Chief Manager/Senior Manager - Operational Risk
Published date: 2024/01/10
- Location: Jaipur, Rajasthan, India
JD for Chief Manager/Sr. Manager-Operational Risk
- Initiate and develop OR policies, processes, and frameworks according to standards for risk management.
- Review of OR Framework and related policies related to the business unit
- Implement a plan to prevent, eliminate/minimize and mitigate operational risks.
- Conduct root cause analysis of OR incidents and ensure effective corrective action
- Support the business to design controls to enable risk management for new products/processes
- Drive continuous improvement in the business control environment by using OR tools
- Conduct RCSA and discuss with functional heads for preventive/ corrective action.
- Doing control testing and maintenance of risk registers.
- Identifying and working on areas of cost reduction and process improvement.
- Identification and measurement of operational losses and reporting to management.
- Develop KRI and ensure review/monitoring of KRIs and preventive/ corrective action is taken by concerned stakeholders for bringing parameters within defined thresholds
- Conducting ORMC, documenting minutes, and timely closure of ATRs.
- Design, develop, and Review revised SOPs and oversee the effective design of controls for all revised/changed processes
- Publishing KRI Dashboard and OR Event Dashboard to Functional Heads on a periodical basis.
- Ensure the constitution of appropriate operational risk committees with approved
- Terms of reference including quorum, recording minutes, follow-up for the closure of identified actionable
- Initiate and develop OR policies, processes, and frameworks according to standards for risk management.
- Review of OR Framework and related policies related to the business unit
- Implement a plan to prevent, eliminate/minimize and mitigate operational risks.
- Conduct root cause analysis of OR incidents and ensure effective corrective action
- Support the business to design controls to enable risk management for new products/processes
- Drive continuous improvement in the business control environment by using OR tools
- Conduct RCSA and discuss with functional heads for preventive/ corrective action.
- Doing control testing and maintenance of risk registers.
- Identifying and working on areas of cost reduction and process improvement.
- Identification and measurement of operational losses and reporting to management.
- Develop KRI and ensure review/monitoring of KRIs and preventive/ corrective action is taken by concerned stakeholders for bringing parameters within defined thresholds
- Conducting ORMC, documenting minutes, and timely closure of ATRs.
- Design, develop, and Review revised SOPs and oversee the effective design of controls for all revised/changed processes
- Publishing KRI Dashboard and OR Event Dashboard to Functional Heads on a periodical basis.
- Ensure the constitution of appropriate operational risk committees with approved
- Terms of reference including quorum, recording minutes, follow-up for the closure of identified actionable
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