National Payments Corporation Of India (NPCI) Jobs

Associate SRM Operations

National Payments Corporation Of India (NPCI)

Associate SRM Operations

Posted 5 Days Ago

Be an Early Applicant

Mumbai, Maharashtra, IND

In-Office

Mid level

Fintech • Payments • Financial Services

The Role

Supports settlement risk management across payment clearing and settlement activities. Responsibilities include monitoring credit, liquidity, operational, concentration, and participant default risks; assessing exposures, limits, collateral, and breaches; developing risk policies, dashboards, reports, and governance materials; supporting stress testing and control assessments; tracking remediation actions; and providing independent oversight and challenge to risk owners. The role also analyzes risk data, supports GRC tool implementation, monitors regulatory developments, and contributes to AI-enabled risk monitoring.

Summary Generated by Built In

Job Description: Settlement Risk Management

Position: Associate level

Number of Positions: 01

Location: Mumbai

Qualification: Graduate or MBA, preferably in Finance, Risk Management, Banking, Economics, or Data Analytics

Experience: 3 to 6 years

Role Summary

The role is responsible for identifying, assessing, monitoring, and mitigating risks associated with payment clearing and settlement activities. The candidate will support settlement risk governance, policy development, risk monitoring, analytics, and implementation of risk-management tools.

Key Responsibilities

• Identify and monitor settlement-related credit, liquidity, operational, concentration, and participant default risks.

• Monitor settlement exposures, risk limits, collateral adequacy, liquidity positions, breaches, and exceptions.

• Develop and maintain settlement risk policies, procedures, risk indicators, dashboards, and management reports.

• Support stress testing, scenario analysis, participant risk assessments, and default-management preparedness.

• Recommend appropriate controls and mitigation measures to reduce settlement risk.

• Provide oversight, review, and challenge to the First Line of Defense.

• Assist risk owners in identifying key risks, control gaps, and corrective action plans.

• Collaborate with internal teams and vendors on the implementation and enhancement of GRC and risk-management tools.

• Analyze risk data to identify trends, anomalies, and emerging risks.

• Perform risk-governance activities and prepare updates for senior management and relevant committees.

Risk Governance and Framework

• Support the enhancement and implementation of the Settlement Risk Management Framework in line with the organization’s Enterprise Risk Management Framework and risk appetite.

• Prepare and update risk policies, standards, process documents, operating procedures, risk registers, assessment reports, and governance materials.

• Provide independent oversight, review, challenge, and advice to the First Line of Defense.

• Assist Principal Risk Owners and Principal Risk Coordinators in identifying key risks, assessing mitigating controls, and developing action plans to address control gaps.

• Undertake risk and control assessments and monitor the timely closure of agreed risk mitigation actions.

• Prepare dashboards, management reports, committee presentations, and risk insights for senior management and relevant governance forums.

• Perform risk governance activities, including committee coordination, action tracking, issue management, and maintenance of risk records.

• Promote risk awareness and contribute to initiatives aimed at strengthening the organization’s risk culture.

• Track relevant regulatory developments, industry trends, internal events, and external risk incidents, and assess their potential impact on clearing and settlement operations.

Requirements

Required Skills and Experience:

• 3 to 6 years of experience in settlement risk, credit or liquidity risk, operational risk, enterprise risk, compliance, or audit.

• Good understanding of payment, clearing, and settlement processes, along with relevant banking regulations and risk-management practices.

• Experience in financial services, banking, payments, or financial market infrastructure is preferred.

• Ability to analyze settlement exposures, limits, breaches, and risk data, and translate findings into practical recommendations.

• Experience with GRC tools, risk analytics, Advanced Excel, Power BI, SQL, Python, or similar tools is desirable.

• Working knowledge of AI and its application in risk monitoring, anomaly detection, reporting, and decision-making.

• Strong analytical, problem-solving, communication, documentation, and presentation skills.

• Proven ability to influence stakeholders, coordinate across teams, and manage multiple priorities in a dynamic environment.

