About the Role An Operational Risk qualified is responsible for identifying, assessing, monitoring, and mitigating risks arising from people, processes, systems, and external events to ensure smooth business operations and regulatory compliance.

Location: Mumbai

Qualifications & Experience

Experience: 5–7 years

Key Responsibilities

- Risk Identification
- Identify operational risks across business functions , Conduct Risk and Control Self-Assessments (RCSA), Maintain and Amend Operational Risk Register
- Designing and reviewing of internal control for minimizing operational risks.
- Continuous monitoring of preventive and detective controls.
- Recommend control improvements.
- Record and analyse operational loss events and conduct root cause analysis
- Develop and monitor KRIs and amend KRI’s with consultation of Business Units. Escalate breaches of risk appetite thresholds.
- Provide early warning signals to management.
- Business Continuity & Resilience
- Oversee Business Continuity Planning (BCP) for Business Units and Material Outsourced Vendors
- Technology & Cyber Risk Oversight




- Work closely with Technology Team to ensure Operational Risk Events do not occur due to failure of Technology & Digital Processes.
- Monitor third-party and outsourcing risks.
- Regulatory Compliance
- Ensure compliance with regulatory requirements and support regulatory inspections and audits.
- Liquidity Risk / Market Risk
- Exposure & understanding of monitoring Liquidity Risk like liquidity position, funding concentration, LCR, asset liability mismatch, contingency funding plan, stock ratios etc.
- Monitoring market risk on trading book like PV01, 1 day VAR at 95% / 99% confidence level, investment in G-sec and Equity.
- Outsourcing Risk / People / Technology risk
- Understanding the different risk arising in Outsourcing / HR / Technology function and continuous monitoring of the same including cyber risk, technology risk, people risk and developing risk registers for the same.

Key Competencies

· Risk assessment and analysis

· Regulatory and compliance knowledge

· Strong analytical and problem-solving skills

· Data analysis and reporting

📌 Operational Risk Manager (Mumbai)
🏢 ECL FINANCE
📍 Mumbai