Assistant Vice President – Operational Risk Management – NBFC Impeccable HR Consulting

The Corporate Institute; Mumbai; On-site; INR 4,000,000 - 7,000,000; Full time

Job summary

The Corporate Institute in Mumbai seeks an experienced professional for the role of Assistant Vice President – Operational Risk Management within a leading financial services organisation. The role focuses on implementing and reviewing the Operational Risk Management framework, policies, and governance while driving risk assessments and reporting.

Key responsibilities include RCSA design, inherent risk assessments, loss data management, vendor risk reviews, and fraud risk controls.

Qualifications

• Strong understanding of Operational Risk Management concepts, risk governance and internal control frameworks.
• Hands-on experience in RCSA, Risk Control Matrix (RCM), KRI monitoring and operational risk assessments.
• Working knowledge of RBI regulatory requirements applicable to NBFCs.

Responsibilities

• Implement and periodically review the Operational Risk Management framework, policies and governance mechanisms.
• Design and conduct RCSA exercises across key business and support functions.
• Assess inherent risks, control design, operating effectiveness and residual risks.
• Establish and maintain an operational loss database and conduct root cause analysis of losses.
• Conduct operational risk reviews of vendors and outsourcing partners per RBI guidelines.
• Support Fraud Risk Management framework and analyze incidents for preventive controls.
• Monitor KRIs, loss trends, risk themes and corrective actions.
• Prepare operational risk reports and dashboards for senior management.
• Conduct awareness sessions on risk identification, incident reporting and control discipline.

Skills

Operational risk concepts

RCSA experience

KRI monitoring

Vendor risk management

End-to-end lending

Strong communication

Analytical ability

Excel proficiency

Tools

Power BI

Job description

Job Overview:

We are looking for an experienced professional for the position of Assistant Vice President – Operational Risk Management with a leading financial services organisation.

Key Responsibilities:

• Implement and periodically review the Operational Risk Management framework, policies, procedures and governance mechanisms.
• Design and conduct Risk & Control Self-Assessment (RCSA) exercises across key business and support functions.
• Assess inherent risks, control design, operating effectiveness and residual risks.
• Establish and maintain an operational loss database and conduct root cause analysis of operational loss incidents.
• Conduct operational risk reviews of critical vendors and outsourcing partners in line with applicable RBI guidelines.
• Support implementation of the Fraud Risk Management framework, analyse incidents and recommend preventive controls.
• Monitor Key Risk Indicators (KRIs), operational loss trends, risk themes and corrective actions.
• Prepare operational risk reports, dashboards and presentations for senior management and risk committees.
• Conduct awareness sessions for employees and process owners on operational risk identification, incident reporting and control discipline.

Required Skills & Competencies:

• Strong understanding of Operational Risk Management concepts, risk governance and internal control frameworks.
• Hands-on experience in RCSA, Risk Control Matrix (RCM), KRI monitoring and operational risk assessments.
• Working knowledge of RBI regulatory requirements applicable to NBFCs.
• Understanding of end-to-end lending processes, including sourcing, KYC, credit operations, documentation, disbursement, collections and recoveries.
• Experience in operational loss monitoring, incident reporting and root cause analysis.
• Exposure to vendor risk management, outsourcing risk and fraud risk management.
• Ability to review SOPs, process notes, system workflows, access controls and audit trails.
• Strong analytical, documentation and stakeholder management skills.
• Advanced Excel skills; knowledge of Power BI or similar reporting tools will be an advantage.