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Posted on : 2022-07-07 AVP - Operational Risk & Data Governance For An MNC Banks Captive Unit. Loc: BLR/HYD Location : Bengaluru/Hyderabad
Last Date to Apply 2022-08-07
Job Description

In this role, you will:


  • Develop, implement, and monitor risk-based programs to identify, assess, and mitigate any operational risk that arises from inadequate or failed internal processes, people, systems, or external events

  • Maintain a balance between risk mitigation and operational efficiency

  • Evaluate the adequacy and effectiveness of policies, procedures, processes, systems, and internal controls

  • Analyze extremely complex business and system changes to determine impact, identify operational risk issues and participate in the development of risk ratings

  • Provide operational risk expertise and consulting to complex business units for initiatives with high risk, generally spanning multiple business lines

  • Design and develop the most complex testing strategies, methodologies and analyses

  • Consult with the business to develop corrective action plans and effectively manage change

  • Identify training opportunities

  • Design and coordinate the development of training materials and coordinate or deliver training

  • Report findings and develop business cases to influence executive management, management committee member or head of business on the need for controls to mitigate risk

  • Collaborate and consult with peers, colleagues, and managers to resolve issues and achieve goals

  • Lead project or virtual teams and mentor less experienced staff


IRM Risk Oversight Officer is an Individual Contributor role responsible for providing support to enterprise-wide oversight and governance of complex business group risk program(s) / initiative(s). Proactively identifies potential business risks. Develops and drives innovative risk approaches and solutions across the enterprise through an influence model.


Key Responsibilities:


  • Use subject matter expertise and business domain knowledge to provide oversight and credible challenge to front line risk management activities

  • Support routine engagement requirements for/with the Control business teams, enterprise functions and Independent Risk leaders to promote a strong risk culture

  • Support key front line governance routines inclusive of Risk & Control committees and business reviews

  • Provide support to risk leads across risk routines including – plan, identify and assess, control and mitigate, test and validate, monitor and report

  • Identify and escalate to senior leadership conflicts with risk management results and expected business outcomes

  • Evaluate cross-program and cross-group analytics to identify opportunities and best practices to influence stronger risk management practices by the business

  • Provide consulting to business on corrective action plans and effectively managing change

  • Develop and deliver content to senior business, Independent Risk, Audit and Control leaders summarizing the results of the independent risk assessment activities

  • Engage with other region and US-based Risk Oversight teams to ensure holistic oversight of the end-to-end business is achieved.


This role requires business engagement to drive and effect change.  The candidate should have specific business domain exposure and experience in risk management activities either as an Independent Risk Management or Front Line Controls.

 A successful candidate will have the experience and ability to:

  • Successfully review and challenge business 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.

  • 12+ years of overall experience; 5+ years of experience in risk management or front line controls function

  • Experience in and/or demonstrated ability to understand, differentiate, interconnect and aggregate various non-financial risk types

  • 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 (e.g. Corporate & Investment Banking/ Commercial Banking/ Consumer Lending/ Consumer & Small Business Banking/ Wealth & Investment Management/Enterprise Functions)

  • Strong interpersonal, influencing, and communications skills with an ability to interact effectively with stakeholders at all levels, experience and the ability to effectively manage and build relationships

  • Proven skills to drive alignment across stakeholder groups to develop and deliver repeatable end to end risk management solutions


Salary Up to 40L Fixed + Bonus
Industries Type Banking
Employement Type Full Time
Experience 12
Education University degree in Business or related discipline

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