Role Purpose: To support in the development of risk assessment programs, review sampling methodologies to recommend necessary changes and assist in development of Operational Risk Management policies and processes for the organization.

Role Accountability

1. Provide support in implementation and execution of the Risk and Control Self-Assessment (RCSA) program to support achievement of 2nd Line of Defense responsibilities under the Operational Risk Management Framework which will include testing the design and operating effectiveness of controls
2. Assist in identification of process level risk & controls and assess inherent and residual risk profile to create a comprehensive risk register for the organization
3. Manage risk library for multiple functions including risks
4. Provide support in creation and testing of the agreed control approach
5. Participate and conduct workshops for RCSA implementation with respective functions
6. Assist in validation of control testing and collation of evidences considered for testing
7. Support in testing of design and operating effectiveness of controls for RCSA and assist in closure of gaps identified
8. Assist in standardized documentation for RCSA test results
9. Support in preparing operational risk & control reports & MIS for executives, senior management, key stakeholders, and risk committees on a timely basis
10. Perform ad-hoc projects for ERM lead as required, to support ERM function
11. Provide support to implement regulatory and best business practices for effectiveness of ERM function
12. Ensure adherence to regular process documentation practices in compliance with the process guidelines

Measures of Success

1. Ensure risk library is updated at an organizational level after reviewing policies and procedures
2. Validate control test results and review test scripts for accuracy and completeness within agreed timelines
3. Conduct Independent control testing with agreed timelines
4. Identify process level KRIs
5. Support in capturing risks in critical process and then in RCSA within timeframe
6. Timely and accurate updation of process documentation
7. Process Adherence as per MOU

Technical Skills / Experience / Certifications

1. Understanding of Risk Management framework principles, techniques of risk identification, assessment, measurement, and the monitoring
2. Ability to understand regulatory circular and requirements to manage compliances, if required, under Enterprise Risk

Competencies critical to the role

1. Team Player and ability to operate with tight deadlines
2. Strong Communication & Interpersonal Skills with ability to effectively communicate across all levels of an organization and outside company boundaries

Qualification

Graduation / MBA (Finance) /CA/CFA/CPA/CIA