Sr. Manager - Risk ( ORM & ERM)

This role is for one of the Weekday's clients

Salary range: Rs 1800000 - Rs 3000000 (ie INR 18-30 LPA)

Min Experience: 8 years

Location: Mumbai

JobType: full-time

We are seeking an experienced Risk Management professional to strengthen Operational Risk and Enterprise Risk functions. The role will be responsible for implementing risk frameworks, enhancing governance, and fostering a strong risk-aware culture across the organization.

Key Responsibilities

1. Operational Risk Management (ORM)

• Conduct and oversee Risk & Control Self Assessments (RCSA) across business units.
• Identify, assess, and document operational risks across processes, systems, people, and external factors.
• Maintain and regularly update the Operational Risk Register.
• Monitor and report Key Risk Indicators (KRIs), including breach escalation and follow-ups.
• Perform root-cause analysis for operational incidents, losses, and near misses.
• Evaluate internal controls and recommend mitigation actions and process improvements.
• Review process flows, SOPs, and assess control effectiveness for risk mitigation.

2. Enterprise Risk Management (ERM)

• Support the implementation and enhancement of the ERM framework.
• Identify and assess strategic, financial, compliance, credit, operational, and reputational risks.
• Facilitate enterprise-wide risk assessments with business leaders and senior management.
• Prepare risk heat maps, dashboards, and contribute to the development of the Risk Appetite Statement.
• Track emerging risks and evaluate their potential organizational impact.

3. Governance & Compliance

• Ensure alignment with internal policies and applicable regulatory guidelines (RBI, SEBI, NBFC-related norms, etc.).
• Collaborate with Internal Audit, Compliance, and Finance teams for integrated risk oversight.
• Support Business Continuity Planning (BCP), disaster recovery testing, and policy review cycles.
• Assist in preparing materials for risk committees, including documentation, reporting, and follow-up actions.

4. Reporting & Analytics

• Prepare periodic risk reports for senior management and the Board Risk Committee.
• Develop dashboards and visual summaries of key risk metrics using Excel or BI tools.
• Present risk findings, trends, and mitigation progress in a clear and actionable manner.

Required Experience & Skills

• 8–10 years of experience in Risk Management, preferably in NBFC, BFSI, Housing Finance, or Financial Services.
• Strong understanding of Operational Risk, ERM frameworks, RCSA, KRI monitoring, BCP/DR, and Risk Appetite concepts.
• Good knowledge of regulatory guidelines relevant to financial institutions.
• Experience in developing policies, risk registers, and governance structures.
• Strong analytical, investigative, and problem-solving abilities.
• Excellent communication and stakeholder management skills.
• Proficiency in risk tools, MIS, and MS Office (Excel, PowerPoint).