AGM - Operational Risk Management

As an Assistant General Manager in the Risk Management team at PayTM Payments Bank, you will play a crucial role in enhancing the operational risk management framework to ensure operational resilience and compliance with regulatory standards. Your responsibilities will include: - **Operational Risk Management Committee (ORMC):** - Prepare and conduct comprehensive ORMC presentations for the bank. - Monitor and track open action items from ORMC meetings, ensuring timely resolution and accountability. - Report the bank's risk appetite and related metrics to RMCB and ORMC. - **Risk and Control Self-Assessment (RCSA):** - Enhance the RCSA framework across business and support units to improve risk identification and control measures. - Maintain track of deliverables related to RCSA, control testing, risk incidents, and Key Risk Indicators (KRIs). - Develop and maintain the RCSA dashboard, providing actionable insights to senior management. - **Key Risk Indicators (KRIs) and Risk Event Management:** - Monitor KRIs across relevant business and support functions, ensuring alignment with the bank's risk appetite. - Track and maintain an operational loss database for gross and net exposure to the bank. - Perform root cause analysis on identified risk events and recommend improvements to prevent recurrence. - **Policy, SOP, and Process Review:** - Review policies, Standard Operating Procedures (SOPs), and processes for the bank. - Propose changes to existing policies and processes based on emerging risks, new controls, or new policy implementation. - **Risk Advisory and Reporting:** - Provide expert risk advisory support to various business units, promoting informed decision-making and strategic risk-taking. - Conduct risk assessments for new products, services, and processes, ensuring alignment with the bank's risk appetite. - Track and implement effective controls across processes and publish detailed scorecards for relevant functions. - **Big Data Analytics and Control Testing:** - Leverage big data and trend analysis to conduct effective control testing across business units. - Publish scorecards for business and support functions based on control testing outcomes. - **Policy and Procedure Oversight:** - Lead the annual review and update of the Risk Management Policy and SOPs, aligning them with evolving regulatory requirements and industry best practices. - **Regulatory Compliance and Governance:** - Ensure adherence to regulatory guidelines, including those set by the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI). - Collaborate with internal and external stakeholders to address regulatory findings and implement corrective actions. Join PayTM Payments Bank and be part of the digital banking revolution, where your expertise in risk management will drive proactive risk mitigation strategies and ensure a secure financial environment for our customers. As an Assistant General Manager in the Risk Management team at PayTM Payments Bank, you will play a crucial role in enhancing the operational risk management framework to ensure operational resilience and compliance with regulatory standards. Your responsibilities will include: - **Operational Risk Management Committee (ORMC):** - Prepare and conduct comprehensive ORMC presentations for the bank. - Monitor and track open action items from ORMC meetings, ensuring timely resolution and accountability. - Report the bank's risk appetite and related metrics to RMCB and ORMC. - **Risk and Control Self-Assessment (RCSA):** - Enhance the RCSA framework across business and support units to improve risk identification and control measures. - Maintain track of deliverables related to RCSA, control testing, risk incidents, and Key Risk Indicators (KRIs). - Develop and maintain the RCSA dashboard, providing actionable insights to senior management. - **Key Risk Indicators (KRIs) and Risk Event Management:** - Monitor KRIs across relevant business and support functions, ensuring alignment with the bank's risk appetite. - Track and maintain an operational loss database for gross and net exposure to the bank. - Perform root cause analysis on identified risk events and recommend improvements to prevent recurrence. - **Policy, SOP, and Process Review:** - Review policies, Standard Operating Procedures (SOPs), and processes for the bank. - Propose changes to existing policies and processes based on emerging risks, new controls, or new policy implementation. - **Risk Advisory and Reporting:** - Provide expert risk advisory support to various business units, promoting informed decision-making and strategic risk-taking. - Conduct risk assessments for new products, services, and processes, ensuring alignment with the bank's risk appetite. - Track and implement effective controls across processes and publish detailed scorecards for relevant functions. - **Big Data Analytics an