Job Description

Note:

  • Specific/ mandatory skills:
  • Knowledge about risk management
  • Experience about various framework components (particularly events management, controls, risk appetite and risk & control assessment
  • Leadership experience (team lead)
  • Project management skills (CTB experience)
  • Experience with operational risk and its modeling 
  • Knowledge of respective regulatory requirements for OR
  • Statistical / Backtesting knowledge (desirable)
  • Ability to work independently in a structured manner and solution oriented
  • Experience in creating scenarios
  • ICAAP process (desirable)
  • Proficient with MS Office (Excel, PPT and Word)
  • Experience range: 8-11 years
  • Open to considering fresher candidates (Yes/No): No
  • Open to considering relocation/ non-local candidates (Yes/No): No
  • Contract duration: 8 months
  • Shift timings:  10 AM to 7 PM
  • Number of days work from office: Currently 3 days, can change to 5 days a week
  • Preference of hiring only diversity candidates (Yes/No): No

 

Role Description:

The purpose of the Non-Financial Risk Management (NFRM) function is to ensure that the bank’s Non-Financial Risk (NFR) exposure is adequately managed in-line with the group wide risk appetite and NFRM framework. To achieve this the NFRM function requires:

  • Risk Managers with experience, seniority and tools to assess complex risks and intervene where they lie outside the bank’s risk appetite
  • Support the development of solutions to connect data, processes and reporting across multiple non-financial risk systems
  • A comprehensive, integrated, simple and easy to use NFR Framework with supporting technology that assists risk identification, assessment and remediation
  • Strong understanding of the businesses combined with regular engagement which would allow NFRM to provide support, review and challenge in line with the 3 Lines of Defense Model
  • Close coordination with all 2nd Line of Defense (LoD) Risk Type Controllers to facilitate the production of a holistic view of NFR
  • Close coordination with NFRM Framework team members to identify business requirements and collaborate to develop, test and implement system solutions
  • Proper consideration of emerging risks, rather than just current issues
  • Effective governance combined with supporting MI that facilitates decision-making

 

 

Your key responsibilities:

This role in the NFR Mumbai Risk Centre’s structured scenarios team will be expected to effectively perform below responsibilities:

  • Perform deep dive analysis to understand mapping of various internal events with various risk types and business divisions
  • Collaborate with various stakeholders in creation and implementation of scenarios
  • Thematic reviews and analysis to factor impact of scenarios on business divisions and risk types
  • Collaborate to perform root cause investigation and provide suggestion on remedial activities
  • Collaboration in implementation of an exposure and event-based approach for risk management

 

Your skills and experience:

  • A robust understanding of Non-Financial Risk Management principles and practices
  • Understanding of framework components like Scenarios, Controls, Risk appetite, RCA, emerging risk and external events analysis
  • Experience to lead people and project will be helpful
  • Demonstrable experience of developing strong working relationships with business areas to facilitate successful risk management within the 3 LoD model
  • Advanced user of MS Excel / Access database with experience of data aggregation and manipulation to produce meaningful MI
  • Worked with Senior Stakeholders within a high-pressure dynamic environment

Apply