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Posted on : 2022-05-19 VP (Sr Level) - Operational Risk For A MNC Banks Captive Unit. Loc: BLR/HYD/CHN Location : Bengaluru/Hyderabad/Chennai
Last Date to Apply 2022-05-31
Job Description

Responsibilities: 

 

  • Manage and develop an Operational Risk team of individual contributors and managers in roles with moderate complexity and risk. Lead team to achieve objectives
  • Manage the development, implementation, and monitoring of a risk-based program for a business or large functional area with moderate to high risk to identify, assess, and mitigate operational risk that arises from inadequate or failed internal processes, people, systems, or external events
  • Maintain a balance between risk mitigation and operational efficiency
  • Establish and assure execution of operational risk programs companywide with considerable risk and multiple regulatory environments
  • Provide operational risk expertise and consulting to complex business units for initiatives with high risk, generally spanning multiple business lines
  • Consult with and influence executive leadership, operational risk, and business management to identify, formulate, and implement operational risk policies, procedures and controls
  • Ensure reporting, escalation, and remediation of issues, deficiencies, or regulatory matters regarding operational risk to leaders, committees, and appropriate business management
  • Lead initiatives that cross multiple lines of business in scope with significant impact and risk
  • Manage communication and collaboration with business heads, Legal, Audit, and regulators on risk related topics
  • Manage allocation of people and financial resources for Operational Risk
  • Develop and guide a culture of talent development to meet business objectives and strategy
  • Use subject matter expertise and industry knowledge to provide independent oversight and credible challenge to Enterprise Functions operational risk management activities
  • Direct engagement with the Control Management teams Functional/Business Heads and Independent Risk leaders to promote a strong operational risk culture
  • Active engagement in key front line governance routines inclusive of strategic planning sessions, governance committees and business reviews
  • Oversee and challenge the front line across all operational risk routines including – plan, identify and assess, control and mitigate, test and validate, monitor and report
  • Perform independent risk assessment of the front line, inclusive of emerging risks
  • Review and challenge of front-line risk acceptances and new business initiatives
  • Identify and escalate to senior leadership conflicts with risk management results and expected business outcomes
  • Influence appropriate risk management prioritization by the front line to enable the business to meet strategic objectives, while meeting operational risk program expectations
  • Evaluate cross-program and cross-group analytics to identify opportunities and best practices to influence stronger risk management practices by the business
  • Active, routine engagement with senior Independent Risk Management leaders to ensure information sharing across Risk Types
  • Develop and deliver content to senior business, Independent Risk, WFAS and regulatory leaders summarizing the results of the independent risk assessment activities
  • Collaborate and influence all levels of professionals including more experienced leaders
  • Manage relationships with Business Head, Independent Risk Management, Group Control Executives, Legal, Audit and multiple Regulators
  • Direct IRM-sourced issues to the Front Line as needed
  • Provide a business-centric view to IRM Risk Programs as needed
  • Guide Operational Risk Managers and/or Senior Lead Officers in overseeing the business groups and enterprise functions
  • Engage with other region and US-based Operational Risk Business Oversight leaders to ensure holistic oversight of the end-to-end business is achieved. 
  • This position requires business engagement to drive and effect change.  This position will partner with both internal and external stakeholders, including senior management from all three lines of defense, as well as relevant regulatory agencies

A successful candidate will have the experience and ability to:

  • Successfully review and challenge business operational risk management practices and outcomes.
  • Build and sustain a strong risk culture including a balanced approach through working in cooperation and consultation with all lines of defense across the enterprise.
  • Leverage their experience to bring industry leading standards, practices and tools to the organization.

  • Essential Qualifications  
  • University degree in Business or related discipline.
  • 18+ years of overall experience; 8+ years of experience in risk management (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security)
  • 7+ years of management experience
  •  
    Desired Qualifications
  • Experience in leading risk management activities either as an IRM or as a control for any of the Enterprise Functions
  • Advanced Microsoft Office skills
  • Excellent verbal, written, and interpersonal communication skills
  • Strong analytical skills with high attention to detail and accuracy 
  • Ability to articulate complex concepts in a clear manner


Other Desired Qualifications 

  • Meaningful knowledge across enterprise risk management framework, including risk identification, risk appetite and strategy, risk-related decisions, processes and controls, risk analytics and governance
  • Deep technical understanding of specific business operations, processes, products and customer interactions and where they manifest risk
  • Strong interpersonal, influencing, and communications skills with an ability to interact effectively with stakeholders at all levels, and regulators, to include virtual, matrixed leadership experience and the ability to effectively manage and build relationships within the business and enterprise Risk function
  • Proven leadership skills to drive alignment across stakeholder groups to develop and deliver repeatable end to end risk management solutions
  • Deep understanding of corporate/business policies, and programs
  • Demonstrated leadership ability that embodies the Organisations Vision and Values and leadership competencies
  • Proven ability to build, develop and lead a team of risk professionals in a high performing risk management organization 

Salary 70-90L Fixed + Variables
Industries Type Banking
Employement Type Full Time
Experience 20
Education University degree in Business or related discipline.

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