Analyst-Operational Risk Management

AMERICAN EXPRESS; Gurugram District; On-site; INR 900,000 - 1,300,000; Full time

Job summary

AMERICAN EXPRESS in India seeks an Analyst in Operational Risk Management (ORM) to strengthen risk controls through independent monitoring and testing across the enterprise. The role requires collaboration across multiple business units and geographies to embed effective risk management into day-to-day operations.

The ideal candidate has 0-3 years of relevant experience with strong knowledge of risk lifecycle, governance, and reporting.

Qualifications

• 0-3 years of relevant experience.
• Degree in CA/CS/MBA/B.Tech or Economics/Statistics.
• Strong understanding of operational risk lifecycle & issue management.
• Experience in governance, policies, regulatory frameworks, and standards.
• Experience in control testing, risk assessment, and audits.
• Experience in LoD frameworks.
• Excellent communication and proactiveness.
• Translating risk strategy into execution guidelines.
• Monitoring breaches in KRI thresholds and risk appetite.
• Supporting governance framework implementation.
• Developing and communicating risk procedures and standards.
• Supporting risk examination and regulatory processes.

Responsibilities

• Support the independent testing and monitoring program based on an annual risk-assessed plan and established testing methodologies
• Develop a comprehensive operational risk coverage universe for a risk-based annual plan
• Independently monitor operational risk trends and activities across the enterprise
• Support and execute an effective challenge process based on defined criteria and annual plan
• Perform ToD and ToE activities and maintain testing documentation
• Demonstrate knowledge of policies for RCSA, PRCA, ERM, internal controls, and risk parameters
• Understand the Issue Management lifecycle including identification, remediation, validation, and closure
• Manage 2LoD testing activities and integrate methodologies for interconnected risks
• Coordinate a holistic and deduplicated independent risk assessment process
• Proactively identify high-risk areas for intervention or escalation
• Support Communities of Practice by sharing best practices and new methodologies
• Drive risk reporting to ERM Committee, Board, and Senior Management with oversight
• Share insights and best practices across the enterprise proactively

Skills

Operational risk lifecycle

Issue management

Project management

Communication skills

Analytical thinking

Risk assessment

Audit & controls

LoD framework

Proactiveness

Education

CA/CS/MBA/B.Tech or Economics/Statistics

Job description

B30 - Analyst, Operational Risk Management (ORM) - Independent Monitoring & Testing

The objective of the Operational Risk Management (ORM) Independent Monitoring & Testing team is to strengthen organizational resilience through independent monitoring and testing activities, establish clear standards for reporting and risk assessments, and provide a holistic view of operational risk through aggregated reporting.

Operational Risk Management is seeking an Analyst for the Independent Monitoring & Testing team, focused on ensuring effective operational risk management is embedded into day-to-day business operations. This role requires extensive collaboration across multiple business units, functional areas, and geographies

• CA/CS/MBA/B.Tech or Masters degree in Economics or Statistics, or a related field (preferably from a top-tier institute) with 0-3 years of relevant experience.
• Strong understanding of critical operational risk management lifecycle & issue management activities
• Excellent project management, communication, and interpersonal skills
• Experience in process governance and familiarity with policies, regulatory frameworks, and operational standards
• Strong analytical and problem-solving capabilities, including the ability to analyze data, identify trends, and evaluate risk scenarios effectively
• Experience in control testing, risk assessment, and audit functions
• Experience working within any Line of Defense (LoD) framework
• Excellent communication skills and proactiveness

Experience in one or more of the following areas is preferred:

• Prior experience in Operational Risk Management, Internal Audit, Statutory Audit, Risk Management, or First- or Second-Line Risk functions is preferred.
• Translating operational risk strategy and appetite into execution guidelines
• Monitoring and identifying breaches in Key Risk Indicator (KRI) thresholds and risk appetite metrics
• Supporting implementation of operational risk governance frameworks
• Developing and communicating operational risk procedures and standards while ensuring adherence
• Supporting operational risk examination and regulatory management processes

The Analyst, Operational Risk Management (ORM), Independent Monitoring & Testing, will:

• Support the independent testing and monitoring program based on an annual risk-assessed plan and established testing methodologies
• Develop a comprehensive operational risk coverage universe that supports a risk-based annual plan
• Independently monitor operational risk trends and activities across the enterprise
• Support and execute an effective challenge process based on defined criteria and integrated into the annual plan
• Perform Test of Design (ToD) and Test of Effectiveness (ToE) activities and maintain associated control testing documentation
• Demonstrate strong knowledge of policies and guidelines related to RCSA, PRCA, Enterprise Risk Management, internal control frameworks, and risk parameters
• Possess an understanding of the Issue Management lifecycle, including issue identification, remediation, validation, and closure processes
• Manage independent Second Line of Defense (2LoD) testing activities, including integration of methodologies and test plans to address interconnected risks
• Coordinate a holistic and de-duplicated independent risk assessment process
• Proactively identify high-risk areas requiring intervention or escalation
• Support cross-functional Communities of Practice (CoPs) by sharing best practices and helping pioneer new methodologies
• Drive reporting related to operational risk topics for the Enterprise Risk Management Committee, Board of Directors, and Senior Management, while providing support and oversight for associated initiatives
• Act as a key contributor in sharing insights, themes, and best practices across the enterprise in a proactive manner

Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.