Operational Risk identification, mitigation, monitoring 

Coordinating Risk & Control Self-Assessment (RCSA) framework across the various Business and Support units.  Assisting in identification of key risk indicators with business units.  Performing root cause analyses on identified risk events and recommend improvements to prevent these risk events from re-occurring in future.  Perform tests and measure risks, implement controls, measure their effectiveness. Monitoring the implementation of action plans to address medium and red key risk indicators reported monthly to Risk Management.  Monitor and act on any KPI / KRI adverse trends that arise based on Transaction Monitoring and internal and external alerts Track and analyze incidences of frauds (successful and attempted) identify causes and implement with respective units comprehensive measures to close loopholes.  Review key outsourcing arrangements for the bank in line with outsourcing guidelines. Review policies and risk associated in arm’s length agreement.  Frame and release RCSA reports to the central group and arrive at an overall risk for the entity

Business processes and policies reviews 

Review major policies, processes and products for the Bank and propose change based on new risk, control enabled and new policies implementation 

 

Analytics , Automation and Documentation

Champion documentation of inter departmental SLAs during quality assurance reviews.  Enabling automation for Transaction monitoring and identify key risk indicators System implementation for Fraud Monitoring and Risk Tool.

 

Business Continuity Management 

Work with Risk manager to implement BCM framework for the bank  Review of program and tools to ensure they are updated.  Ensure BCP testing is carried out as per schedule for both business and support unit.  Train staff on BCM in conjunction with Risk 

 

Reporting

Liaoning with regulators for Frauds and Compliance Events. Reporting to the Board level Committees of the frauds / complaints / special investigations etc.  Implementation of the directions of the Board Level Committees Submission of Returns to RBI

 

 

SKILLS

Technical acumen; Problem-solving and decision-making abilities; Analytical skills and a good eye for detail; Good communication and presentation skills; Ability to understand broad business issues.