1,251 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?

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.

Job description

About The Team

• The Risk & Compliance team is our second line of defence (2LOD) at Tide, overseeing risk and compliance across all our global markets. The team covers all risk classes, including information security risk, financial crime risk, conduct risk, and operational risk. It is highly collaborative, focused on fostering a strong culture of compliance, acting as business partners to our first line of defence (1LOD) colleagues, and providing expert and independent oversight.
• The Operational Risk area within Risk & Compliance unites and gives direction to Operational Risk management in Tide. The timing of this role presents a significant opportunity to help shape how we manage Operational Risk at Tide, leveraging your experience and knowledge of industry best practices. The Operational Risk Manager reports to the Head of Operational Risk.

About The Role

• As the Operational Risk Manager, you will play a global second line of defence (2LOD) role in this risk class. You'll offer subject matter expertise, advice, and guidance to the business while overseeing first line of defence (1LOD) activities related to operational risk. This role is highly collaborative, involving close work with various 1LOD areas across the business, including engineering, operations, and the people team. You'll also work with 2LOD risk class leads, quality assurance, enterprise risk management, regional heads of risk and compliance, 3LOD audit, and external stakeholders like our banking partners.

As Operational Risk Manager You'll

• Work with the Head of Operational Risk in the implementation and ongoing refinement of the operational risk management framework, ensuring alignment with industry best practices and regulatory requirements
• Drive efforts to embed operational resilience across the organisation, ensuring critical business services can withstand and recover from disruptions, with a focus on regulatory compliance and industry standards
• Lead third party risk assessment within the evaluation and monitoring of third-party providers (vendors), as well as supporting efforts to understand our supply chain and intragroup dependencies
• Collaborate closely with engineering, Corporate IT and Information Security teams to manage risks associated with IT infrastructure, software development, and third-party technology providers
• Conduct comprehensive risk assessments, including product risk assessments, focusing on aspects such as technology, third-party dependencies, and development of actionable mitigation strategies
• Oversee incident response protocols, ensuring timely resolution, root cause analysis, and the implementation of preventive measures to enhance operational resilience
• Ensure operational risk practices meet regulatory expectations and prepare detailed reports and presentations for regulatory bodies and senior management
• Enhance and regularly test business continuity and disaster recovery plans to minimise the impact of operational disruptions on critical business functions
• Collaborate with product, engineering, and compliance teams to integrate risk management practices into the product development lifecycle, ensuring proactive risk identification and mitigation
• Develop and deliver operational risk and resilience training programmes to employees, fostering a culture of risk awareness and proactive management
• Drive continuous improvement initiatives within the operational risk function by leveraging emerging technologies and methodologies (e.g., AI, machine learning) to enhance risk identification, assessment, and mitigation processes
• Support the running of the Operational Risk Working Group, reporting to the Risk & Compliance Committee, and preparing reports for the board
• Establish, expand, and monitor Key Risk Indicators (KRIs) and risk appetite for key operational risk sub-types
• Manage our wind-down and exit plans with key product partners

What We Are Looking For

• We are seeking an experienced Operational Risk Manager who has a strong background in a global technology company. The ideal candidate will have:
• At least 7 years of experience in Operational Risk Management
• An understanding of regulatory expectations for operational risk management in the markets where we operate. In particular, experience on working with the Reserve Bank of India (RBI) and European regulators in matters relating to Operational Risk, as well as awareness of the UK regulatory landscape.
• Track record of execution and ability to evidence a 'hands-on' approach to risk management
• Experience in a technology or payments company, operating within a regulated financial services context
• Experience and expertise in either Operational Resilience or Third Party Risk Management (or both), with knowledge of both regulatory requirements and best practice in frameworks and oversight
• A strong understanding of operational risks in a fast-growing, global technology company
• Understanding of good practice in setting risk appetite, policies, risk monitoring and conducting oversight

What You'll Get In Return

• Our location-specific employee benefits are designed to cater to the unique needs of Tideans:
• Self & Family Health Insurance
• Term & Life Insurance
• OPD Benefits
• Mental wellbeing through Plumm
• Learning & Development Budget
• WFH Setup allowance
• 15 days of Privilege leaves
• 12 days of Casual leaves
• 12 days of Sick leaves
• 3 paid days off for volunteering or L&D activities
• Stock Options

TIDEAN WAYS OF WORKING

• At Tide, we champion a flexible workplace model that supports both in-person and remote work to cater to the specific needs of our different teams.
• While remote work is supported, we believe in the power of face-to-face interactions to foster team spirit and collaboration. Our offices are designed as hubs for innovation and team-building, where we encourage regular in-person gatherings to foster a strong sense of community.

