Senior Vice President - Operational Risk Management - Banking

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.