Operational Risk Specialist

As the Operational Risk Specialist in a Non-Banking Financial Company (NBFC), your primary responsibility is to identify, assess, and mitigate operational risks that could impact the company's operations and reputation. You will play a vital role in enhancing the operational risk management framework and ensuring compliance with relevant regulations.

Principal Accountabilities

1. Operational Risk Assessment : Identify and assess operational risks associated with the NBFC's activities, including processes, systems, and human factors.

2. Risk Mitigation : Develop and implement strategies to mitigate operational risks, including the design and improvement of risk control measures and incident response plans.

3. Regulatory Compliance : Stay up-to-date with operational risk regulations and ensure that the NBFC's practices comply with local and national financial regulations.

4. Risk Incident Management : Oversee the investigation and resolution of operational risk incidents and develop processes to prevent their recurrence.

5. Policy Development : Contribute to the development and updates of operational risk management policies and procedures in line with industry best practices and regulatory guidelines.

6. Monitoring and Reporting : Regularly monitor operational risk indicators and trends, and prepare reports for senior management and regulatory authorities.

7. Training and Awareness : Conduct training sessions to educate employees on operational risk awareness and best practices.

8. Stakeholder Communication : Effectively communicate operational risk-related information to relevant stakeholders and senior management.

9. Continuous Improvement : Continuously assess and enhance operational risk management practices to adapt to changing market conditions and business strategies.

Desired Profile

• Bachelor's degree in finance, business administration, risk management, or a related field. A master's degree or relevant certification (e.G., CRO, ARM) is a plus.
• Minimum of 3-5 years of experience in operational risk management, preferably within the Non-Banking Financial Company (NBFC) sector.
• Strong knowledge of operational risk assessment methodologies, best practices, and regulatory requirements.
• Excellent analytical, problem-solving, and decision-making skills.
• Effective communication and interpersonal skills.
• Proficiency in risk management tools, data analysis, and reporting.