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. 

“It begins at Bendigo Bank”

We’ve never been ‘just a bank’. Just like you should never be ‘just an employee’. We’re united in our belief that in banking, better can be bigger, and together we’re making it happen.

It starts here. With Bendigo Bank… and you.

About the opportunity

The Risk and Compliance (R&C) function has responsibility for the enabling the Group to manage the risks associated with their respective area of focus in line with the Group’s risk appetite. In that support, the R&C function will enable the success of the business by instilling a culture of risk management as a core part of how we support our customers and ensure that we have the appropriate processes and practices to meet our compliance obligations.

As Operational Risk Manager and reporting to the Senior Manager Risk & Compliance you are key member of a 1LOD R&C team responsible for key activities in relation to the implementation and management of the risk and compliance framework within Finance by ensuring all risk activities are undertaken in a timely and accurate manner.

 In this role you’ll get to…

• Perform all activities required for embedding and uplifting the management of the Operational Risk Framework inside Group Finance.
• Report and escalate any breaches of risk and recommend areas for improvement.
• Ensure department risk registers are current in relation to findings and treatment plans.
• Produce papers for and provide input into the Divisional Operational Risk Committee Meeting.
• Facilitate and/or participate in the review of events, scenario analysis, root cause analysis and control validations.
• Proactively promote a strong risk culture (through advice, support and awareness on risk matters).

What you’ll bring to the role

To be successful in the role you will have:

• Tertiary qualifications in Accounting, Finance, Business or related discipline with CA/CPA qualified nice to have but not imperative
• Operational Risk experience in Banking and Financial Services Industry (Line 1 or 2 risk roles).
• Demonstrated experience and understanding of risk associated with a Finance function, including some knowledge of Treasury, Market & Liquidity obligations.
• Passion - harder to define, but we’re looking for people who have a desire to push the limits, challenge the status quo, and be at the forefront of where risk can enable the business. An eagerness to learn, expand your skills, and do the best work possible.
• Excellent communication skills both verbal and written with highly developed influencing and collaboration skills to deliver on organisational outcomes.
• Proven ability to manage multiple and complex tasks and meet deadlines.
• Risk lens - Being able to understand customer and business needs and know when to focus on the big picture vs zoom into the details.

 So, why work with us?

• Want big impact that matters? Here, you’ll know your work directly benefits the customers and communities we all serve.
• Want to be more than just a number? Join a team that truly values you – and that gets more and more diverse every day.
• Want career opportunity AND flexibility? Achieve both here, where we know that balance and progression go hand in hand.

You’ll also get access to a great range of benefits, including:

• Looking for hybrid work, flexible hours, or a compressed week? Our flexible work options are designed to fit your lifestyle. This role can be based in any of our head offices in Melbourne, Bendigo, Sydney, Brisbane, or Adelaide. We prioritise our people with a hybrid model that includes a minimum of two days per week in the office.
• Health and well-being support, including discounted gym memberships, private health insurance options, and our Employee Assistance Program (EAP) for you and your immediate family members.
• Take your learning to the next level through opportunities like our corporate university ‘BEN U’ or at an external provider of your choice.

We believe a diverse workforce supported by an inclusive culture is central to our success and we actively encourage applications from those who bring diversity of thought to our business. We support candidate requests for adjustment to accommodate an illness, injury, or disability to equitably participate in the selection process.

To Apply: 

Please submit your application online including your CV and optional cover letter. 

