690 Operational Risk jobs in India

About Our Client

Prominent financial services player

Job Description

* Lead, conduct and assist the identification, assessment, monitoring and mitigation of risks throughout the group.

* Analyze and report risk profile and control performance, and benchmark processes against regulatory requirements, Company standards and industry best practices to develop and improve the Company risk management framework.

* Liaise with directors and senior managers to identify risks in their business areas, and agree the controls required to mitigate each risk. Enter those risks and controls on the risk register and ensure that the entries are consistent.

* Provide monthly updates to the Executive on current business risks and progress with action points and prepare quarterly reports for the Audit and Risk Committee. Support the Board in its ownership and management of regulatory risk (including without limitation RBI regulatory risk).

* Provide support and leadership where appropriate on specific risk projects, method changes or risk systems developments.

* Develop a continuous improvement culture where lessons learned are shared.

* Act as an exemplar of leadership values and behaviors through effective role modelling and actions.

* Ensure the Risk Function is a strong 2nd line of defense that is supportive, enabling and independently challenging to the business.

* Ensure the business manages all types of risk within agreed statements of risk appetite.

* Represent and promote the importance of robust and appropriate internal controls to senior management, advising on the response business should take to key risk and regulatory issues

The Successful Applicant

CA - with experience in a regulated entity / Big 4 with risk audit experience.

Excellent leadership skills - demonstrates gravitas, personal credibility and ability to influence.

Excellent communication and stakeholder management skills - able to communicate complex ideas in an understandable way and get people behind ideas. Able to operate independently and objectively - empowering others, building trust with peers and direct reports

Role purpose: To effectively execute Operational Risk Management framework, interact with Senior Management team, highlight gaps in processes/controls through effective risk assessment and governance of risk management processes in the Organization.

Job responsibilities:

1. Assist in strengthening ORM framework, participate in Risk and Control self-assessment (RCSA) exercise, identify gaps, discuss and formulate action items with process owners to bridge gaps and track action items for timely closure
2. Conduct process walkthroughs/reviews across products/processes
3. Manage OR incidents, liaise with business for RCA, resolution and corrective action plan and report OR incident report to senior management.
4. Manage Third party risk management
5. Monitor Key Risk Indicators (KRI) and highlight gaps to senior management with mitigations in consultation with business owners
6. Conduct training sessions on Operational Risk management to employees
7. Support in Business Continuity Planning (BCP) activities.

Competencies critical to the role:

1. Team player and ability to operate with tight deadlines
2. Proactiveness with a go-getter attitude
3. Strong communication & interpersonal skills with ability to effectively communicate across levels of the organization

Work experience: 10 to 15 years experience in operational risk management in Banks or NBFCs.

Role purpose: To effectively execute Operational Risk Management framework, interact with Senior Management team, highlight gaps in processes/controls through effective risk assessment and governance of risk management processes in the Organization.

Job responsibilities:

1. Assist in strengthening ORM framework, participate in Risk and Control self-assessment (RCSA) exercise, identify gaps, discuss and formulate action items with process owners to bridge gaps and track action items for timely closure
2. Conduct process walkthroughs/reviews across products/processes
3. Manage OR incidents, liaise with business for RCA, resolution and corrective action plan and report OR incident report to senior management.
4. Manage Third party risk management
5. Monitor Key Risk Indicators (KRI) and highlight gaps to senior management with mitigations in consultation with business owners
6. Conduct training sessions on Operational Risk management to employees
7. Support in Business Continuity Planning (BCP) activities.

Competencies critical to the role:

1. Team player and ability to operate with tight deadlines
2. Proactiveness with a go-getter attitude
3. Strong communication & interpersonal skills with ability to effectively communicate across levels of the organization

Work experience: 10 to 15 years experience in operational risk management in Banks or NBFCs.

Alcentra is owned by Franklin Templeton, a dynamic firm that spans asset management, wealth management, and fintech, giving us many ways to help investors make progress toward their goals. With clients in over 150 countries and offices on six continents, you’ll get exposed to different cultures, people, and business development happening around the world.

Alcentra operates independently as a Specialist Investment Manager and is headquartered in London, with offices in New York, Boston, Tokyo and Hong Kong. We are a leading, global asset management firm specializing in the sub-investment grade debt markets, experts in credit management, private credit, and structured credit strategies. Our investors include pension funds, insurance companies, government agencies, banks, wealth managers and high net worth individuals.

