1,935 Risk Manager jobs in India

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?

• The role sits within a small team in a dynamic entrepreneurial investment management firm.
• The purpose of the role is to work directly with the Head of Operational Risk in running the Alcentra Operational Risk Framework. Given the small team size, the successful candidate will be required to individually own key components of the framework and work proactively with colleagues across the business to complete required deliverables.
• The team's remit is to ensure the firm is compliant with its regulatory requirements in respect of operational risk, and to constructively add value to operational processes and controls. The successful candidate will need to apply commercial judgement to ensure that recommendations made to the business are proportionate to risk levels and harms that could arise.
• The successful candidate will be an integral member of the department, and will have the opportunity to deliver both as part of a team and also individually.
• The Operational Risk team report into the Alcentra Head of Risk & Compliance. Operational Risk work closely with departments across the business including: Compliance; Investment Risk; Finance; Operations; AML/KYC; Portfolio Management; Trading; IT; Business Development; Product; Investment Structuring & Fund Formation; Credit Research and others.
• This role is a great opportunity for a candidate looking to gain experience across the full Operational Risk Framework, as well as getting involved in broader risk initiatives and projects. Your work will be meaningful and visible within the company. There is significant responsibility from day one.
• The successful candidate will be required to work London hours to align with the Alcentra Limited business. There is a requirement for employees to be present in the office Tuesday through Thursday, with occasional Mondays also.

What are the ongoing responsibilities of the Operational Risk Manager?

• Conducting controls testing reviews on the most material operational risks facing the company. Documenting process flows on critical processes.
• Participating in the annual refresh of the firm's RCSA. Initially the successful candidate will be project managing the RCSA refresh. This involves organising workshops; preparing materials; and documenting changes to risks and controls as discussed in the meetings. Over time there is the opportunity to host workshops also.
• Collating KRI reporting and commentary monthly. Raising appropriate queries to KRI providers for metrics trending outside of risk appetite.
• Monitoring the open action items tracked within the RCSA, and working with action owners to ensure they are closed timely.
• Providing RfP / DDQ responses to the client facing teams on Operational Risk topics.
• Documenting and remediating errors. This includes conducting root cause analysis, agreeing control improvements (where applicable) and conducting error closure validation.
• Contributing to the Strategic & Emerging Risk Assessment.
• Periodic update of Operational Risk team procedures and policies as required.
• Acting constructively and with a solutions-focussed mindset to the business on topics of Operational Risk both in terms of BAU and also on projects undertaken by the business.
• Other tasks and initiatives as may be required by Senior Management.

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

• Operational risk, internal audit, or similar background within an investment manager is essential.
• Experience of working within a boutique investment manager is advantageous.
• Proven experience in building controls testing plans and conducting controls testing reviews is highly desirable.
• Process mapping ability.
• Experience of running components of an operational risk framework independently.
• Highly motivated self-starter with the ability to work efficiently and with credibility.
• Well-organised. Able to proactively manage and prioritise their workload.
• Clear and precise verbal and written communication skills with the ability engage with various professionals and teams of all seniorities across the company.
• Logical approach to problem solving, including possessing the commercial acumen to ensure recommendations made to the business are proportionate to the level of risk being mitigated.
• Naturally high attention to detail and strong critical thinking / analytical skills.
• Intermediate skills in PowerPoint, Excel, and Word.

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.

Learn more about the wide range of benefits we offer at Franklin Templeton

• 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.

Company Description

Svamaan Financial Services Pvt. Ltd. is a modern NBFC-MFI dedicated to enhancing the lives and livelihoods of customers across India through financial inclusion. Our mission is to provide accessible and reliable financial services to underserved communities, empowering them to achieve economic growth and stability.

Role Description

This is a full-time on-site role for an Operational Risk Manager based in Mumbai. The Operational Risk Manager will be responsible for managing and mitigating risks across the organization. Daily tasks include identifying and assessing operational risks, ensuring regulatory compliance, developing and implementing risk management strategies, and maintaining business continuity plans. The role requires close collaboration with various departments to ensure enterprise risk management and safeguard the company's financial health.

