- Identify and evaluate risks across various departments.
- Develop risk assessment frameworks and methodologies.
- Conduct regular risk assessments and reviews to identify potential risks.
- Risk Mitigation:
- Develop and implement risk mitigation strategies and action plans.
- Ensure the implementation of risk controls and compliance with regulatory requirements.
- Coordinate with different teams to address risk issues and implement corrective measures.
- Monitoring and Reporting:
- Monitor operational risk indicators and metrics.
- Prepare and present risk reports to senior management.
- Manage regular Risk meetings with senior Stakeholders and review RCSAs and KRIs.
- Third Party Risk Management:
- Manage third parties, third-party contacts, external risk assessments and issues.
- Identify potential risks associated with third-party interactions, such as cybersecurity vulnerabilities, non-compliance with regulations, operational inefficiencies, or financial instability.
- Gather information security controls evidence from third parties.
- Policy Development:
- Assist in the development and updating of risk policies and procedures.
- Ensure policies are aligned with regulatory standards and industry best practices.
- Early Warning System:
- Track EWS and present to the management.
- Analyze signals for probable default on the platform.
- Analyse credit ability of the corporates basis financials and market news.
- System Testing:
- Conduct UAT for ORM development and implementation.
- Maintain and oversee business continuity management program including appropriate testing.
- BRD review and approval for change in processes or product.
- Regulatory Compliance:
- Ensure compliance with local and international regulatory requirements.
- Liaise with regulatory bodies and ensure timely submission of required reports.