Job Description

Role/ Job Title: Lead - Business Operational Risk & Compliance Function/ Department: Retail Asset Business & Risk Job Purpose The role entails managing operational risk and compliance for retail assets. The role will closely collaborate with the Product, Business, Credit, Collections, Policy, Technology, Risk and Operations teams to drive effective implementation of Operational Risk framework and adherence to regulatory requirements. Roles & Responsibilities Assist all stakeholders in quarterly performance of Risk control self-assessment, data submission for KRI (Key Risk indicators). Enhance understanding of operational risk and compliance. Manage operational risk events, ensuring timely completion of preventive and corrective action. Review of SOPs/ Policies from Operational Risk and Compliance perspective. Preparation of Business Operational Risk decks. Tracking and closure of Operational Risk issues and events. Liaison/ Collaborate with stakeholders for closure of RBI requirements and regulatory compliances. Recommend process changes in order to mitigate operational and regulatory risk. End to end management of RBI inspection which entails understanding of regulatory requirement, identifying concerned stakeholder within Retail Assets, co-ordination with IT & BIU for data extraction, validation of data in collaboration with concerned team and final submission to Compliance for onward submission to RBI. Process enhancements for mitigating risk identified through RCSA, Internal Audit, RBI inspection. Management and closure of internal audit observations and statutory audit requirements. Drive Regulatory Projects. Conduct of Business Operational Risk Committee. Education Qualification Graduation: BBA (Bachelor of Business Administration) / B.Com (Bachelor in Commerce) / B.Tech (Bachelor in Technology) / B.A. (Bachelor of Arts) / B.E. (Bachelor in Engineering) / B.Sc (Bachelor of Science). Post-graduation: MBA (Master of Business Administration) / PGDM (Post Graduate Diploma in Management) / CA (Chartered Accountant). Experience: 10 to 18 years of experience in Operational Risk, Compliance.

foundit