Operational Risk Manager

Pegasus International; Mumbai; On-site; INR 3,000,000 - 5,000,000; Full time

Job summary

Pegasus International is seeking a Support Head-ORM to lead the operational risk framework across Business, Support and Operations units. You will drive risk identification, assessment and control monitoring and partner with senior management.

Key responsibilities include reviewing risk registers, KRIs and RCAs, analyzing root causes, and guiding corrective actions. You will ensure timely risk reporting, strengthen SOPs, and support ORM decks for monthly reviews.

Qualifications

• Graduate / Post Graduate with a minimum 10 years experience in First/Second Line Operational Risk Management.
• Experience in implementing Operational Risk Management tools (RCSA, KRI, Incidents) Product and Process Note Review for units.
• Good knowledge of Banking products for SMEs, Supply Chain, Micro Finance and Treasury.
• Understanding of industry trends and developments as well as their impact on the business
• Strong communication and writing skills & fluent in written and verbal English.

Responsibilities

• Support Head-ORM in implementing Operational Risk Management framework and facilitate understanding of operational risk requirements across Business, Support & Operations units assigned.
• Review Risk Register (identification of risks and their controls), RCSA and KRI for assigned units.
• Undertake timely periodic review of Key Risk Indicator (KRI) and Risk and Control Self-Assessment (RCSA) exercises.
• Review the Loss Event Reporting for the units assigned as per the ORM policy and ensure the Root Cause is analysed, Corrective Actions taken and Preventive Actions drawn up to prevent re-occurrence.
• Track the appropriate and timely resolution of Issues and Preventive Actions identified by units.
• Review Product Notes and Processes (SOP / Policy / Manuals) to identify key risks and ensure mitigates / controls are provided by owners.
• Bring in and sustain improvement in the operational efficiency and effectiveness of operational risk processes for the assigned units.
• Support in preparation of decks for monthly reviews with Senior Management.
• Providing relevant inputs for the ORMC Deck.
• Other ad-hoc assignments and projects that may be assigned from time to time.

Skills

Operational Risk Management

RCSA

KRI

Root Cause Analysis

Policy & SOP

Education

Graduate / Post Graduate

Tools

RCSA tools

KRI tools

Incidents tracking

Job description

• Support Head-ORM in implementing Operational Risk Management framework and facilitate understanding of operational risk requirements across Business, Support & Operations units assigned.
• Review Risk Register (identification of risks and their controls), RCSA and KRI for assigned units. Reviewing the Risk Register and RCSA that are updated in line with change in Product/ Process/ Technology/ Regulations from time to time.
• Undertake timely periodic review of Key Risk Indicator (KRI) and Risk and Control Self-Assessment (RCSA) exercises.
• Review the Loss Event Reporting for the units assigned as per the ORM policy and ensure the Root Cause is analysed, Corrective Actions taken and Preventive Actions drawn up to prevent re-occurrence. Reach out to other internal and external stakeholders as may be required to validate the submission.
• Track the appropriate and timely resolution of Issues and Preventive Actions identified by units.
• Review Product Notes and Processes (SOP / Policy / Manuals) to identify key risks and ensure mitigates / controls are provided by owners.
• Bring in and sustain improvement in the operational efficiency and effectiveness of operational risk processes for the assigned units.
• Support in preparation of decks for monthly reviews with Senior Management.
• Providing relevant inputs for the ORMC Deck.
• Other ad-hoc assignments and projects that may be assigned from time to time.

Qualifications and Education Requirements

• Graduate / Post Graduate with a minimum 10 years experience in First/Second Line Operational Risk Management. A Professional Degree with an experience in Assets Operations, Branch Banking Operations, Treasury units within a Bank will be an added advantage.
• Experience in implementing Operational Risk Management tools (RCSA, KRI, Incidents) Product and Process Note Review for units.
• Good knowledge of Banking products for SMEs, Supply Chain, Micro Finance and Treasury.
• Understanding of industry trends and developments as well as their impact on the business
• Strong communication and writing skills & fluent in written and verbal English.