IDFC FIRST BankEmployer profile
Operational Risk Practitioner
Location not specified · 8–12 yrs
Experience- 8–12 yrs
Salary- Not disclosed
Location- Location not specified
- Work mode
- Not specified
- Job type
- Full-time
Apply by- Closing date not listed
- Posted
- 13 May 24
About this role
Job Title – PractitionerPlace of work - Mumbai
Business Unit – Operational Risk Management
Function – Enterprise Risk Management
Reporting to - Lead - Operational Risk
Job Purpose
The role entails leading the operational risk management activities at the enterprise level for the Retail Assets domain of the Bank. It will be responsible for designing/redesigning strategies to ensure effective coverage of operational risk. The role will closely collaborate with the team responsible including Business / Product Heads and Heads of Credit, Risk, Operations, Legal, and Collections to drive efficiency in Operational Risk area of the Enterprise Risk Management. .
Roles And Responsibilities
- Support the risk and operations functions by assessing the quantum of operational risk, providing a view on the level of exposure relative to risk appetite and advising on risk mitigation for the Retail Assets function. Activities includes but not limited to
- Defining of Standard Operating Procedures (SOPs), Risk Registers, KRIs and monitoring them.
- Conducting the annual RCSA,
- Analysing of Incidents being reported and verifying the Corrective and Preventive actions.
- Review and approve the Product Notes from the ORMD perspective.
- Ensure that relevant dashboards are generated, disseminated and followed-up appropriately in adherence to defined procedures and quality standards.
- Working on various projects and actionable as and when advised by the senior management.
- Working on various internal projects to enhance the productivity of the department.
- Suggesting and implementing the best industry practices.
Postgraduate- CA / MBA
Experience
8-12 Years preferably in Banks, Financial Institution, Consulting having exposure to Retails Assets (including Digital Lending) and related Operations.