Department: Risk Management NIPL
Function: Enterprise Risk Management (ERM) and Operational
Risk Management (ORM)
Corporate Title: Senior Associate/Lead
Place of Posting: Mumbai
Preferred Educational
Qualification: CA
or MBA
Experience: 4-5
years of relevant
experience in risk identification and management, Enterprise Risk Management
(ERM), Operational Risk Management (ORM), Incident governance, compliance
and/or Audit.
The candidate
should have worked extensively on maturing the risk culture through diligent initiatives.
Experience in
the financial services industry and a working knowledge of regulatory requirements.
Profound
knowledge of Risk Management (regulatory requirements, industry leading
practices & trends in ORM and ERM)
Ability to
articulate complex concepts and information in a clear, concise, and structured
manner.
Strong
strategic, analytical, and decision-making skills.
Proven
relationship management skills and ability to influence a large and diverse
group of stakeholders (often without organizational structure) through
persuasion, intellect, experience, strong interpersonal skills etc.
Stay
abreast of current industry standards, regulations, and external environment.
Develop
and maintain knowledge of systems and data to ensure optimal use of technology.
Strong
strategic, analytical, communication and decision-making skills
Job Responsibilities:
Review
new product / process documentation and be able to identify the impact of the
same on the Operational risk profile and ensure that adequate mitigation
measures / controls are in place
Monitor,
review, and communicate the impact to the risk profile of future initiatives,
including new product / process assessments, targeted risk reviews, major
business changes, changes in regulations and changes in the operating
environment.
Responsible
for the completion of the Risk and Control Self Assessments for the assigned
departments / verticals in the ERM tool, if any
Carry
out detailed walkthroughs and process mapping to identify significant risks and
controls
Identify
Key Risk Indicators for the assigned verticals / departments, monitor and
report the same periodically
Assist in determining company’s risk appetite
and quantify the amount of risk as per the impact and likelihood.
Oversee
the operational risk incident management process to guarantee that timeliness,
integrity, and quality control are maintained
Review
the operational risk incidents and conduct root cause analysis and
business impact analysis
Development
of Risk Mitigation Action Plans
Work
together with other organizational line of defense (i.e. Compliance, Internal
Audit, etc.).
Managing
and building relationships with ORM vendors.
Attitude
Fast paced and Passionate to build career
Self-motivated and self-starter
Eager to learn and deliver
Collaborative
Skills Required
- CA or MBA qualification
- 4-5 years of relevant experience in risk identification and management, ERM, ORM, incident governance, compliance, and/or audit
- Experience in the financial services industry
- Working knowledge of regulatory requirements
- Strong knowledge of enterprise and operational risk management practices, regulations, and industry trends
- Experience maturing risk culture through risk management initiatives
- Ability to articulate complex concepts clearly and concisely
- Strong strategic, analytical, communication, and decision-making skills
- Relationship management and stakeholder influencing skills
- Knowledge of systems and data used in risk management
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
