Operational Risk Deputy Manager

Deputy Manager - Operational Risk

About Us

SBI Card is a leading pure-play credit card issuer in India, offering a wide range of credit cards to cater to diverse customer needs. We are constantly innovating to meet the evolving financial needs of our customers, empowering them with digital currency for seamless payment experience and indulge in rewarding benefits. At SBI Card, the motto 'Make Life Simple' inspires every initiative, ensuring that customer convenience is at the forefront of all that we do. We are committed to building an environment where people can thrive and create a better future for everyone.

SBI Card is proud to be an equal opportunity & inclusive employer and welcome employees without any discrimination on the grounds of race, colour, gender, religion, creed, disability, sexual orientation, gender identity, marital status, caste etc. SBI Card is committed to fostering an inclusive and diverse workplace where all employees are treated equally with dignity and respect which makes it a promising place to work.

Join us to shape the future of digital payment in India and unlock your full potential.

What’s in it for YOU

1. SBI Card truly lives by the work-life balance philosophy. We offer a robust wellness and wellbeing program to support mental and physical health of our employees
2. Admirable work deserves to be rewarded. We have a well curated bouquet of rewards and recognition program for the employees
3. Dynamic, Inclusive and Diverse team culture 
4. Gender Neutral Policy
5. Inclusive Health Benefits for all - Medical Insurance, Personal Accidental, Group Term Life Insurance and Annual Health Checkup, Dental and OPD benefits
6. Commitment to the overall development of an employee through comprehensive learning & development framework

Role Purpose 

To support in the development of risk assessment programs, review sampling methodologies to recommend necessary changes and assist in development of Operational Risk Management policies and processes for the organization.

Role Accountability 

1. Provide support in implementation and execution of the Risk and Control Self-Assessment (RCSA) program to support achievement of 2nd Line of Defense responsibilities under the Operational Risk Management Framework which will include testing the design and operating effectiveness of controls
2. Assist in identification of process level risk & controls and assess inherent and residual risk profile to create a comprehensive risk register for the organization
3. Manage risk library for multiple functions including risks
4. Provide support in creation and testing of the agreed control approach
5. Participate and conduct workshops for RCSA implementation with respective functions
6. Assist in validation of control testing and collation of evidence considered for testing
7. Support in testing of design and operating effectiveness of controls for RCSA and assist in closure of gaps identified
8. Assist in standardized documentation for RCSA test results
9. Support in preparing operational risk & control reports & MIS for executives, senior management, key stakeholders, and risk committees on a timely basis
10. Perform ad-hoc projects for ERM lead as required, to support ERM function
11. Provide support to implement regulatory and best business practices for effectiveness of ERM function
12. Ensure adherence to regular process documentation practices in compliance with the process guidelines

Measures of Success 

1. Ensure risk library is updated at an organizational level after reviewing policies and procedures
2. Validate control test results and review test scripts for accuracy and completeness within agreed timelines
3. Conduct Independent control testing with agreed timelines
4. Identify process level KRIs
5. Support in capturing risks in critical process and then in RCSA within timeframe
6. Timely and accurate updation of process documentation
7. Process Adherence as per MOU

Technical Skills / Experience / Certifications

1. Understanding of Risk Management framework principles, techniques of risk identification, assessment, measurement, and the monitoring
2. Ability to understand regulatory circular and requirements to manage compliances, if required, under Enterprise Risk

Competencies critical to the role

1. Team Player and ability to operate with tight deadlines
2. Strong Communication & Interpersonal Skills with ability to effectively communicate across all levels of an organization and outside company boundaries

Qualification 

Graduation / MBA (Finance) /CA/CFA/CPA/CIA

Preferred Industry

BFSI, Any

Experience Level

Mid Level