About the role
Job Title
Manager-OperationalRisk
Department
Risk
Location
Ho/ro/branch
Sub-Department
OperationsRisk
Type of Position
Full-time
Reports To
National Manager Operational Risk
Reporting Into
Specialist-Operational Risk
Role Purpose Objective
- The incumbent takes directions for the development and deployment of various risk related activities such as Risk control self-assessment, RBI tranche data control template.
- Monitor and gather inputs from key functions of the bank on KRIs.
- This incumbent is also responsible for documenting and tracking Operational risks arising from other bank activities such as material outsourcing, BCP testing etc.
Size of the Role
- Financial size: NA
- Non-financial size: Material vendors of the Bank (Number varies)
Key Duties Responsibilities of the Role
Business/Financials
- Provides critical input on new All products/processes and any amendments to products/processes to highlight Operational Risks
- Facilitate regional Ops Risk team across branches and regions to carry out BCP simulation as per approved schedule.
- Participates in product and process review for availability of controls and also in reviews related to Business Requirements Document (BRD), Functional Specific Development (FSD) and perform User Acceptance Testing (UAT) to ensure effectiveness of controls before move to Production
- Perform pre-on-boarding material outsourcing vendors risk assessment with regards to compliance
Customer
- Responsible for implementing risk scorecards across branches and backend activities to analyse risk indicators
- Carryout thematic control testing to review effectiveness of various controls, and provision for automation.
- Visit branches across regions to review process adherence on identified and assessable parameters
- Responsible for the Test of Design and Test of Operating Effectiveness
- Prepares data required for the purpose of various DCTs.
Internal Process
- Implements approach to improve KRI(s) so as to bring them within acceptable threshold.
- Implementation of Internal Audit and RBI recommendations specific to the Operational Risk unit
- Reports loss incidents for identification of control gaps
- Responsible for implementing risk and control matrix / register for various processes in Ujjivan SFB.
- Contribute proactively towards capital adequacy related Stress Testing.
- Updates Operational Risk checklist on which the branches are assessed when visited across regions by Operational Risk team.
Learning Innovation
- Updates self with prevailing regulations, notification, circulars and guidelines of the regulators and statutory bodies
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