Enclosed is a Position Description for this role:  Operational Risk Manager June 2025.docx

Applications close: COB Tuesday 26th August 2025

Role & responsibilities

Treasury, FM (Financial Market), FMO, FMMO (FM Middle Office)

RCSA / Thematic:

• Conceptualize, plan and ensure comprehensiveness coverage of RCSA/ thematic reviews to identify material risks/gaps. Ensure updation of risk library & timely execution of reviews
• Review findings and discuss with business articulating the issues identified/risk mitigation action plans

KRI

• Identify new/critical risk indicators; review & modify existing indicators for effectiveness
• Monitor breaches and discuss with business for suitable action plans for reducing breaches

OR Events

• Ensure appropriate review /analysis of root cause and mitigation/actioning of operational risk events. Ensure timely completion/release of analysis

BCP/ Vendor Risk Reviews/ ITAC

• Review BCP and Business Impact Analysis of units to understand/identify critical activities and work-around plan incase of contingencies
• Plan Vendor risk review to ensure comprehensiveness / timely completion and review/ discuss observations with business articulating the issues identified/risk mitigation action plans
• Plan/review Information Technology Access Control (ITAC) risks and testing as per plan

PPACs/SOPs

• Timely & comprehensive review of new product or processes / existing SOPs from operational risk perspective and highlight material risks & ensure necessary controls have been put in place by the Proposing Unit

Open Issues

• Monitor status of open issues across - RCSA, Events, ORMC, VRR, PPACs
• Ensure continuous follow-up / discussion with business on the timely updation and closure of pending open issues

Review MIS/reports/submissions to ORMC, RMC, stakeholders. Timely closure action items from ORMC, IAD, RAR, Regulatory Circulars etc

Risk and Internal Control Responsibilities

• Monitor, review, and communicate the impact of risks to businesses
• Work together with other organizational line of defense (i.e. Compliance, Internal Audit, etc.).

'1. Responsible for Financial Risk related Reporting to Region/Group

2. Adoption and Implementation of Generali Group Policies and Guidelines

3. Monitoring and Control of Regulatory/Group/Risk Appetite Framework (RAF) Limits

4. Prepare Risk Opinion on Business case on investment instruments/limits, Capital infusion plan/proposals and Intra group transactions

5. Calculation and review of liquidity ratios on periodic basis

6. Analysis of changes in Solvency Ratio based on input from Finance and Actuary teams to ensure adherence to regulatory limits/RAF

7. ALM monitoring & SAA analysis and review

8. Capital Infusion – Analysis of capital requirements to remain within RAF limits

9. Credit and Counterparty Risk Assessment

10. Calculation of risk margin for Solvency II reporting

Project Related Skills -

Co-ordinating with auditors during audits & limited reviews.

Ability to prepare reports/presentations for facilitating discussions at various levels vizzz. Leadership Team, Management Steering Committees, Board committees, Regulatory Requirements etc.

Skills

Business Acumen - Understanding of Insurance Industry/Risk

Excel and Data Analysis, Modeling Skills

Logical Thinking and Reasoning Skills

Communication Skills - Written and Verbal

Education and Experience

Preferably MBA and/or Certifictions (CFA/FRM, Risk)

3-7 Years Experience in Insurance/Financial Services/Actuarial/Risk

'1. Responsible for Financial Risk related Reporting to Region/Group

2. Adoption and Implementation of Generali Group Policies and Guidelines

3. Monitoring and Control of Regulatory/Group/Risk Appetite Framework (RAF) Limits

4. Prepare Risk Opinion on Business case on investment instruments/limits, Capital infusion plan/proposals and Intra group transactions

5. Calculation and review of liquidity ratios on periodic basis

6. Analysis of changes in Solvency Ratio based on input from Finance and Actuary teams to ensure adherence to regulatory limits/RAF

7. ALM monitoring & SAA analysis and review

8. Capital Infusion – Analysis of capital requirements to remain within RAF limits

9. Credit and Counterparty Risk Assessment

10. Calculation of risk margin for Solvency II reporting

Project Related Skills -

Co-ordinating with auditors during audits & limited reviews.

Ability to prepare reports/presentations for facilitating discussions at various levels vizzz. Leadership Team, Management Steering Committees, Board committees, Regulatory Requirements etc.

Skills

Business Acumen - Understanding of Insurance Industry/Risk

Excel and Data Analysis, Modeling Skills

Logical Thinking and Reasoning Skills

Communication Skills - Written and Verbal

Education and Experience

Preferably MBA and/or Certifictions (CFA/FRM, Risk)

3-7 Years Experience in Insurance/Financial Services/Actuarial/Risk