72 Operational Risk Specialist jobs in Pune

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.

About Northern Trust
Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.

The Senior Consultant is a member of the global Non-Financial Risk (NFR) organization, on a team that connects NFR risk program outcomes to each business unit (BU). As the BU Senior Consultant, you will be an individual contributor in the second line of defence, and will connect with Business Unit Risk Officers and program specialists across NFR. You will be responsible for providing risk insights for the business units to which you are aligned.

Job title
Senior Risk Consultant

Location
Bangalore or Pune

Experience
Seven years of relevant experience

24 months as Consultant

Job Duties
Major Duties

• Responsible for monitoring business unit performance across NFR programs, and highlighting emerging risks, themes and trends
• Provide risk review and challenge across all operational risks, including review and challenge of Risk and Control Self Assessments (RCSA)
• Execute BU specific deep dive reviews
• Monitor and advise on delivery of Operational Risk initiatives at the business unit level
• Operates independently; has in-depth knowledge of the NFR function. The role is balanced between high level operational execution and development, and execution of strategic direction of NFR activities.
• Provides feedback to the NFR program leaders based on business unit level observations
• Acts as contact and advisor for NFR risk analytics with Business Unit Risk Officers.
• Carries out activities that are large in scope, cross-functional and technically difficult. Conducts analysis of adherence to NFR programs and requirements, independently ensuring accuracy and completeness.
• Provides communication and training efforts to promote understanding of Operational Risks throughout the business unit assigned

Qualification

• A college or university degree and/or relevant proven work experience is required. Advanced degree in related field (mathematics, statistics, economics) or equivalent career experience preferred. Related industry qualification is preferred.

Skills Required

• Excellent oral and written communication skills are required.
• Knowledge of services and processes associated to one or more Northern Trust Business Units (Asset Management, Wealth Management, Asset Servicing)
• Ability to communicate effectively verbally and in writing with all audiences, including non-technical senior leaders, in a structured manner.
• Strong problem-solving skills, e.g., ability to structure ambiguous problems and mobilize diverse teams to solve them; ability to lead the team to define the root cause of issues.
• Ability to move people to act, e.g., convening, structuring, owning the agenda and facilitating meetings and workshops to lead groups to agreement and commitment to execute.

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.

About Our Pune Office
The Northern Trust Pune office, established in 2016, is now home to over 3,000 employees. The office handles various functions, including Operations for Asset Servicing and Wealth Management, as well as delivering critical technology solutions that support business operations across the globe.

Our Pune team takes our commitment to service to heart. In 2024, they volunteered more than 10,000+ hours into the communities where they live and work. Learn more.

• Conduct comprehensive risk assessments, including market risk, credit risk, operational risk, and liquidity risk.
• Develop and implement risk models and analytical frameworks.
• Monitor and analyze financial data to identify emerging risks and trends.
• Prepare detailed risk reports for senior management and regulatory bodies.
• Ensure compliance with all relevant financial regulations and internal policies.
• Collaborate with business units to develop risk mitigation strategies.
• Design and deliver risk management training programs.
• Stay updated on industry best practices and changes in the regulatory landscape.
• Perform stress testing and scenario analysis.
• Contribute to the continuous improvement of risk management processes.

• Bachelor's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field. Master's degree or professional certifications (e.g., FRM, CFA) are a plus.
• 3-5 years of experience in financial risk management, analysis, or a related role within the banking or financial services industry.
• Proficiency in quantitative analysis and statistical modeling techniques.
• Strong knowledge of financial instruments, markets, and regulations (e.g., Basel Accords).
• Experience with risk management software and tools.
• Excellent analytical, problem-solving, and critical thinking skills.
• Strong written and verbal communication skills, with the ability to present complex information clearly.
• Proficiency in MS Excel, SQL, and data visualization tools.
• Ability to work independently and as part of a team.

