Senior Operational Risk Analyst

Job Requirements

Position: Senior Operational Risk Analyst

Location - BKC

About The Role

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 defined procedures and quality standards.
• Conducting RCSA for various units of wholesale banking operations and risk function
• Proactive involvement in various projects, thematic reviews and assist in preparation of deck with respect to OMRC/other reporting to senior management.
• Keep abreast of the latest operational risk management techniques and industry best practices.
  
  

• Graduation: Graduate in any discipline from a recognized institution.
• Post-graduation: Postgraduate in any discipline from a recognized institution.
  
  

• Minimum 6 years of relevant experience in Trade finance operations/Trade finance Audit / Trade finance operational Risk/FEMA Compliance functions
  
  

• General knowledge of Wholesale Banking Trade finance products, wholesale banking operations and processes. Knowledge of Credit and fx related products will be an added advantage.
• Analytical ability to identify potential operational risk exposures in business activities and assess the appropriateness and adequacy of mitigating controls.
• Stakeholder management skills.
• Strong and effective communication skills
• Strategic thinking with a focus on continuous improvement and innovation.