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Enterprise Risk Manager
Enterprise Risk ManagerNPCI BHIM • Mumbai, Maharashtra, India
Enterprise Risk Manager

Enterprise Risk Manager

NPCI BHIM • Mumbai, Maharashtra, India
14 days ago
Job description

Preferred Educational Qualification : CA or MBA

Experience : 7-15 years of relevant experience in risk identification and management, Enterprise Risk Management (ERM), Operational Risk Management (ORM), incident governance, compliance and / or audit.

  • Candidate should have worked extensively on maturing the risk culture through diligent initiatives
  • Ideal candidate having 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

Attitude :

  • Fast paced and prompt
  • Energetic and Enthusiastic
  • Self-motivated
  • Be a self-starter and display a proactive approach
  • Job Responsibilities :

  • Risk & Control Self-Assessment (RCSA) :
  • Assist in the execution of RCSA exercises by working with business units to identify inherent risks within processes, systems, and activities.
  • Carry out detailed walkthroughs and process mapping to identify significant risks and controls
  • Document and maintain risk and control matrices for various functions, ensuring completeness and accuracy of data.
  • Help evaluate the design and operating effectiveness of controls identified during RCSA to highlight gaps or weaknesses.
  • Support periodic updates and reviews of RCSA results to keep risk assessments aligned with evolving business environments.
  • Key Risk Indicator (KRI) Monitoring :
  • Collect, analyze, and report on KRIs across different operational areas to monitor risk exposures and trigger early warning signals.
  • Collaborate with relevant departments to ensure KRI data integrity and timeliness.
  • Generate KRI trend reports and escalate any threshold breaches or emerging risks to senior risk management.
  • Operational Loss Tracking and Reporting :
  • Maintain a comprehensive operational loss database, ensuring all loss events are recorded accurately with appropriate details.
  • Assist in root cause analysis of operational losses to identify risk factors and control failures.
  • Facilitate trend analysis and lessons-learned exercises stemming from operational loss data.
  • Operational Incident Review :
  • Participate in the review and analysis of operational risk incidents, including security breaches, system failures, fraud events, and process breakdowns.
  • Document risks and controls pertaining to incident investigation findings and corrective plans.
  • Control Testing and Validation :
  • Assist in planning and execution of control testing activities to verify that risk mitigation measures are functioning as intended.
  • Collect evidence, perform control walkthroughs, and document findings to support control effectiveness assessments.
  • Communicate test results to control owners and follow up on remediation actions for any identified deficiencies.
  • Maintain records of control testing results to support audit and compliance requirements.
  • Risk Awareness and Training Support :
  • Support the development and rollout of risk awareness programs, workshops, and communications to enhance understanding across the organization.
  • Assist in preparing materials, such as newsletters, presentations, and e-learning content related to operational risk.
  • Foster a culture of proactive risk management by engaging with teams to promote compliance with risk policies and procedures.
  • Others :
  • 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.
  • Work together with other organizational line of defense (i.e. Compliance, Internal Audit, etc.).
  • Managing and building relationship with ORM vendors.
  • Manage and coordinate various audits for Operational Risk Management (ORM), including Internal, ISO, Infosec, Regulatory, and other audits, to ensure compliance and effective risk management framework is in place.

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    Manager Enterprise Risk • Mumbai, Maharashtra, India

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