Hiring For USA Based Multinational Company

We are seeking a detail-oriented Financial Risk Analyst to join our Risk Management team. The ideal candidate will be responsible for identifying, analyzing, and managing potential financial risks to the organization. This includes evaluating market conditions, economic trends, credit risks, and operational risks, and providing recommendations to mitigate financial exposure. The role involves utilizing data analysis, financial modeling, and forecasting techniques to assess risk, ensuring that the company’s financial health and objectives are protected.

• Identify, assess, and monitor financial risks including market, credit, operational, and liquidity risks across all business units.
• Conduct financial analysis, stress tests, and scenario modeling to evaluate the potential impact of various risk factors on the organization’s financial position.
• Use quantitative and qualitative risk assessment techniques to provide actionable insights to senior management and business stakeholders.
• Build and maintain financial models to forecast potential risks under different economic conditions and market scenarios.
• Perform sensitivity analysis on financial metrics such as interest rates, exchange rates, commodity prices, and credit spreads.
• Provide forecasts on potential risk impacts and recommend risk-mitigating actions (e.g., hedging, diversification).
• Prepare regular risk reports, including risk dashboards and performance metrics, to update stakeholders on the organization’s exposure to financial risks.
• Document risk management processes, methodologies, and strategies, ensuring that all analyses are clearly communicated and comply with regulatory requirements.
• Present risk findings to senior management, risk committees, and relevant stakeholders.
• Evaluate the creditworthiness of potential clients, vendors, and business partners, using financial analysis and credit scoring models.
• Monitor and review outstanding loans, investments, and credit portfolios to ensure they align with risk tolerance limits and business objectives.
• Develop and implement strategies to minimize credit risk exposure, including setting up appropriate credit limits and payment terms.
• Monitor financial markets and economic indicators to identify trends and potential risks affecting the company’s assets and liabilities.
• Analyze the company’s liquidity position, ensuring adequate cash flow and working capital are available to meet short-term obligations.
• Advise management on strategies to manage market risks, including the use of hedging instruments, diversifying investments, or altering portfolio allocations.
• Ensure compliance with financial risk management regulations, including those related to Basel III, Dodd-Frank, MiFID II, and other relevant local and international standards.
• Assist in audits and regulatory reviews of financial risk management practices and controls.
• Stay current on changes in financial regulations and adjust risk management policies and procedures accordingly.
• Work closely with other departments, such as accounting, treasury, and operations, to develop and implement effective risk management strategies.
• Provide strategic recommendations for mitigating risk while supporting the company’s financial goals.
• Collaborate with external stakeholders, such as auditors, consultants, and regulators, to improve risk management practices.

• Identify, assess, and quantify financial risks, including market risk, credit risk, operational risk, and liquidity risk.
• Develop, implement, and maintain risk models and methodologies.
• Monitor financial markets and economic indicators for potential risks and opportunities.
• Conduct stress testing and scenario analysis to evaluate the resilience of the firm's financial position.
• Prepare comprehensive risk reports and present findings to senior management and relevant committees.
• Ensure compliance with regulatory requirements and internal risk policies.
• Collaborate with business units to embed risk management best practices into their operations.
• Contribute to the development and enhancement of risk management frameworks and tools.
• Analyze the impact of financial regulations on the organization's risk profile.
• Stay updated on industry best practices and emerging trends in financial risk management.

• Master's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field.
• A minimum of 5 years of progressive experience in financial risk management within the banking or financial services sector.
• Strong quantitative and analytical skills, with proficiency in statistical modeling and data analysis tools (e.g., R, Python, SQL).
• In-depth knowledge of financial instruments, markets, and regulatory frameworks (e.g., Basel III, Solvency II).
• Experience with risk assessment techniques, including VaR, stress testing, and scenario analysis.
• Excellent communication and presentation skills, with the ability to articulate complex financial concepts clearly.
• Proven ability to work independently and as part of a collaborative team.
• Professional certifications such as FRM or CFA are highly desirable.
• A meticulous approach to detail and a strong commitment to accuracy.
• Demonstrated ability to manage multiple projects and meet tight deadlines.