ROLE PURPOSE & OBJECTIVE:
- This role provides critical inputs on all new products/processes and any amendments to products/processes to highlight Operational Risks.
- This role documents and tracks Operational risks arising from other bank activates such as material outsourcing, Training content review etc.
- The incumbent participates in development and deployment of various risk related activates such as RCM enhancements, IFC testing, Risk & control self-assessment, RBI tranche data control template, etc.
- The incumbent also monitors and gathers inputs from key functions of the bank on KRIs.
KEY DUTIES & RESPONSIBILITIES OF THE ROLE:
- Facilitate enhancement of RCM's and liase with regional Ops Risk team across branches and regions to carry out IFC testing, maintain tracker for the same.
- Participates in product and process review for availability of controls and also in reviews related to Business Requirements Document (BRD), Functional Specific Development (FSD) and perform User Acceptance Testing (UAT) to ensure effectiveness of controls before move to Production.
- Facilitate regional Ops Risk team across branches and regions to carry out BCP simulation as per approved schedule.
- Collect loss data and KRI data for regional ORM team and consolidate it for reporting to the corporate ORM function.
- Maintain a database of branch wise deviations in terms of non-adherence to standard processes, perform root cause analysis of major deviations from and recommend changes in process design to address the same.
- Escalate to Managers on the level of operational compliance and failures, if any, so that prompt/corrective action is taken
Education Qualifications: MBA or Graduate
Experience:
At least 2-4 years of experience in Retail Banking, should have experience in both Assets and Liabilities business with at least 1+ years of hands-on experience in any of the vertical viz., Risk, Audit, Compliance or Operations
