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Operational Risk Manager

Operational Risk Manager

EZSpaceHyderabad, India
30+ days ago
Job description

About the Opportunity

We are seeking a highly motivated and experienced Operational Risk Manager with 713 years of relevant experience to join their team in Hyderabad for a leading Fintech MNC . This is a critical role responsible for identifying, assessing, and mitigating operational risks across the organization. The ideal candidate will possess a strong understanding of operational risk management principles and practices, coupled with excellent analytical and communication skills. You will play a key role in ensuring the firm's operational resilience and compliance with regulatory requirements.

Key Responsibilities

  • Develop, implement, and maintain the firm's operational risk management framework, policies, and procedures.
  • Conduct risk assessments to identify and evaluate operational risks across various business units and functions.
  • Facilitate and challenge Risk Control Self Assessments (RCSA), ensuring completeness and accuracy.
  • Develop and monitor Key Risk Indicators (KRIs) to track and manage operational risk exposures.
  • Perform controls testing to assess the effectiveness of operational risk controls.
  • Identify and analyze operational risk events, including root cause analysis and development of remediation plans.
  • Collaborate with business units to develop and implement effective risk mitigation strategies.
  • Provide guidance and training to employees on operational risk management principles and practices.
  • Prepare and present operational risk reports to senior management and relevant committees.
  • Stay abreast of industry best practices and regulatory developments related to operational risk management.
  • Participate in the development and implementation of new products and services, ensuring operational risks are adequately addressed.
  • Contribute to the development and maintenance of a strong risk culture within the organization.
  • Support internal and external audits related to operational risk management.
  • Assist in the development and execution of business continuity plans.
  • Contribute to the ongoing improvement of the operational risk management framework.
  • Support the implementation of new technologies and systems, ensuring operational risks are considered.
  • Participate in industry forums and working groups to share best practices and stay informed of emerging trends.
  • Assist with process mapping exercises to identify potential operational risk vulnerabilities.
  • Oversee the tracking and resolution of error remediation efforts.

Eligibility Criteria

  • A bachelors degree in finance, business administration, or a related field is required. A masters degree or relevant professional certification (e.g., FRM, PRM) is preferred.
  • Proven experience in operational risk management within the financial services industry, preferably in asset management or investment banking.
  • In-depth knowledge of operational risk management principles, practices, and regulatory requirements.
  • Strong analytical and problem-solving skills, with the ability to identify and assess complex operational risks.
  • Excellent communication and interpersonal skills, with the ability to effectively communicate with stakeholders at all levels.
  • Ability to work independently and as part of a team.
  • Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint).
  • Demonstrated ability to manage multiple projects simultaneously and meet deadlines.
  • A strong understanding of risk & compliance requirements within the financial services industry.
  • Experience with risk management software and tools is a plus.
  • A proactive and results-oriented approach.
  • Ability to adapt to a changing environment and embrace new challenges.

    • (ref : iimjobs.com)

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    Risk Manager • Hyderabad, India