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POSITION DESCRIPTION
JOB TITLE
Specialist-Operational Risk
DEPARTMENT
Risk
LOCATION
HO
SUB-DEPARTMENT
Operations Risk
TYPE OF POSITION
Full-time
REPORTS TO
Corporate Manager Operational Risk
REPORTING INTO
I I. ROLE PURPOSE & OBJECTIVE
· The incumbent will report to the Corporate Ops Risk Manager and will take directions for the development and deployment of various risk related activities such as Risk & control self-assessment, Internal Financial controls (IFC) testing, Key Risk Indicators (KRI), RCA, Outsourcing, User Acceptance Testing (UAT) and MIS reporting.
III. KEY DUTIES & RESPONSIBILITIES OF THE ROLE
Business/ Financials
· Provides critical input on new All products/processes and any amendments to products/processes to highlight Operational Risks by reviewing product notes, SOPs etc.
· Performed the Key Risk Indicators (KRI) for department and co-ordination with respective department for data collection and action plan.
Participates in product and process review for availability of controls and also perform User Acceptance Testing (UAT), Business Requirements Document (BRD), Functional Specification Documents (FSD) to ensure effectiveness of controls.
· Perform vendors risk assessment with regards to outsourcing to ensure regulatory compliance
· Perform Root Cause Analysis (RCA) of operational incidents which lead to loss events.
Customer
· Carry out thematic control testing to review effectiveness of various controls, and provision for automation.
· Visit branches across regions to review process adherence on identified and assessable parameters.
· Prepare data required for the purpose of various Data Control Testing
Internal Process
· Implementation of Internal Audit and RBI recommendations specific to the Operational Risk unit
· Reports loss incidents for identification of control gaps
· Responsible for implementing risk and control matrix / register for various processes in Ujjivan SFB.
Learning & Innovation
· Updates self with prevailing regulations, notification, circulars and guidelines of the regulators and statutory bodies, and disseminate the information regarding new regulatory developments.
· Attend external training programs and workshops to enhance operational risk skill sets.
· Enhance knowledge through successful certification on various courses related to risk managements and latest technological developments.
· Ensure goal-setting, mid-year review and annual appraisal process happens within specified timelines for self
IV. MINIMUM REQUIREMENTS OF KNOWLEDGE & SKILLS
Educational
Qualifications
· MBA (preferable) or Graduate
Experience
· 5 years of experience in Retail Banking, should have experience in both Assets and Liabilities business.
· 3+ years of hands-on experience in Risk, Audit or Compliance.
Certifications
· Certification in Risk management (preferred).
Functional Skills
· Sound knowledge of Risk Management principles & the evolving practices for the management of Operational Risk
· Knowledge of micro finance and functioning of Bank is a plus.
· Knowledge of RBI polices and guidelines relevant to SFB
Behavioral Skills
· Good team player
· Ability to work with cross functional teams to deliver desired outcome
· Good analytical skills
· Good written communication and presentation skills
· High standards of integrity and ethics
Competencies Required
· Building Relationship
· Driving Change
· Planning & Organizing
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