Senior Risk Analyst ORMG (Operational Resilience)

Hdfc

8-10 Years

Not Disclosed

Mumbai, India

Posted 3 hours ago
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Job Description

Job Title :(Job Name) – Senior Risk Analyst – ORMG (Operational Resilience)

Business Unit (PA) :ORMG

Team : OR Framework / Risk Mitigation

Reports to (job) : Section/Unit Head – ORMG (Operational Resilience)

Location of role : Mumbai

Job Fn: Risk

Role Type: Individual Contributor

Job Purpose:

Senior Risk Analyst (Operational Resilience) is a part of Operational Risk Management function, which is a second line of defence and an integral part of the overall Risk Management Department in the HDFC Bank.

Senior Risk Analyst shall have banking experience and/or experience in the managing the implementation of frameworks on operational risk/business continuity risk. A reasonable understanding of the Information Technology and Information Security aspects relevant for the banking processes will be useful.

Senior Risk Analyst must understand the Polices and governance applicable for management of Operational Risk and Operational Resilience at the Bank. Senior Risk Analyst will be responsible to analyse the regulatory guidance on operational resilience and compare with the extant policies/framework at the Bank and review the gap analysis for improvements and engage with relevant stakeholders for facilitating the implementation of the areas of improvement.

Senior Risk Analyst shall have the capability to carryout end to end process mapping for the Critical Operations, engage with various stakeholders and finalise the process map, identify process/system improvements through the process mapping exercise, develop scenario library and conduct scenario workshop and agree on mitigation/action plan for the process/system improvements. The analyst shall also proactively monitor the performance of the threshold defined for the Critical Operations.

Senior Risk Analyst will be required to collaborate with various functions within Operational Risk Management (ORM), Non-Financial Risk (NFR) and other functions within the Bank like Operations, Information Technology, Business, etc. to undertake implementation of Framework for Operational Resilience and its ongoing monitoring.

Senior Risk Analyst is required to have good written, oral communications and process mapping skill.

Job Responsibilities (JR)

Actionable

Operational Resilience Framework

To ensure the Framework complies to the RBI's guidance note/circulars on operational resilience.
Alignment of various policies at the Bank to the Framework on Operational Resilience.
Review and align the tools and processes required for operational resilience with the framework.

Operational Resilience Management

Review of the products and services of the Bank from the ambit of operational resilience to identify Critical Operations for Operational Resilience.
Understand the business process and being able to translate them into detailed process map for the identified Critical Operations. Critically review the end-to-end process map for identifying areas of risks and the mitigation required.
The extant Critical Operations identified for Operational Resilience – In-depth review of its E2E process map, tolerance threshold, impact of change management, scenario workshop, stress testing, root cause analysis for material incidents impacting the tolerance threshold, monitor change initiatives for performance improvement of tolerance threshold, etc.
Ability to conceptualize the nature of information which can be used to measure the various elements in the end-to-end process and seek the relevant data sets for developing various parameters for measuring the delivery of the Critical Operations. Further, benchmark with available industry standards, where feasible.
Drafting of reports for submission to Senior Management/Executive Committee/Board or Board Committee.
To engage with Compliance and Internal Audit team as part of their engagement with ORMD.

Operational resilience stress testing

To review the Library of Scenarios for Stress Testing for Critical Operations for its relevance.
Conduct stress testing through Scenario Workshops, document the assessment and its impact on tolerance threshold and develop mitigation plan with the relevant stakeholders.

Operational Resilience Indicators

To proactively monitor the Operational Resilience threshold defined for each of the Critical Operation.
To review the tolerance threshold (statistically determined) on a periodic basis.
To assess the impact on stress testing on tolerance threshold.
Ability to review independently the root cause analysis for events impacting the Critical Operations for its underlying cause and mitigation required.

Operational Resilience – Change management

Assess the impact of change management of processes or systems on the end-to-end process and tolerance threshold for the Critical Operations.

Operational Resilience - Reporting

To ensure the reporting of the various activities as required.
To ensure proper documentation and records for the reports published by the team to internal/external stakeholders.

Educational Qualifications (examples listed below)

Key Skills (examples listed below)

Candidate should be MBA in Finance / Chartered Accountant/ Cost and Management Accountant/ Chartered Financial Analyst/ Master is Finance or Economics/CAIIB.

Banking experience in relevant areas and/or experience in operational risk or business continuity risk.
Experience in management of Frameworks related to Operational Risk and Business Continuity Risk.
Ability to carryout detailed review of processes, prepare network diagrams and data analysis to identify the opportunities for improvements.
Ability to collaborate with multiple stakeholders
Excellent Analytical skills with good understanding of technology.
Ability to deliver as per the plan and timelines
Excellent interpersonal and communicating skills
Ability to keep abreast with the developments in banking, operational risk and operational resilience management.

Experience Required