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IDFC FIRST Bank

Operational Risk Analyst

Early Applicant
  • a month ago
  • Be among the first 50 applicants
Exp: 8-10 Years

Banking/Accounting/Financial Services

(estd)

Job Description

Job Title -Analyst

Business Unit - Risk

Function - Enterprise Risk Management

Job Purpose:

The role entails leading the operational risk management activities at the enterprise level. It will be responsible for designing/redesigning strategies to ensure effective coverage of operational risk and that the asset portfolio is in line with desired risk level. It includes building up teams, systems, process and culture amenable to the scale and consistency of delivery. The role will closely collaborate with the Business/Product Heads and Heads of Credit, Risk, Operations, Legal, and Collections to drive efficiency in enterprise risk management. The roll is responsible for all regulatory reporting and compliances with regards to its function.

Roles and Responsibilities:

  • Support the risk and Operations functions and Branch Banking by assessing the quantum of operational risk, providing a view on the level of exposure relative to risk appetite and advising on risk mitigation.
  • Activities includes but not limited toDefining of Standard Operating Procedures (SOPs), Risk Registers, KRIs and monitoring them.
  • Conducting the annual RCSA, Analysing of Incidents being reported and verifying the Corrective and Preventive actions.
  • Review and approve the Product Notes from the ORMD perspective.
  • Ensure that relevant dashboards are generated, disseminated and followed-up appropriately in adherence to defined procedures and quality standards.
  • Knowledge of Forex, Trade, Gold loan is highly recommended.
  • Role includes travel PAN India for Branch Control Testing.

Educational Qualifications:

Graduate: Bachelor's in commerce / arts / science / biology / business / computers / engineering / management / any others

Post Graduation: Finance / Marketing / Operations /

Professional Qualification: CA / Law / FRM / CS

Experience:

8+ years. Mandatory Branch Banking experience. Retails Liabilities with exposure in Branch Banking Audit. Preferably should have worked in Second line or third line of defense.

Skills Required

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Date Posted: 14/10/2024

Job ID: 96282183

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About Company

IDFC FIRST Bank was formed by the merger of erstwhile IDFC Bank, promoted by renowned infrastructure financing institution IDFC Ltd. and leading technology NBFC, Capital First. IDFC FIRST Bank has provided over 30 million loans in its combined history and serves customers in over 60,000 villages, cities and towns across the length and breadth of the country. The bank believes in making customer-first products, and was the first universal bank to offer monthly interest credit on savings accounts, life time free credit cards with dynamic and low APR rates, and many other such interesting products.

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