Qualifications

• Experience in Business Continuity and Regulatory Compliance
• Experience in drafting process and policies relevant to NBFC.
• Expertise in Enterprise Risk Management and Analytical Skills
• Strong background in Finance
• Excellent problem-solving and decision-making abilities
• Bachelor's degree in Business, Finance, Risk Management, or related field; A professional certification in risk management is a plus
• Ability to work on-site in Mumbai
• Strong communication and teamwork skills

Role : Operational Risk Manager

Exp : 3 7 Location : Bangalore

Position Summary:

The Operational Risk Manager will be responsible for identifying, assessing, monitoring, and mitigating operational risks within the health insurance business. This role involves ensuring compliance with internal policies and external regulatory requirements, overseeing risk events, and implementing risk management frameworks to protect organizational objectives.

Key Responsibilities:

1. Operational Risk Management: Identify, assess, and monitor key operational risks across health insurance business operations. o Develop and implement risk management strategies, frameworks, and policies. o Conduct risk assessments and ensure action plans are in place to address identified risks.

2. Compliance and Regulatory Oversight: o Ensure compliance with regulatory requirements, insurance guidelines, and organizational policies. o Participate in the implementation and managing the requirements of the Risk Based Supervisory Framework. o Participate in the implementation of AML / KYC Framework o Liaise with regulatory bodies, as required, to maintain adherence to local and international risk management standards.

3. Risk Event Reporting and Analysis: o Analyze operational risk events, identify root causes, and track mitigation measures. o Maintain proper documentation and ensure timely reporting of risk events to senior management and relevant stakeholders.

4. Risk Monitoring and Testing: o Develop and oversee regular monitoring of key risk indicators (KRIs) and operational risk metrics. o Implement risk testing methodologies to identify emerging risks and assess controls' effectiveness.

5. Process Improvement: o Identify opportunities to strengthen operational processes to reduce risk exposure. o Partner with business units to design and implement controls and solutions to mitigate risk. o Drive culture of updated process documentation across the organization

6. Training and Awareness: o Conduct operational risk awareness sessions and training programs for employees. o Promote a risk-conscious culture across departments.

7. Stakeholder Engagement: o Work collaboratively with business leaders, operations, finance, compliance, audit, and IT teams to strengthen risk mitigation strategies. o Provide operational risk insights to senior management for decision-making.

8. Audit and Review Support: o Facilitate internal and external audit processes related to operational risk. o Respond to audit findings and support follow-ups.

Required Skills and Qualifications:

Education:

Bachelor's or Masters degree in Finance, Risk Management, Insurance, Business Administration, or related fields.

Experience:

Minimum 3 years of experience in operational risk management within the health insurance or financial services industry. o Proven experience with regulatory compliance, risk assessment, and risk framework implementation.

Skills :

Strong analytical, problem-solving, and data interpretation skills. o Proficiency in risk management tools, metrics, and methodologies. o Knowledge of health insurance regulations and market practices. o Proficiency in risk reporting, risk control frameworks, and internal audits.

Leadership and Communication: o Excellent interpersonal and leadership abilities to engage with cross-functional teams. o Strong verbal and written communication skills.

Preferred Qualifications:

Certification in Risk Management (e.g., FRM, CRM, or other relevant qualifications). Familiarity with digital transformation trends in health insurance and technological impacts on operational risk. Experience managing risks related to claims processing, underwriting, IT infrastructure, or fraud prevention.

Company Attributes / Personality Fit:

Ability to thrive in a fast-paced, dynamic, and diverse environment. Results-driven with a proactive, hands-on approach to problem-solving. A strategic thinker with attention to detail and a focus on collaboration. This role offers an opportunity to lead operational risk initiatives in a rapidly growing health insurance market in India, ensuring that risks are effectively managed while aligning with business growth and compliance standards.

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.

Role : Operational Risk Manager

Exp : 3 7 Location : Bangalore

Position Summary:

The Operational Risk Manager will be responsible for identifying, assessing, monitoring, and mitigating operational risks within the health insurance business. This role involves ensuring compliance with internal policies and external regulatory requirements, overseeing risk events, and implementing risk management frameworks to protect organizational objectives.

Key Responsibilities:

1. Operational Risk Management: Identify, assess, and monitor key operational risks across health insurance business operations. o Develop and implement risk management strategies, frameworks, and policies. o Conduct risk assessments and ensure action plans are in place to address identified risks.

2. Compliance and Regulatory Oversight: o Ensure compliance with regulatory requirements, insurance guidelines, and organizational policies. o Participate in the implementation and managing the requirements of the Risk Based Supervisory Framework. o Participate in the implementation of AML / KYC Framework o Liaise with regulatory bodies, as required, to maintain adherence to local and international risk management standards.

