Senior Manager-Business Operational Risk & Compliance
- Idfc First Bank
- 7 - 12 years
- Mumbai
- 8 days ago
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Job Description
Job Requirements
Role/ Job Title: Senior Manager-Business Operational Risk
Function/ Department: Business Operational Risk
Job Purpose:
The role entails managing operational risk, regulatory reporting, and compliance for retail assets (Mortgages, Vehicles, Personal Loan, Gold loan, JLG, insurance etc). The role will closely collaborate with the product, business, Credit, Collections, Policy and operations teams to drive effective implementation of Operational risk framework and adherence to regulatory requirements. It includes process design, enhancement and framing of SOPs.
Roles & Responsibilities:
- Assist all stakeholders in understanding RBI indents/ requirements.
- Understanding RBI/ IRDA guidelines and ascertaining applicability for lending and insurance business and implementation thereof.
- Liaising with stakeholders for data extraction and validation for the purpose of submission to RBI
- Assist all stakeholders in quarterly performance of Risk control self-assessment, data submission for KRI (Key Risk indicators).
- Enhance understanding of operational risk and compliance.
- Manage operational risk events, ensuring timely completion of preventive and corrective action.
- Review of SOPs/ Policies from Operational risk and compliance perspective.
- Preparation of Business Operational risk decks.
- Tracking and closure of operational risk issues and events.
- Liaison/ Collaborate with stakeholders for closure of RBI requirements and regulatory compliances.
- Recommend process changes to mitigate operational risk.
- Managing RBI onsite and offsite inspection and requirements
- Ensure completion of remediation plans to address RBI observations
- Work on ad hoc regulatory projects and deliverables
Education Qualification:
Graduation: Bachelor of Commerce(B.Com)
Post-graduation: CA, MBA/PGDM from a tiered campus
Experience: Minimum 7 years of relevant experience
Job Classification
Industry: Financial ServicesFunctional Area / Department: Risk Management & ComplianceRole Category: Risk Management & Compliance - OtherRole: Risk Management & Compliance - OtherEmployement Type: Full timeContact Details:
Company: Idfc First BankLocation(s): Mumbai
Keyskills: Regulatory Reporting Rbi Reporting Rbi Guidelines Regulatory Risk Regulatory Compliance
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Idfc First Bank
About Capital First Limited: CFL is listed on BSE and NSE (Stock Code: CFL). The company provides Mortgage loans to SMEs against pledge of property, Gold Loans to retail customers, Consumer Durable Loans, Two wheeler loans, and senior secured Wholesale loans. During the last year the company expande...
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