1,732 Operational Risk Specialist jobs in India

Responsibilities :

• Operational Risk Assessment : Identify and assess operational risks associated with the NBFC's activities, including processes, systems, and human factors.
• Risk Mitigation : Develop and implement strategies to mitigate operational risks, including the design and improvement of risk control measures and incident response plans.
• Regulatory Compliance : Stay up-to-date with operational risk regulations and ensure that the NBFC's practices comply with financial regulations.
• Risk Incident Management : Oversee the investigation and resolution of operational risk incidents and develop processes to prevent their recurrence.
• Policy Development : Contribute to the development and updates of operational risk management policies and procedures in line with industry best practices and regulatory guidelines.
• Monitoring and Reporting : Regularly monitor operational risk indicators and trends, and prepare reports for senior management and regulatory authorities.
• Training and Awareness : Conduct training sessions to educate employees on operational risk awareness and best practices.
• Stakeholder Communication : Effectively communicate operational risk-related information to relevant stakeholders and senior management.
• Continuous Improvement : Continuously assess and enhance operational risk management practices to adapt to changing market conditions and business strategies.

Responsibilities :

• Operational Risk Assessment : Identify and assess operational risks associated with the NBFC's activities, including processes, systems, and human factors.
• Risk Mitigation : Develop and implement strategies to mitigate operational risks, including the design and improvement of risk control measures and incident response plans.
• Regulatory Compliance : Stay up-to-date with operational risk regulations and ensure that the NBFC's practices comply with financial regulations.
• Risk Incident Management : Oversee the investigation and resolution of operational risk incidents and develop processes to prevent their recurrence.
• Policy Development : Contribute to the development and updates of operational risk management policies and procedures in line with industry best practices and regulatory guidelines.
• Monitoring and Reporting : Regularly monitor operational risk indicators and trends, and prepare reports for senior management and regulatory authorities.
• Training and Awareness : Conduct training sessions to educate employees on operational risk awareness and best practices.
• Stakeholder Communication : Effectively communicate operational risk-related information to relevant stakeholders and senior management.
• Continuous Improvement : Continuously assess and enhance operational risk management practices to adapt to changing market conditions and business strategies.

Responsibilities :

• Operational Risk Assessment : Identify and assess operational risks associated with the NBFC's activities, including processes, systems, and human factors.
• Risk Mitigation : Develop and implement strategies to mitigate operational risks, including the design and improvement of risk control measures and incident response plans.
• Regulatory Compliance : Stay up-to-date with operational risk regulations and ensure that the NBFC's practices comply with financial regulations.
• Risk Incident Management : Oversee the investigation and resolution of operational risk incidents and develop processes to prevent their recurrence.
• Policy Development : Contribute to the development and updates of operational risk management policies and procedures in line with industry best practices and regulatory guidelines.
• Monitoring and Reporting : Regularly monitor operational risk indicators and trends, and prepare reports for senior management and regulatory authorities.
• Training and Awareness : Conduct training sessions to educate employees on operational risk awareness and best practices.
• Stakeholder Communication : Effectively communicate operational risk-related information to relevant stakeholders and senior management.
• Continuous Improvement : Continuously assess and enhance operational risk management practices to adapt to changing market conditions and business strategies.

Role & responsibilities

 Lead and manage independent projects across a wide range of operational risk management areas such as internal control assessments, developing SOPs and policies, third part risk management,

incident management and reporting, loss data, and business continuity for financial institutions.

 Review, verify and validate existing frameworks, policies, procedures and risk and control matrices for theoretical soundness, testing design and identification of control weaknesses, ensuring ongoing monitoring as well as contribute to the firm-wide risk and control self-assessment (RCSA) exercise.

 Meet business needs and regulatory expectations for assessing key aspects of each area under review: assessment approach, the underlying assumptions, and associated limitations with respect

to heat map requirements for risk rating and control scores, development of the framework, etc.

 Demonstrate independence in planning and stakeholder engagement, testing design and execution,

results interpretation and presentation, and the production of documentation strong enough to

evidence a sound challenge to both internal and external parties.

Must Haves: ORM, Consulting (Indian clients only), incident management, third party risk, BCP, RCSA, control testing, client facing role.

(NO ITGC OR GCC setup)

Preferred candidate profile

Adherence to project delivery timelines

 Adherence to the firms standards for processes and quality

 Project profitability

 Generation of business from existing clients

 Value of marketplace partnerships

 Client feedback

 An ownership attitude" whose passion for solving our client's strategic issues and objectives along with leading a team has grown from their previous engagements in the role.

 Strong analytical and presentation skills

 Strong business writing and oral communication skills

 Collaborative and partnership-oriented and ready to work as a team member/ leader.

Business Function  

Global Transaction Services (GTS) is a product group focused on the management and sale of Cash Management, Trade Finance, and Securities & Fiduciary products and services to institutional clients. 

In GTS Securities & Fiduciary Services, Client Management & Implementation, you will be part of a team that provides sales and services to financial institutions, corporations, and SME customers. 

Job Purpose

Fulfil all responsibilities in relation to:

3. Risk and Control Self-Assessment a) Identify/update the scope of RCSA to be completed for GTS India across all products. b) Conduct pre RCSA workshop and identify new risk and controls for GTS products. c) Plan and implement the RCSA program across all areas within GTS d) Validate RCSA against actual risk event losses, KRI trends, audit and regulatory inspections.