• Sound judgment, attention to detail, and the ability to escalate material risk issues promptly.

AI Knowledge Requirement

• Working knowledge of Artificial Intelligence, machine learning, and generative AI concepts.

• Understanding of AI applications in risk monitoring, anomaly detection, early-warning indicators, predictive analysis, and automated reporting.

• Awareness of AI-related risks such as data quality, bias, explainability, privacy, model risk, and information security.

• Ability to use AI responsibly, with appropriate human oversight and governance.

Behavioral Attributes

• Proactive, prompt, and responsive.

• Achievement-oriented and accountable.

• Energetic and enthusiastic.

• Self-motivated and able to work independently.

• Collaborative and stakeholder focused.

• Adaptable and comfortable working in a fast-paced environment.

• Strong sense of ownership and commitment to timely delivery.

• Demonstrates integrity, sound judgment, and a risk-aware mindset.

Skills Required

Graduate degree or MBA
Preferred academic background in Finance, Risk Management, Banking, Economics, or Data Analytics
3 to 6 years of experience in settlement risk, credit risk, liquidity risk, operational risk, enterprise risk, compliance, or audit
Understanding of payment, clearing, and settlement processes
Knowledge of relevant banking regulations and risk-management practices
Experience in financial services, banking, payments, or financial market infrastructure
Ability to analyze settlement exposures, limits, breaches, and risk data
Experience with GRC tools, Advanced Excel, Power BI, SQL, Python, or similar tools
Working knowledge of artificial intelligence and its application in risk monitoring, anomaly detection, reporting, and decision-making
Working knowledge of artificial intelligence, machine learning, and generative AI concepts
Understanding of AI risks including data quality, bias, explainability, privacy, model risk, and information security
Ability to use AI responsibly with human oversight and governance
Strong analytical, problem-solving, communication, documentation, and presentation skills
Ability to influence stakeholders, coordinate across teams, and manage multiple priorities
Sound judgment, attention to detail, and ability to escalate material risk issues promptly

View all jobs at National Payments Corporation Of India (NPCI)

View National Payments Corporation Of India (NPCI) Profile

Report Job

Am I A Good Fit?

beta

Get Personalized Job Insights.

Our AI-powered fit analysis compares your resume with a job listing so you know if your skills & experience align.

The Company

HQ: Mumbai, Maharashtra

2,124 Employees

Year Founded: 2005

What We Do

NPCI is an umbrella organisation for all retail payment systems in India. It was set up with the support & guidance from Reserve Bank of India (RBI) & Indian Banks Association (IBA). A registered company under Section 8 of the Companies Act, 2013. Watch the NPCI Corporate AV - https://youtu.be/RGl9YQ6CB20 Products & Services Unified Payments Interface Unique payment solution which empowers a recipient to initiate the payment request from a smartphone. It facilitates 'virtual payment address' as a payment identifier for sending & collecting money & works on single click 2 factor authentication. Immediate Payment Service A 24X7, real time, cost effective, independent channel, retail payment service, introduced by NPCI, empowering customers to transfer money instantly with banks & RBI authorised PPIs across India. RuPay Robust card scheme designed to offer payment products with superior features & processes specifically designed to cater to diverse consumer needs. *99# USSD based mobile banking platform that makes banking services accessible to all the bank account holders on their mobile phones. National Automated Clearing House Centralised payment system developed with an aim to consolidate multiple ECS systems running across the country & provide a framework for the removal of local barriers/inhibitors. Aadhaar Enabled Payment System Bank led model which allows online financial inclusion transactions at micro-ATMs through the business correspondent of any bank using the Aadhaar authentication. e-KYC Electronic way of conducting authentic & real time KYC of a customer using Aadhaar authentication. Cheque Truncation System Electronic image of the cheque is transmitted to the drawee bank by the clearing house, along with relevant information. National Financial Switch Facilitates routing of ATM transactions through inter-connectivity between its member institutions thereby enabling the citizens of the country to utilise any ATM of a connected entity