Operational Risk Management - LOD2 - Mumbai

Job Description:

Key Risk Indicators (KRIs) – LoD2 Oversight • Own and govern the Bank-wide KRI framework including definitions, methodologies, thresholds, frequency, and classification standards • Maintain the central inventory of KRIs and ensure alignment with the Bank’s risk taxonomy and operational risk framework. • Independently review and challenge KRI data submitted by LoD1 for completeness, accuracy, and consistency. • Analyse KRI trends, emerging risk signals, and systemic issues across businesses. • Review and challenge root cause analysis and corrective / preventive action plans proposed by LoD1 for KRI breaches. • Track ageing and effectiveness of action plans; escalate unresolved or recurring breaches to senior management and governance forums. • Periodically review and recommend re-calibration of thresholds and introduction of new KRIs based on changes in risk profile, regulatory focus, or operating environment. • Prepare and present Dashboards and Risk Assessment based on KRIs to ORECs, RMC, CRMC and Senior Management. • Responsible for responding to regulatory indents and coordinating the management of regulatory and supervisory inspections • Responsible for KRI automation, including integration of data flows from source systems through the enterprise data warehouse

Policy Governance & Regulatory Coordination • Custodianship of Bank-wide policies, including maintenance of policy inventory and tracking of policy status • Ensure timely review of policies by stakeholders in accordance with the Bank’s policy governance framework • Present periodic status updates on policy reviews to the Board and senior management • Own and drive automation of the policy workflow, including review, approval, and tracking mechanisms • Manage regulatory indents and coordinate regulatory and supervisory inspections, including collation and governance of responses

MBA/ CA with 15+ years of overall experience and minimum 5 Yrs in Operational Risk in a leading Indian Bank • Strong understanding of key banking domains across Consumer, Commercial, Wholesale, Trade & Forex, Treasury, and IT • Excellent communication & presentation skills, with ability to engage effectively with senior stakeholders • Data-driven, with a strong passion for analytics and evidence-based decision-making and risk-based insights • High attention to detail and strong quality orientation • Independent thinker with the ability to exercise judgement and provide constructive challenge • Demonstrates strong passion and constructive assertiveness in driving outcomes