Job Description

:Job Title: Operational Risk PractitionerFunction/ Department: Operational Risk ManagementJob Purpose:ORM is the second line of define which ensures all the Risk highlighted by the Business are effectively being monitored and relevant controls are in place to mitigate the Risk.Roles & Responsibilities:

• Review of Policies, Product Notes, Product notes / Standard Operating Procedures from Operational Risk perspective and documentation of risk register for Digital banking channels/products for e.g. Internet banking, Mobile Banking, UPI, Corporate Internet Banking, ENACH, E-Toll, SMS, IVR Banking etc. and IT & ISG
• RCSA testing to be conducted, i.e. Annual Risk & Control Assessment of assigned units as per agreed plan and tracking & timely closure of open issues/ actions and risk acceptances of the assigned Digital Banking units, IT and ISG.
• Identification and monitoring of Key Risk Indicators (KRI's) for digital banking channels, Unit's processes, IT and ISG.
• Tracking & Monitoring of Incidents reported, corrective/preventive actions taken in timely manner by assigned units for e.g. Digital banking units, IT and ISG.
• Strengthen Operational Risk Framework and ensure implementation for digital banking channels and processes, IT and ISG processes.
• Help and train stakeholders and BORMs in ensuring adherence to Operational Risk Framework.
• Senior Management reporting work such as preparation of presentations, minutes of meeting etc.
• Excellent written and verbal communications skills.

Required skills:

• Technical, functional knowledge and experience of working in risk team and have relevant experience of working in Digital Banking channels for e.g. Internet Banking & Mobile banking, UPI etc and IT and ISG areas.
• Shall have good knowledge and experience of Information Technology (IT) applications and IT/Information Security risks and controls review.
• Shall have good knowledge and understanding of Third party/vendor involvement and various fintech models involved in digital banking space.

Education Qualification:Graduation: Bachelor of Commerce (B.com) / Bachelor of Science (B.Sc.) / Bachelor of Arts (BA) / Bachelor of Business & Insurance (BBI) / Bachelor of Management Studies (BMS)Post-graduation: Master of Business Administration (MBA) / Master of Commerce (M.com) / Master of Arts (MA)Experience: 2 to 5 of relevant years of experience.

IDFC FIRST Bank