Risk Operations Analyst

Shivalik Small Finance Bank; Dadri; On-site; INR 900,000 - 1,200,000; Full time

Job summary

Shivalik Small Finance Bank in India is seeking an experienced professional to support the implementation, maintenance, and enhancement of the Operational Risk Management Framework across the organization.

You will partner with business and support functions to identify, assess, monitor, and manage operational risks using RCSA and KRIs, providing advisory guidance on risk mitigation, reviewing controls, and preparing risk reports for senior management and governance forums.

Responsibilities

• Support the implementation, enhancement, and maintenance of the Operational Risk Management Framework, policies, and procedures across the organization.
• Partner with business and support functions to identify, assess, monitor, and manage operational risks using tools such as Risk and Control Self-Assessment (RCSA) and Key Risk Indicators (KRIs).
• Provide advisory support and guidance to business units on operational risk matters and risk mitigation strategies.
• Review and monitor key operational risks and evaluate the effectiveness of existing controls and corrective actions.
• Prepare, analyze, and present operational risk reports, dashboards, and management information for senior management, Risk Committees, and other governance forums.
• Analyze operational loss events, risk incidents, and near-miss data to identify trends, root causes, and emerging risks.
• Identify operational risk gaps across products, processes, and business functions and recommend appropriate controls.
• Support periodic reviews and enhancements of the operational risk framework in line with regulatory requirements and business objectives.
• Conduct operational risk assessments for new products, services, processes, systems, and change initiatives.
• Coordinate Business Continuity Planning (BCP) and Business Impact Analysis (BIA), operational resilience, and incident management activities with various departments.
• Manage collection, validation, quality checks, and regulatory reporting of RBS tranche data.
• Track risk action plans and ensure timely closure of audit, compliance, risk, and control-related observations.
• Collaborate with Internal Audit, Compliance, Information Security, and Business Teams to strengthen the overall control environment.
• Support regulatory inspections, audits, and risk reviews by providing relevant data and documentation.

Job description

Role & responsibilities

• Support the implementation, enhancement, and maintenance of the Operational Risk Management Framework, policies, and procedures across the organization.
• Partner with business and support functions to identify, assess, monitor, and manage operational risks using tools such as Risk and Control Self-Assessment (RCSA) and Key Risk Indicators (KRIs).
• Provide advisory support and guidance to business units on operational risk matters and risk mitigation strategies.
• Review and monitor key operational risks and evaluate the effectiveness of existing controls and corrective actions.
• Prepare, analyze, and present operational risk reports, dashboards, and management information for senior management, Risk Committees, and other governance forums.
• Analyze operational loss events, risk incidents, and near-miss data to identify trends, root causes, and emerging risks.
• Identify operational risk gaps across products, processes, and business functions and recommend appropriate controls.
• Support periodic reviews and enhancements of the operational risk framework in line with regulatory requirements and business objectives.
• Conduct operational risk assessments for new products, services, processes, systems, and change initiatives.
• Coordinate Business Continuity Planning (BCP) and Business Impact Analysis (BIA), operational resilience, and incident management activities with various departments.
• Manage collection, validation, quality checks, and regulatory reporting of RBS tranche data.
• Track risk action plans and ensure timely closure of audit, compliance, risk, and control-related observations.
• Collaborate with Internal Audit, Compliance, Information Security, and Business Teams to strengthen the overall control environment.
• Support regulatory inspections, audits, and risk reviews by providing relevant data and documentation.