Operational Risk Assessment : Identify and assess operational risks associated with the NBFC's activities, including processes, systems, and human factors.
Risk Mitigation : Develop and implement strategies to mitigate operational risks, including the design and improvement of risk control measures and incident response plans.
Regulatory Compliance : Stay up-to-date with operational risk regulations and ensure that the NBFC's practices comply with financial regulations.
Risk Incident Management : Oversee the investigation and resolution of operational risk incidents and develop processes to prevent their recurrence.
Policy Development : Contribute to the development and updates of operational risk management policies and procedures in line with industry best practices and regulatory guidelines.
Monitoring and Reporting : Regularly monitor operational risk indicators and trends, and prepare reports for senior management and regulatory authorities.
Training and Awareness : Conduct training sessions to educate employees on operational risk awareness and best practices.
Stakeholder Communication : Effectively communicate operational risk-related information to relevant stakeholders and senior management.
Continuous Improvement : Continuously assess and enhance operational risk management practices to adapt to changing market conditions and business strategies.
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