Job Description
Note :
- Specific / mandatory skills :
- Knowledge about risk management
- Experience about various framework components (particularly events management, controls, risk appetite and risk & control assessment
- Leadership experience (team lead)
- Project management skills (CTB experience)
- Experience with operational risk and its modeling
- Knowledge of respective regulatory requirements for OR
- Statistical / Backtesting knowledge (desirable)
- Ability to work independently in a structured manner and solution oriented
- Experience in creating scenarios
- ICAAP process (desirable)
- Proficient with MS Office (Excel, PPT and Word)
- Experience range : 8-11 years
- Open to considering fresher candidates (Yes / No) : No
- Open to considering relocation / non-local candidates (Yes / No) : No
- Contract duration : 8 months
- Shift timings : 10 AM to 7 PM
- Number of days work from office : Currently 3 days, can change to 5 days a week
- Preference of hiring only diversity candidates (Yes / No) : No
Role Description :
The purpose of the Non-Financial Risk Management (NFRM) function is to ensure that the bank’s Non-Financial Risk (NFR) exposure is adequately managed in-line with the group wide risk appetite and NFRM framework. To achieve this the NFRM function requires :
Risk Managers with experience, seniority and tools to assess complex risks and intervene where they lie outside the bank’s risk appetiteSupport the development of solutions to connect data, processes and reporting across multiple non-financial risk systemsA comprehensive, integrated, simple and easy to use NFR Framework with supporting technology that assists risk identification, assessment and remediationStrong understanding of the businesses combined with regular engagement which would allow NFRM to provide support, review and challenge in line with the 3 Lines of Defense ModelClose coordination with all 2nd Line of Defense (LoD) Risk Type Controllers to facilitate the production of a holistic view of NFRClose coordination with NFRM Framework team members to identify business requirements and collaborate to develop, test and implement system solutionsProper consideration of emerging risks, rather than just current issuesEffective governance combined with supporting MI that facilitates decision-makingYour key responsibilities :
This role in the NFR Mumbai Risk Centre’s structured scenarios team will be expected to effectively perform below responsibilities :
Perform deep dive analysis to understand mapping of various internal events with various risk types and business divisionsCollaborate with various stakeholders in creation and implementation of scenariosThematic reviews and analysis to factor impact of scenarios on business divisions and risk typesCollaborate to perform root cause investigation and provide suggestion on remedial activitiesCollaboration in implementation of an exposure and event-based approach for risk managementYour skills and experience :
A robust understanding of Non-Financial Risk Management principles and practicesUnderstanding of framework components like Scenarios, Controls, Risk appetite, RCA, emerging risk and external events analysisExperience to lead people and project will be helpfulDemonstrable experience of developing strong working relationships with business areas to facilitate successful risk management within the 3 LoD modelAdvanced user of MS Excel / Access database with experience of data aggregation and manipulation to produce meaningful MIWorked with Senior Stakeholders within a high-pressure dynamic environment