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Risk Hub India:Operational Risk-Associate

Gurgaon, HR
Job Code:
  • Banking & Finance
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Job Details

Key Responsibilities Provide an outline of the key responsibilities required as part of this role. Headings and italicised text are provided as guidance,except where indicated as mandatoryBusiness Delivery and Financial PerformanceClear and measurable near term financial goals and deliverablesThe role holder will be responsible forRisk based assurance activity necessary to evidence and improve 1LOD compliance with OR Policy Chapters, together with the identification of gaps and exceptions; completing associated activities to remediate / reduce the materiality of these gaps, and improve the quality of data captured. Ensuring outcomes are value-add to the end user and test definitions are clear and fit for purpose.Taking all appropriate action to ensure the capture, and on-going management, of OR Policy Chapter related data on ORBIT is sufficiently robust to support its use as a key risk management tool for both internal and external regulatory insights and reporting.Working with business facing risk teams to ensure full adoption of the Bank s OR Policy Chapter methodologies, resulting in a consistent approach to all OR Policy activities.Interacting with the central policy-owning teams & business facing risk teams on the validation of events / associated impacts resulting from OR Policy aligned activities.To liaise with various stakeholders (including Risk Infrastructure, Risk Solutions) as required for effective analysis.Provide key stakeholders (various 2LOD teams) with relevant MI and reports, maintain a central repository for MI and reports; and undertake analysis along with sample sets, test reports, assurance reports in-line with the policy assurance framework, with identification of key themes that may emerge overtime.To adhere to minimum standards reporting for the risk framework while performing management information reports & analysis. Implement consistent risk reporting requirements for customer facing businesses, committees and the Board. Operating Disciplines and Controls Support the establishment and maintenance of operations, controls, risk assessments and assurance programmes together with the monitoring of risk and controls to identify, assess and manage any material risks which may arise in relation to the operation of ELDM.Risk CultureSet the tone by promoting appropriate business and risk aware behaviours and requiring compliance with all statutory and regulatory requirements and RBS Group policies Conduct RiskTo be accountable for ensuring you understand, uphold and promote the Conduct risk standard pillarsEmployee ConductCorporate ConductMarket ConductConduct towards our customersActively consider the inherent, material risks of the business/ organisation. They should analyse the risk profile and seek confirmation that the risks are being appropriately identified, assessed and mitigated to the desirable level. Develop and embed robust risk and control frameworks which meet the strategic needs of the group, including communication, training and awareness.Conduct suitable assurance to evidence 1LOD compliance with policies/ responsibilities.Provide senior executives and relevant risk committees (e.g. OREC) with appropriate MI and reports, including escalating concerns where appropriate. Line of DefenceThe second line of defence is responsible for oversight and development of a robust risk and controls framework as well as providing assurance of the established Policies and controls.Risk, Efficiency and ControlSetting clear goals, internal controls, risk management, business efficiency, improvement and effectivenessRisk ManagementComplies with relevant policies, testing and certifying (or considers and escalates) the adequacy and effectiveness of the controls on an agreed basis.Establishes and documents (or follows and/or maintains) operating procedures which include relevant controls to meet Bank and local policy requirements. Customer ExpectationsMeeting and exceeding customer and stakeholder expectationsReputation Build, safeguard and uphold the reputation of RBS Group across all stakeholders investors, public, staff, clients, etc. The role holder will also support in the following function s key deliverablesCompliance with regulatory requirements relative to OR Policy Chapters, where appropriate. For example, through accurate and timely provision of loss data insight reports.Providing support as required to the central OR Policy Owners to respond to OR Policy queries from the businesses.Whilst no formal line management responsibilities exist, the role holder will support in providing day-to-day coaching and management of more junior staff.
Degree: M.Com. (Commerce) | M.Pharm. (Pharmacy) | M.Sc. (Science) | MA (Arts) | MBA/ PGDM | MCA/ PGDCA

Additional Degree: BA (Arts) | B.Com. (Commerce) | B.Pharm. (Pharmacy) | B.Plan. (Planning) | B.Sc. (Science) | BBA/ BBM/ BBS | BCA (Computer Application) | Diploma-Other Diploma | B.Ed. (Education) | BHM (Hotel Management)

Experience: 4-9


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