3. Risk Event Reporting and Analysis: o Analyze operational risk events, identify root causes, and track mitigation measures. o Maintain proper documentation and ensure timely reporting of risk events to senior management and relevant stakeholders.

4. Risk Monitoring and Testing: o Develop and oversee regular monitoring of key risk indicators (KRIs) and operational risk metrics. o Implement risk testing methodologies to identify emerging risks and assess controls' effectiveness.

5. Process Improvement: o Identify opportunities to strengthen operational processes to reduce risk exposure. o Partner with business units to design and implement controls and solutions to mitigate risk. o Drive culture of updated process documentation across the organization

6. Training and Awareness: o Conduct operational risk awareness sessions and training programs for employees. o Promote a risk-conscious culture across departments.

7. Stakeholder Engagement: o Work collaboratively with business leaders, operations, finance, compliance, audit, and IT teams to strengthen risk mitigation strategies. o Provide operational risk insights to senior management for decision-making.

8. Audit and Review Support: o Facilitate internal and external audit processes related to operational risk. o Respond to audit findings and support follow-ups.

Required Skills and Qualifications:

Education:

Bachelor's or Masters degree in Finance, Risk Management, Insurance, Business Administration, or related fields.

Experience:

Minimum 3 years of experience in operational risk management within the health insurance or financial services industry. o Proven experience with regulatory compliance, risk assessment, and risk framework implementation.

Skills :

Strong analytical, problem-solving, and data interpretation skills. o Proficiency in risk management tools, metrics, and methodologies. o Knowledge of health insurance regulations and market practices. o Proficiency in risk reporting, risk control frameworks, and internal audits.

Leadership and Communication: o Excellent interpersonal and leadership abilities to engage with cross-functional teams. o Strong verbal and written communication skills.

Preferred Qualifications:

Certification in Risk Management (e.g., FRM, CRM, or other relevant qualifications). Familiarity with digital transformation trends in health insurance and technological impacts on operational risk. Experience managing risks related to claims processing, underwriting, IT infrastructure, or fraud prevention.

Company Attributes / Personality Fit:

Ability to thrive in a fast-paced, dynamic, and diverse environment. Results-driven with a proactive, hands-on approach to problem-solving. A strategic thinker with attention to detail and a focus on collaboration. This role offers an opportunity to lead operational risk initiatives in a rapidly growing health insurance market in India, ensuring that risks are effectively managed while aligning with business growth and compliance standards. 

Role: The Third Party Officer "TPO" is a new role as part of Citi's Third Party Risk Management program. The Third Party Officer is responsible to focus on those third parties which carry the highest degree of risk for Citi's businesses. The TPO requires in depth business product knowledge and expertise and will manage the third party relationship across all stages of the lifecycle. The TPO will work in concert with business operations and technology teams, as well as internal functions, to identify, manage and mitigate risk. The TPO will be supported by the Enterprise Supply Chain Third Party Utility which is responsible for the execution of standard third party risk management activities that can be conducted centrally to drive operational efficiencies.

Responsibilities:

The Third Party Officer is responsible to:

• Gain thorough knowledge and understanding of Citi Third Party Risk Management requirements and Markets Operations outsourced portfolio
• Represent business leadership in coordinating third party risk requirement
• Evaluate current market conditions and provide insight on trends/issues
• Complete initial Risk Assessment for third party and reevaluate as required; identify any significant changes in relationship to trigger update of Risk Assessment
• Create, carry out and maintain a Management Plan, as required
• Verify third party's compliance to required policies and controls
• Conduct on-site visits of third party, as required
• Develop, document and update Citi's Exit Strategy Plans as required; when the exit strategy poses significant risk to Citi, work with business contacts to establish appropriate risk mitigation activities to minimize risk to Citi
• Interact with third parties on escalations of non-performance and contractual issues to drive resolution when appropriate
• Maintain summary dashboard of third party performance and understand performance, including SLA breaches
• Monitor third party performance and SLA's; either directly or through coordination with other Citi stakeholders
• Maintain the list of SLAs/SOWs in Citi's Contract Management System (eSourcing); working with Enterprise Supply Chain (ESC) organization if re-negotiations are required
• Review, assess and act on results of Risk Management Assessments/Analysis (including but not limited to: IS, COB, DPO, Export, Credit Risk, Country Risk, Financial Evaluations, etc.)
• Own and lead remediation of any issues or gaps identified from ongoing monitoring.
• Define risk mitigation strategies and risk exceptions based on the business' risk appetite
• Provide Thought Leadership to drive supplier optimization and efficiencies
• Enhance productivity of third party service delivery and identify cost reduction opportunities from efficiency/alternative demand scenarios
• Standardize SLA performance monitoring measures for like services, where possible
• As appropriate, interact with larger TPO community and/or ESC category leads for best practices sharing and coordination of services
• Liaise with the ESC Third Party Utility, as necessary, to review and respond to the results of third party risk management activities conducted centrally by the Utility
• Draft and present succinct executive briefs; prepare and present high-level metrics to applicable Citi senior management and stakeholders
• Serve as point of contact to ensure Third Party's remediation of audit or exam issues is sufficient and escalate as necessary

