Team Member - ORM

Birla Carbon; India; On-site; INR 1,200,000 - 2,400,000; Full time

Job summary

Birla Carbon in India seeks a Team Member - ORM to identify risks from various records and strengthen internal controls. You will coordinate with BORMs and process owners for independent validation of RCMs/ RCSA results and ensure timely remediation.

You will review multiple logs and data sources to detect potential risks, discuss findings with leadership, and support KRI monitoring and reporting. The role also covers governance over outsourcing of financial services to enhance ORM oversight.

Qualifications

• Identify potential risks/ control issues from various records/sources for timely remediation and strengthening internal controls.
• Coordinate with BORMs/Process owners to ensure independent validation of RCMs and RCSA results.
• Review sources like GLs, system reports, IT incident logs, Info Sec logs, customer data and operation logs to identify risks.

Responsibilities

• Identify potential risks/ control issues from various records/ sources for timely remediation and strengthening internal controls.
• Co-ordinate with BORMs/Process owners to ensure independent validation of RCMs and RCSA results shared by Business and Support Functions.
• Review GLs, system generated/ad hoc reports, IT incident logs, Info Sec security logs, customer data, operations logs to identify risks.
• Discuss identified risks with Team Lead-ORM and Head-ORM for investigation, reporting and remediation.
• Support KRI monitoring and breach reporting with root-ccause and timelines.
• Manage open issues from various sources for closure or escalation to strengthen ORM governance.
• Implement Issue and Action Management with trackers and timely updates for stakeholders.
• Assist in governance over outsourcing of financial service activities and ensure timely reviews.

Job description

At the Aditya Birla Group, our Corporate Vision is aligned and intricately woven with our People Vision.

Team Member - ORM

Designation : NA

Location : India Maharashtra R-Tech Park Goregaon

Job Description:

Identify potential risks/ control issues from various available records/ sources for timely remediation and strengthening internal controls.

• Co-ordinate with BORMs/Process owners to ensure independent validation of RCMs and RCSA results shared by Business and Support Functions.
• Review various available sources like GLs, System generated/ ad hoc operational reports, IT incidents log, Info Sec security logs, Customer Complaint data, Operations error log, etc. using analytics/ or manual review procedures to identify potential risk/ control issues.
• Discuss identified potential risks/ control issues with Team Lead-ORM and Head-ORM for further investigation, reporting and remediation, as appropriate.

Support KRI monitoring process for monitoring risk levels and direction.

• Collect, analyze and prepare KRI breach report along with root cause, actions, action owners and timelines for review of Team Lead -ORM and Head-ORM.
• Ensure timely publishing of correct KRI breach report to all stakeholders.

Manage open issues and actions from various sources for closure &/ or timely escalation of overdue items to strengthen ORM governance and oversight.

Implement Issue and Action Management process by ensuring following -

• Build a comprehensive tracker for issues and actions emanating from various source like approved Product notes/ revisions, review of SOPs, RCM reviews, RCSA results, KRI monitoring, Incident reporting including insurance claims, ORMC, RMC, etc.
• Ensure periodic follow-up for timely and correct updation of tracker to facilitate availability of relevant data to various stakeholders.
• Ensure timely reporting &/or escalation of overdue open issues &/or actions.

Assist in strengthening governance over outsourcing of financial service activities.

• Implement approved Outsourcing Policy and various aspects of Outsourcing SOP.
• Annual review of Outsourcing Policy and SOP for changes, if any.
• Assist Head- ORM in ensuring adequate governance over outsourcing of financial service activities by Business and Support functions including co-ordination with Business/Support functions to facilitate pre-assessment of risks prior to outsourcing of new financial services activities.
• Ensure timely completion of periodic Outsourcing reviews by Business & Support functions as per regulations. Review submitted reports and prepare summary report for Board reporting.
• Independent validation of Service Provider review reports submitted by Business and Support Functions.

Assist &/ participate in various ORM initiatives to further strengthen ORM governance and oversight.

• Review adequacy of risks covered in Insurance Policies and publish relevant information for reference and use by LOBs and Support Functions.
• Assist in independent assessment of controls and remediation of gaps (including process control automation initiatives)
• Execute &/or facilitate other ORM initiatives including detailed risk reviews/ process deep dives/ thematic reviews/ ad-hoc projects, etc.
• Assist in collation and preparation of periodic/ ad hoc ORM reports for Senior Management, ORMC, RMC and Board.
• Co-ordinate with Learning & Development team and Business/Support functions for execution of training strategies through online/ offline channels.
• Support automation of ORM processes by participating in system implementation, performance of UAT and resolution of UAT issues, on-going master maintenance, updation of ORM data (RCM updation, RCSA results, risk incidents, KRI, issues and actions, reporting module, etc.) and on-going change management activities.
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