks associated with wholesale lending activities.

- Conduct regular risk assessments and ensure appropriate risk mitigation measures are in place.

- Work closely with the wholesale lending team to identify potential risks and develop strategies to address them.

- Assess and manage risks associated with outsourcing activities.

- Ensure third-party vendors comply with the organization's risk management policies and regulatory requirements.

- Conduct due diligence and ongoing monitoring of outsourcing partners.

- Develop and maintain Risk Control Matrices (RCM) for various processes within the organization.

- Perform regular control testing to ensure the effectiveness of internal financial controls.

- Identify control deficiencies and recommend corrective actions.

- Conduct regular risk assessments and prepare comprehensive risk reports for senior management and the board.

- Monitor key risk indicators (KRIs) and report any significant changes or trends.

- Ensure timely and accurate reporting of operational risk events and incidents.

- Coordinate with internal and external auditors and regulatory bodies during audits and inspections.

- Develop and deliver training programs to enhance risk awareness and promote a risk-conscious culture within the organization.

- Provide guidance and support to business units on risk management best practices.

Education - MBA/ CA preferred

Must have: Candidate must have operational risk experience and should be familiar with wholesale assets and audit

Good to have: Worked on IFC (Internal Financial Control) will be an added advantage.