Department: Risk Management NIPL

Function: Enterprise Risk Management (ERM) and Operational Risk Management (ORM)

Corporate Title: Senior Associate/Lead

Place of Posting: Mumbai

Preferred Educational Qualification: CA or MBA

Experience: 4-5 years of relevant experience in risk identification and management, Enterprise Risk Management (ERM), Operational Risk Management (ORM), Incident governance, compliance and/or Audit.

• The candidate should have worked extensively on maturing the risk culture through diligent initiatives.
• Experience in the financial services industry and a working knowledge of regulatory requirements.
• Profound knowledge of Risk Management (regulatory requirements, industry leading practices & trends in ORM and ERM)
• Ability to articulate complex concepts and information in a clear, concise, and structured manner.
• Strong strategic, analytical, and decision-making skills.
• Proven relationship management skills and ability to influence a large and diverse group of stakeholders (often without organizational structure) through persuasion, intellect, experience, strong interpersonal skills etc.
• Stay abreast of current industry standards, regulations, and external environment.
• Develop and maintain knowledge of systems and data to ensure optimal use of technology.
• Strong strategic, analytical, communication and decision-making skills

Job Responsibilities:

• Review new product / process documentation and be able to identify the impact of the same on the Operational risk profile and ensure that adequate mitigation measures / controls are in place
• Monitor, review, and communicate the impact to the risk profile of future initiatives, including new product / process assessments, targeted risk reviews, major business changes, changes in regulations and changes in the operating environment.
• Responsible for the completion of the Risk and Control Self Assessments for the assigned departments / verticals in the ERM tool, if any
• Carry out detailed walkthroughs and process mapping to identify significant risks and controls
• Identify Key Risk Indicators for the assigned verticals / departments, monitor and report the same periodically
• Assist in determining companys risk appetite and quantify the amount of risk as per the impact and likelihood.
• Oversee the operational risk incident management process to guarantee that timeliness, integrity, and quality control are maintained
• Review the operational risk incidents and conduct root cause analysis and business impact analysis
• Development of Risk Mitigation Action Plans
• Work together with other organizational line of defense (i.e. Compliance, Internal Audit, etc.).
• Managing and building relationships with ORM vendors.

Attitude

• Fast paced and Passionate to build career
• Self-motivated and self-starter
• Eager to learn and deliver
• Collaborative
• Pride for Nation building and Brand loyalty