Key Accountabilities:

Required Experience:

Education / Preferred Qualification:

An MBA or Chartered Accountant or equivalent degree is preferable, with at least 5-7 years with banking/product knowledge

Core Competencies

Technical Competencies

DBS India - Culture & Behaviors  

-en

Primary Location

Job

Schedule

Employee Status

Job Posting

Job ID: R

Full/Part-Time: Full-time

Regular/Temporary: Regular

Listed:

Location: Mumbai

In Scope of Position based Promotions (INTERNAL only)

Job Title: Operational Risk Senior Specialist, AVP

Location: Mumbai, India

Role Description

The purpose of the Operational Risk Management (ORM) function is to ensure that the bank's Operational Risk (OR) exposure is adequately managed in-line with the group wide risk appetite and ORM framework. To achieve this, the ORM function requires:

• Risk Managers with the experience, seniority and capability to assess complex risks and intervene where they lie outside the bank's risk appetite.
• A comprehensive, integrated, simple and easy to use OR Framework with supporting technology that assists risk identification, assessment, remediation and monitoring.
• Strong understanding of the businesses combined with regular engagement which would allow ORM to provide support, review and challenge in line with the 3 Lines of Defence Model.
• Proper consideration of emerging risks, rather than just current issues.
• Effective governance combined with supporting contextual data that facilitates decision-making.

ORM is a matrix organisation with business / region and functional specialist axes.

The role is a Regional OR Manager focusing on all Risk Owning groups across the region, in line with the ORM framework and mandate. Specifically, the role performs independent oversight on the implementation of the Group's ORM Framework within the Business Divisions and Infrastructure Functions and independently assess material risks and/or key controls (as required), providing independent review and challenge.

What we'll offer you

As part of our flexible scheme, here are just some of the benefits that you'll enjoy

• Best in class leave policy
• Gender neutral parental leaves
• 100% reimbursement under childcare assistance benefit (gender neutral)
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalization Insurance for you and your dependents
• Accident and Term life Insurance
• Complementary Health screening for 35 yrs. and above

Your key responsibilities

• The ORM Regional Operational Risk Manager will be expected to effectively perform 2 Line of Defence (2LoD) responsibilities to include independent review and challenge, monitoring and assessment activities where ORM is the 2LoD Risk Type Head

Key responsibilities include:

• Monitoring developments within Operational Risk Portfolio at a Regional level (e.g. loss exposure themes, Risk Metrics, Findings (internal/external), Key Controls, Self-Identified Issues (SIIs) and other contextual information) for all operating business within the respective region.
• Assist in the preparation of governance material for effective 2nd Line of Defence monitoring and challenge of operational risk across business divisions and infrastructure functions.
• Ensure that effective and demonstrable challenge to the risk owners where required:
• Pose clear, demonstrable and risk-based challenge
• Analyze and document, evidence of effective challenge and resolution
• Keep abreast and perform effective communication of changes in relevant OR frameworks, tools, laws etc. and understand their implications for the region of coverage.
• Act as primary point of contact for Regulatory inspections on OR matters for country or region covered.
• Syndicate Quantitative Risk Appetite calibration for the country/entity of coverage with Senior Management or in Governance forum and seek relevant approvals.
• Contribute to projects / task forces / working groups relating to the Operational Risk Framework or identified OR risk issues or operational risk incidents.
• Support management of the stakeholder relationships in the covered countries and businesses / functions.
• Monitor control environment in allocated Countries and Businesses and pro-actively manage deficiencies including timely escalation to management (i.e. SII, Findings, OR Event data quality and risk remediation).
• Escalate material OR Event and Risk Appetite breaches.
• Perform effective challenge on Risk identification and Assessment activities e.g. Review lessons learned, Read Across, New Product Approvals and Risk Acceptances
• Promote Risk culture and visibility of ORM via training and participation in OR governance forums.

Your skills and experience

• Qualification requirement of Chartered Accountant (CA), Master of Business Administration (MBA), Bachelor in Commerce, Certification on Risk Management or equivalent
• 5-8 years' experience in a similar role within financial services
• A robust understanding of Operational Risk Management principles and practices and Risk Types, including but not limited to, Transaction Processing Risk, Technology Risk, Third Party Risk Management
• Demonstrable experience of developing strong working relationships with business areas to facilitate successful risk management within the 3 Lines of Defence model.
• Worked with Senior Stakeholders in a dynamic and demanding environment.
• Familiar with India and APAC local regulatory environment in the business and more broadly the regulator perspectives on Operational risk
• Expert in producing regulatory and management reports.
• Knowledge of Microsoft 365 tools (Excel, PowerPoint, Word, etc.), Copilot / AI tools and its application in day to day working.

How we'll support you

• Training and development to help you excel in your career.
• Coaching and support from experts in your team.
• A culture of continuous learning to aid progression.
• A range of flexible benefits that you can tailor to suit your needs.

About us and our teams

Please visit our company website for further information:

We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.

Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.

We welcome applications from all people and promote a positive, fair and inclusive work environment.

Description

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

ORM is a matrix organisation with business / region and functional specialist axes.

The role is a Regional OR Manager focusing on all Risk Owning groups across the region, in line with the ORM framework and mandate. Specifically, the role performs independent oversight on the implementation of the Group's ORM Framework within the Business Divisions and Infrastructure Functions and independently assess material risks and/or key controls (as required), providing independent review and challenge.

What we’ll offer you

As part of our flexible scheme, here are just some of the benefits that you’ll enjoy

Your key responsibilities

Key responsibilities include:

Your skills and experience

How we’ll support you