Lead Risk Management

NPCI International; Mumbai; On-site; INR 1,200,000 - 1,500,000; Full time

Benefits offered by this job

Comprehensive medical, accidental, and life insurance

Employee Assistance Program

Mobility benefits and support for relocation

Provident Fund and Gratuity Contributions

Job summary

NPCI International in Mumbai is seeking a Senior Associate/Lead for Enterprise Risk Management. The ideal candidate will have 4-5 years of experience in risk management, particularly in the financial services sector, and relevant qualifications such as CA or MBA.

This role involves assessing operational risk, managing incidents, and building relationships with stakeholders. The organization offers a culture of innovation and a commitment to employee wellbeing and growth.

Qualifications

• 4–5 years of experience in risk identification and management.
• Experience in financial services with regulatory knowledge.
• Strong ability to articulate complex information clearly.

Responsibilities

• Review product/process documentation and assess operational risk impact.
• Monitor risk profile changes due to business initiatives.
• Conduct detailed walkthroughs and process mapping for risk identification.

Skills

Risk Management

Analytical skills

Decision-making

Interpersonal skills

Education

CA or MBA

Job description

National Payments Corporation of India (NPCI) | Full Time

The National Payments Corporation of India (NPCI) is a pivotal institution in India's digital payments ecosystem, established by the Reserve Bank of India (RBI) and the Indian Banks’ Association (IBA). It operates under the Payment and Settlement Systems Act, 2007, and is incorporated as a “Not for Profit” company under Section 25 of the Companies Act 1956 (now Section 8 of the Companies Act 2013). NPCI is dedicated to building world‑class digital payment infrastructure through innovative and efficient retail payment platforms. As an Equal Opportunity Employer, NPCI is committed to fostering an inclusive workplace culture, with zero tolerance for discrimination based on race, ethnicity, disability, gender identity, or sexual orientation, including support for the LGBTQ+ community.

Our Culture

NPCI WAY – Our Guiding Principles

NPCI WAY is not just a framework – it’s a shared commitment by every individual to align with our evolving business needs, dynamic market conditions, and workforce expectations.

Five Tenets of the NPCI WAY

• Forward Thinking Mind‑Set
• Customer First
• Lead with Purpose
• Passion to Deliver
• All Succeed Together

Employee Perks and Benefits

Insurance & Wellness:

• Comprehensive Coverage: Medical, accidental, and life insurance.
• Employee Assistance Program: On‑site medical center, financial/legal counselling, mental wellness.
• Annual Wellness Bouquet: Holistic wellbeing support.

Family & Childcare:

• Parental Leave: Inclusive maternity and paternity leave.
• Daycare Support: Assistance for working parents.

Mobility & Lifestyle:

• Mobility Benefits: Relocation, transfers, and travel support.
• Home Loan Interest Support: Up to 50% reimbursement.
• Mobile Reimbursement: New handset every 2 years.
• Car Lease, Salary Advance, Subsidized Meals.
• Reward & Recognition Program.
• Technology Innovation: Patents and IP Rights policy.

Retirement Planning:

• Provident Fund (PF) and Gratuity Contributions.

At NPCI, you’ll be part of a purpose‑driven organization shaping the future of digital payments in India and beyond. NPCI offers a unique opportunity to work on cutting‑edge projects that directly impact millions. We foster a culture of innovation, inclusion, and high performance, where every individual is empowered to lead with purpose and deliver with passion. With a strong focus on employee wellbeing, continuous learning, and collaborative success, NPCI is more than just a workplace – it’s a platform to grow, contribute, and make a meaningful difference.

Function: Enterprise Risk Management (ERM) and Operational Risk Management (ORM)

Corporate Title: Senior Associate/Lead

Place of Posting: Mumbai

Preferred Educational Qualification: CA or MBA

Experience: 4–5 years of relevant experience in risk identification and management, Enterprise Risk Management (ERM), Operational Risk Management (ORM), incident governance, compliance and/or audit.

The candidate should have worked extensively on maturing the risk culture through diligent initiatives.

Experience in the financial services industry and a working knowledge of regulatory requirements.

Profound knowledge of Risk Management (regulatory requirements, industry leading practices & trends in ORM and ERM).

Ability to articulate complex concepts and information in a clear, concise, and structured manner.

Strong strategic, analytical, and decision‑making skills.

Proven relationship management skills and ability to influence a large and diverse group of stakeholders (often without organizational structure) through persuasion, intellect, experience, strong interpersonal skills, etc.

Stay abreast of current industry standards, regulations, and external environment.

Develop and maintain knowledge of systems and data to ensure optimal use of technology.

Strong strategic, analytical, communication and decision‑making skills.

Job Responsibilities

• Review new product/process documentation and identify the impact on the operational risk profile, ensuring adequate mitigation measures and controls are in place.
• Monitor, review, and communicate the impact on the risk profile of future initiatives, including new product/process assessments, targeted risk reviews, major business changes, changes in regulations, and changes in the operating environment.
• Responsible for the completion of the Risk and Control Self‑Assessments for the assigned departments/verticals in the ERM tool, if any.
• Carry out detailed walkthroughs and process mapping to identify significant risks and controls.
• Identify Key Risk Indicators for the assigned verticals/departments, monitor and report the same periodically.
• Assist in determining the company’s risk appetite and quantify the amount of risk as per the impact and likelihood.
• Oversee the operational risk incident management process to guarantee timeliness, integrity, and quality control.
• Review operational risk incidents and conduct root‑cause and business impact analysis.
• Develop risk mitigation action plans.
• Work with other lines of defense (Compliance, Internal Audit, etc.).
• Manage and build relationships with ORM vendors.
• Fast‑paced and passionate career builder.