Job Details
Senior operational Risk Analyst
KOLKATA HO
JOB DESCRIPTION
Name of the Department Risk Management
Role Senior Operational Risk Analyst
Designation Senior Manager/AVP
Location HO, Kolkata
Reporting To Head-Operational Risk (Non-IT)
Job Purpose / Summary:
As a member of the Operational Risk team, you will be responsible for managing and accessing
risks across multiple domains, including outsourcing, people risk, operational risk for various
business portfolios, and compliance in commercial banking and treasury operations. You will
collaborate with various departments to identify, mitigate, and report on risks, ensuring
alignment with regulatory guidelines and internal risk management frameworks.
Duties and Responsibilities:
Guidelines and internal risk management frameworks. Key responsibilities include:
Outsourcing Risk Management:
o Conduct risk assessments of processes and procedures in line with
outsourcing guidelines and regulatory requirements.
o Evaluate and perform due diligence for prospective service providers prior to
engagement.
o Review outsourcing and vendor agreements across all bank functions,
ensuring business continuity and operational effectiveness.
o Conduct onsite and offsite vendor risk reviews, preparing regular reports on
the status of outsourcing management and vendor risk.
People Risk Management:
o Assist in creating and implementing a comprehensive people risk framework
covering the entire employee lifecycle (onboarding to exit).
o Track and analyze risk metrics related to people management and monitor
risks within business verticals.
o Prepare risk insights and reports to assist senior management in managing
people-related risks effectively.
Operational Risk (EEB Portfolio):
o Identify operational risks within various portfolios (MMG, BBG, FIG, Treasury,
AML, etc.) through process reviews and walkthroughs.
o Recommend controls for risk mitigation and track incidents related to
operational risk.
2
o Conduct Root Cause Analysis (RCA) for incidents, develop key risk indicators,
and report on emerging risk trends.
o Monitor risk indicators as per the bank's Risk Appetite Framework (RAF) and
provide regular reports to the team leader.
Treasury, MMG, BBG, FIG & AML Compliance Risk:
o Measure and analyze operational risk parameters for commercial banking
portfolios, including MMG, BBG, FIG, Treasury, and AML compliance.
o Collate operational risk loss data under regulatory frameworks such as RBS
Tranche I, stress testing, and VaR.
o Perform quantitative analysis of historical operational risk loss data and
identify emerging trends.
o Review process notes, conduct control assessments, and provide insights into
risk mitigation strategies.
Experience / Skillset / Certifications Required:
Educational Qualification- Post Graduation/CA/CFA & Risk certification preferred.
Relevant Job Experience- Relevant Experience of 5-10 years under Risk Management
preferred.
Skills and Competencies- Risk Assessment & Analysis, Process Mapping & Control
Design, Data Analysis & Reporting.
Recommended By:
Approved By