Operation Risk Manager

L&T Finance; Mumbai; On-site; INR 400,000 - 550,000; Full time

Job summary

L&T Finance in Mumbai seeks a CA freshers for an Operational Risk role. The position involves helping manage the Operational Risk Framework, identifying and evaluating risks, and supporting process reviews from an OR perspective.

You will drive RCSA across business units, oversee control validation testing, review policies for better controls, monitor risk events, and analyze root causes with senior management, while aiding digital initiatives and sharing expertise with units.

Qualifications

• Experience in identifying, evaluating, and mitigating operational risks.
• Experience in developing pre-emptive control strategies.
• Experience in reviewing policies and procedures from an OR perspective.
• Familiarity with KRIs and risk event analysis.
• Strong risk reporting and monitoring capabilities.

Responsibilities

• Manage and maintain an effective Operational Risk Framework.
• Identify, evaluate, control and mitigate organization-wide operational risks by developing a pre-emptive control strategy.
• Provide support to units in conducting process and procedure reviews, User Acceptance Test from OR perspective.
• Responsible for Risk Control Self Assessments (RCSA) for various business functions and overseeing control validation testing in all key areas.
• Periodic review of Policies/ procedures from OR perspective with an aim to build better controls and bring efficiency.
• Regular review of risk events reported and perform root cause analysis in consultation with business units.
• Identification of Key Risk Indicators (KRIs) and regular monitoring and reporting of KRI breaches to senior management.
• Tracking of action plans developed and monitor the closure of the same within timelines.
• Supporting units in various digital initiatives from OR perspective.
• Be a point of reference for business units and share knowledge and skills.

Job description

Role & responsibilities

• Manage and maintain an effective Operational Risk Framework.
• Identify, evaluate, control and mitigate the organization wide operational risks by developing a pre-emptive control strategy.
• Provide support to units in conducting process and procedure reviews, User Acceptance Test from OR perspective.

• Responsible for Risk Control Self Assessments (RCSA) for various business functions and overseeing control validation testing in all key areas.
• Periodic review of Policies/ procedures from OR perspective with an aim to build better controls and bring efficiency.
• Regular review of risk events reported and perform root cause analysis in consultation with business units.
• Identification of Key Risk Indicators (KRIs) and regular monitoring and reporting of KRI breaches to senior management.
• Tracking of action plans developed and monitor the closure of the same within timelines.

Supporting units in various digital initiatives from OR perspective.

Be a point of reference for business units and share knowledge and skills.

Preferred candidate profile

CA Freshers