Qualifications:

• Preferred Candidate with 10+ years of relevant experience in Supply Chain Management, risk management and/or regulatory compliance in one or more of the following risk disciplines: technology risk, business continuity, operational risk, supplier risk, or audit and controls. Broad knowledge of other risk areas, with strong understanding of supplier or third-party risk impact in a financial services company preferred
• Minimum BS/BA degree. Advanced degree a plus.
• Demonstrates in depth business/product knowledge and services outsourcing
• Excellent communication skills in English, both oral and written, with the ability to articulate complex and sensitive issues to senior management. Local language requirements as applicable.
• Experience in Supplier Chain Management and interacting with Suppliers' management teams with the ability to exercise sound, timely and independent judgment.
• Strong leadership skills and executive savvy; ability to influence at all levels and influence desired outcomes
• Demonstrates a deep understanding of the changing economics and operational capabilities of suppliers across a broad spectrum of business types
• Exposure to regional / sector risk management teams and an understanding of the sensitivity of the dynamic relationships cross-sectors and regions
• Ability to organize and prioritize multiple deliverables while working independently and effectively in a large, global corporate environment

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Job Family Group:

Risk Management

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Job Family:

Operational Risk

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Time Type:

Full time

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Most Relevant Skills

Analytical Thinking, Constructive Debate, Controls Design, Escalation Management, Issue Management, Operational Risk, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment.

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Other Relevant Skills

Credible Challenge, Data Analysis, Laws and Regulations, Management Reporting, Referral and Escalation, Risk Remediation.

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Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi .

View Citi's EEO Policy Statement and the Know Your Rights poster.

At Tide, we are building something exciting for the Small Business owners, a finance & admin platform designed to save small businesses time and money. We provide our members with business accounts and related banking services, but also a comprehensive set of connected administrative solutions from invoicing to accounting.

Launched in 2017, Tide is now the leading business financial platform in the UK with 650,000 SME members (10% market share) and more than 350,000 SMEs in India. Headquartered in London, Tide has over 1,800 Tideans across the UK, Bulgaria, India, Serbia, Romania, Ukraine and Germany. 

Tide is rapidly growing, expanding into new markets and always looking for passionate and driven people. Join us in our mission to empower small businesses and help them save time and money.

About the team:

The Global Credit & Financial Risk team plays a critical role in the 2LoD by overseeing the Financial risks inherent in the Finance and Treasury activities and financial products, monitoring the compliance with the Financial Risk Appetite and advising the 1LoD partners to properly manage Financial risk. The Financial Risk team plays an important role at Tide, and you can become a key contributor and shine as a high-profile Subject Matter Expert interacting with Executives, Senior Stakeholders and the Board of Directors. Don’t miss the chance to join a high-performing team!

About the role:

Design/implement: 

Assess of New Products Risks  Monitor Horizon Scanning, compliance with relevant regulation by country and the financial stress tests/ Capital Requirements and communicate key risks/mitigants to Senior Management.

What we are looking for:

Tide is seeking a A high performing professional who can work independently and lead teams to keep our organisation safe. This is a technical Financial Risk Specialist with expertise in managing Financial Risk for financial products in a Global Fintech or bank. 

What you’ll get in return: 

Competitive salary

Tide is a place for everyone

At Tide, we believe that we can only succeed if we let our differences enrich our culture. Our Tideans come from a variety of backgrounds and experience levels. We consider everyone irrespective of their ethnicity, religion, sexual orientation, gender identity, family or parental status, national origin, veteran, neurodiversity or differently-abled status. We celebrate diversity in our workforce as a cornerstone of our success. Our commitment to a broad spectrum of ideas and backgrounds is what enables us to build products that resonate with our members’ diverse needs and lives. 

We are One Team and foster a transparent and inclusive environment, where everyone’s voice is heard.