Operational Risk Controls Assurance- Senior Specialist

OSBIndia Private Ltd.; Bengaluru; Hybrid; INR 900,000 - 1,200,000; Full time

Job summary

OSBIndia Private Ltd. is seeking an experienced risk professional to conduct enterprise-wide reviews, assess control effectiveness, and provide timely assessments of emerging issues.

You will work with multiple risk teams and stakeholders to ensure policy adherence and data governance, while guiding junior staff through assurance activities. The role emphasizes independent analysis, robust documentation, and accurate reporting on risk findings to support the organisation's control environment

Qualifications

• 5 to 7 years of experience within a risk environment in a regulated financial institution is essential.
• 4 years’ demonstrable experience of critically analysing information and bringing out clear implications is essential.
• Experience developing management information for multiple audiences is desirable.

Responsibilities

• Conduct enterprise-wide reviews across business areas such as Operational controls.
• Complete assurance reviews to high standards with policy alignment and low findings rate.
• Objectively assess failings with findings and ratings aligned to risk appetite and bank policies.
• Provide timely objective interim assessments of emerging issues and trends to Operational Risk leadership and stakeholders.
• Maintain liaison with other Risk teams and escalate concerns as needed.
• Establish independent working relationships with stakeholders and advise on due diligence efforts when required.
• Maintain review databases (ORMS) to extract findings for executive reporting.
• Support closure of items raised and ensure compliance with Risk Management Policies and Data Governance Policies.
• Mentor and coach team members to ensure delivery of objectives and high-quality execution.

Job description

1. Core Responsibilities

• Conduct enterprise-wide reviews encompassing wider assessments of business areas, e.g. Operational controls


• Complete assurance reviews to a high standard that are balanced and always cognisant of policy requirements and are accurate with a low findings” error rate against test scripts and timelines to enable the function to achieve its goal of becoming a centre of excellence.


• Objectively asses’ failings ascribing findings and ratings aligned with the Banks policies and Operational Risk appetite.


• Provide the Operational Risk leadership and key stakeholders with timely objective interim assessments of emerging issues and thematic trends.


• Maintain close liaison with other Risk teams in respect of inward thematic emerging issues, and timely outward escalation of concerns or issues emanating from specific reviews.


• Establish and maintain a productive but independent working relationship with relevant stakeholders.


• Support the wider Operational Risk function in respect of advice, specific workstreams or due diligence efforts as required.


• Maintain functional individual and consolidated review databases, utilising our system of record – ORMS - to extract specific and cumulative findings to be used in Executive and where necessary external reporting.


• Assist management with the closure of items raised.


• Ensure that you fully understand and comply with the organisation’s Risk Management Policies as they relate to your area of responsibility and demonstrate in your day-to-day work that you put customers at the heart of everything you do;


• Ensure that you fully understand and comply with the organisation’s Data Governance Policies as they relate to your area of responsibility and demonstrate in your day-to-day work that you treat data as an important corporate asset which must be protected and managed;


• Maintain the company’s compliance standards and ensure timely completion of all mandatory on-line training modules and attestations.


• Demonstrates the ability to guide, mentor, and coach team members, providing support and direction whenever required to ensure successful delivery of objectives.


• Possesses the capacity to effectively perform and review controls simultaneously, ensuring high-quality execution, appropriate challenge, and timely completion of assurance activities.

2. Experience Requirements

• 5 to 7 years of experience working within a risk environment within a regulated financial institution is essential.


• 4 years’ demonstrable experience of critically analysing information and bringing out clear implications is essential.


• Previous experience of the development of management information for multiple audiences is desirable.

3. Knowledge Requirements

• Sound knowledge of Bank systems, processes and controls is essential.


• Sound knowledge of bank policies and how they are practically operationalised is essential.


• Sound knowledge of the control testing approaches, with particular focus on operational and design effectiveness assessments.


• Sounds knowledge of risks and preventative systems and tools utilised in a lending and savings environment is essential.