Visit to learn more who we are. 

Alcentra, recently acquired by Benefit Street Partners ("BSP"), is a wholly owned subsidiary of Franklin Resources, Inc. that, together with its various subsidiaries, operates as Franklin Templeton. The BSP/Alcentra combined organization is a leading credit-focused alternative asset management firm with approximately $77 billion in assets under management. Established in 2008, the BSP platform manages funds for institutions, high-net-worth and retail investors across various strategies including: private/opportunistic debt, liquid loans, high yield, special situations, long-short liquid credit and commercial real estate debt. Established in 2002, the Alcentra platform manages funds for institutions, high-net-worth and retail investors with a focus on the sub-investment grade debt capital markets in Europe and the U.S. Their objective is to deliver strong, risk-adjusted returns that are less correlated, through a complementary suite of traditional and alternative credit strategies. In pursuing this objective, their investment strategy and approach to credit selection are based on intensive fundamental research and credit analysis, combined with active portfolio management to minimize credit losses. 

What is the Operational Risk Manager responsible for?

What are the ongoing responsibilities of the Operational Risk Manager?

What ideal qualifications, skills & experience would help someone to be successful?

Work Shift Timings - 2:00 PM – 11:00 PM IST

Experience our welcoming culture and reach your professional and personal potential!

Our culture is shaped by our diverse global workforce and strongly held core values. Regardless of your interests, lifestyle, or background, there’s a place for you at Franklin Templeton. We provide employees with the tools, resources, and learning opportunities to help them excel in their career and personal life. 

By joining us, you will become part of a culture that focuses on employee well-being and provides multidimensional support for a positive and healthy lifestyle. We understand that benefits are at the core of employee well-being and may vary depending on individual needs. Whether you need support for maintaining your physical and mental health, saving for life’s adventures, taking care of your family members, or making a positive impact in your community, we aim to have them covered.

*Most benefits vary by location. Ask your recruiter about benefits in your country.

Franklin Templeton is an Equal Opportunity Employer. We are committed to providing equal employment opportunities to all applicants and existing employees, and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation. 

Franklin Templeton is committed to fostering a diverse and inclusive environment. If you believe that you need an accommodation to search for or apply for one of our positions, please send an email to . In your email, please include the accommodation you are requesting, the job title, and the job number you are applying for. It may take up to three business days to receive a response to your request. Please note that only accommodation requests will receive a response.

Description

Major Duties

Qualification:

Skills Required:

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at .

We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.

Operational Risk Manager

Are you passionate about managing and mitigating operational risks in a fast-paced, technology-driven financial ecosystem? Our client, a leading digital lending platform, is looking for an Operational Risk Manager to join their growing team.

About the Role

As an Operational Risk Manager , you will play a critical role in ensuring risk mitigation within credit operations. You will be responsible for identifying operational risks, implementing control measures, ensuring compliance with regulatory guidelines, and collaborating with cross-functional teams to strengthen risk management practices.

Key Responsibilities

Identify operational risks across credit processes, including loan origination, underwriting, disbursement, and collections.

Develop and implement robust control measures to mitigate risks, ensuring adherence to company policies and regulatory requirements.

Ensure compliance with RBI guidelines and other relevant regulations.

Investigate risk incidents, identify root causes, and recommend corrective actions.

Track and report key operational risk indicators (KRIs) to provide early warnings.

Conduct regular audits of credit operations to ensure regulatory compliance.

Prepare detailed risk assessment reports for senior management.

Collaborate with Credit, Risk, Compliance, and Technology teams to implement risk mitigation strategies.

Conduct training sessions for credit team members to promote risk awareness.

Ideal Candidate Profile

Highly driven and motivated with a hands-on approach.

Strong communication and stakeholder management skills.

Proactive and able to work independently in a dynamic environment.

In-depth knowledge of operational risk frameworks, particularly within credit operations.

Qualifications & Experience

CA/MBA with 5-10 years of relevant experience in Operational Risk Management.

Experience in assessing and managing operational risks across business processes.

Expertise in creating and maintaining Risk Registers, conducting periodic Risk Control testing, and implementing mitigation strategies.

Ability to engage with stakeholders to address operational risk gaps.

If you have the expertise and enthusiasm to contribute to a growing digital lending business, apply now to be part of this exciting opportunity!