The Senior Operational Risk Analyst – Wholesale will lead operational risk management activities at the enterprise level, ensuring that the bank’s asset portfolio aligns with its desired risk appetite. This role involves designing and refining strategies, systems, and processes to build a scalable and consistent risk management framework. The incumbent will collaborate closely with Business/Product Heads and leaders across Wholesale Trade Finance, Risk and Operations to drive efficiency and compliance. Additionally, the role is responsible for all regulatory reporting and compliance related to operational risk.
Key Responsibilities
Primary Responsibilities
Collaborate with Wholesale Banking Operations & Risk Function to implement bank's Operational Risk Management Framework for proactive identification and management of operational risks in a consistent manner.
Driving the implementation of all components of the Operational Risk Management Framework (KRI’s, RCSA’s,
Op Risk Event Mgmt., issues, Reporting to Senior Management) and embedding risk culture across the organization
Review of Product and Process notes from operational risks perspective.
Assist in development of key risk and control indicators, subsequent monitoring of the indicator’s basis frequency.
Track and monitor operational risk issues for business units, reporting issues to management on a periodical basis.
Recording and analyzing of Operational Risk Events and suggesting / monitoring remediation actions to ensure appropriate actions are taken to mitigate control weaknesses.
Acting as an independent challenge function to the business by providing independent feedback and escalation during SOP reviews.
Conducting deep-dives and Targeted Risk Assessments of areas of processes of concern
Ensure that portfolio risk reports and dashboards are generated, disseminated and followed-up appropriately in adherence to
📌 Senior Operational Risk Analyst (Mumbai)
🏢 IDFC FIRST Bank
📍 Mumbai
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