We are currently hiring in our Risk team @ Mumbai Location
Please find below JD for your ready reference
Operational & Outsourcing Risk Manager
Experience: 78 years
Role Summary
Strengthen the Operational Risk and Outsourcing Risk Management framework, ensuring compliance with RBI regulations and enhancing enterprise-wide risk governance.
Key Responsibilities
Operational Risk Management
Implement Operational Risk framework aligned with RBI guidelines
Drive RCSA across business units
Monitor operational risks and control gaps
Track audit and RBI findings
Develop and monitor KRIs
Support incident / loss data management and root cause analysis
Outsourcing Risk Management
Ensure compliance with RBI outsourcing guidelines
Conduct vendor due diligence
Classify outsourcing arrangements (Financial / IT / Non-financial / Material outsourcing)
Review vendor agreements and SLAs
Monitor critical / material vendors through performance reviews, risk assessments, and site visits
Manage outsourcing register and regulatory reporting requirements
Governance & Reporting
Prepare risk reports for management and board
Support regulatory audits and inspections
Update policies and frameworks
Process & Change Risk
Assess current products/process changes
Ensure risk controls in project implementation
Monitoring & Assurance
Conduct thematic reviews and control testing
Perform adverse media monitoring for vendors / third-party agents
Ensure ongoing compliance with internal policies and regulatory expectations