Website Huntsmen & Barons
Key Responsibilities:
1. Risk Framework & Governance:
– Develop and enhance the Operational Risk Management (ORM) framework, policies, and procedures.
– Ensure alignment with regulatory guidelines (e.g., RBI) and internal risk appetite.
– Support the Head ORM in establishing governance structures, committees and reporting mechanisms.
2. Risk Identification & Assessment:
– Oversee Risk and Control Self-Assessment (RCSA) processes across business units.
– Identify emerging risks, assess their impact and recommend mitigation strategies.
– Ensure comprehensive risk registers are maintained and updated.
3. Incident & Loss Management:
– Establish and manage operational loss data collection and reporting systems.
– Analyze root causes of incidents and recommend corrective actions.
– Track and report key risk indicators (KRIs) and operational risk events.
4. Control & Mitigation:
– Evaluate the effectiveness of internal controls and recommend enhancements.
– Partner with business teams to design and implement risk mitigation plans.
– Monitor control gaps and ensure timely closure.
5. Regulatory Compliance & Reporting:
– Ensure compliance with RBI and other regulatory requirements related to operational risk.
– Prepare and present ORM reports to senior management and Board Risk Committee.
– Support internal and external audits, regulatory inspections and reviews.
6. Technology & Risk Analytics:
– Drive automation and digitization of ORM processes and tools.
– Leverage data analytics for risk insights, trend analysis and predictive risk management.
7. Stakeholder Management:
– Collaborate with business heads, compliance, internal audit and IT teams.
– Act as a key advisor to senior leadership on operational risk matters.
– Facilitate risk awareness and training programs across the organization.
8. Team Leadership:
– Lead and mentor a team of ORM professionals.
– Build a high-performance culture focused on risk awareness and accountability.
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