DM/AM- Operational Risk & Control - 5+ Years

Location: Mumbai
Discipline: Banking & Finance, Risk & Compliance
Job type: Permanent
Contact name: Naina Khurana

Contact email:
Job ref: 38271
Published: 1 day ago

AM - Risk & Controls Operations - (5+ Years)

An exciting role for professionals having more than 5 years of experience in First Line of Defence, Operational Risk Control, RCSA, Incident Reporting, Root cause analysis (RCA), Reporting

Location: Mumbai

Your Future employer: A leading, global group with a strong foothold in specialty financial services serving millions of customers across the full spectrum.


  1. Reviewing and interpreting the Key controls Operating in Investments business, plan key controls assessments and conduct independent testing on Quarterly basis.

  2. Supporting the production of the Risk Management documentation for Senior, understanding the Inherent risk, gauging the effectiveness of the key controls and documenting the residual risk

  3. Management of Open Issues raised by Business and Audit for timely closure, reported on monthly basis using Power BI Dashboards

  4. Supporting Business for AAF Audit and FCRP (Financial Close Reporting Process) Testing, Support includes identifying the relevant controls for testing and participating in the walkthroughs planned by 2nd line / Audit Teams.

  5. Developing process to monitor monthly status on STIP (Short Term Incentive Pay) and controls metrics – Chasing updates on SII’s, Assurance issues, Risk Events etc. Including half year and annual control assessments.

  6. Managing the monthly co-ordination and preparation of Firm wide FLRC (First Line Risk & Controls) forum papers.

  7. Supporting the delivery of Top Risks and associated reporting, including the tracking of Risk Appetite flags in partnership with 2nd line ERM (Enterprise Risk Management).



  1. Working experience of 5 to 8 years in Operational Risk Control for Financial Services Industry

  2. Ability to design controls to mitigate the open risk

  3. Experience in Line 1b / 2nd line in Financial Services Operations

  4. Experience of using Risk Management systems to Manage / Mitigate Non-Financial Risk

  5. Understanding and strong interpretation of Regulations impacting the Operational Risk

  6. Master’s Degree level in Finance/ Mathematics/ Economics

  7. FRM Certification will be an added advantage

  8. CFA Qualification will be desirable

  9. Relevant IOC or Investment Management qualification / Certification would be desirable.


What is in it for you?

  1. Fast track career growth

  2. Market leading remuneration

  3. Liaise extensively with stakeholders

Reach Us: If you think this is the right opportunity for you, feel free to apply or forward your application with your updated resume at naina.khurana@crescendogroup.infor further discussions.

Disclaimer: Crescendo Global is an ISO 9001:2015 certified Leadership Hiring consulting arm of Crescendo Group with expertise in mid to senior level niche recruitment. We are passionate about empowering job seekers and employers with an engaging memorable job search and leadership hiring experience. Crescendo Global does not discriminate on the basis of race, religion, color, origin, gender, sexual orientation, age, marital status, veteran status or disability status.

Note: We receive a lot of applications on a daily basis so it becomes a bit difficult for us to get back to each candidate. Please assume that your profile has not been shortlisted in case you don't hear back from us in 1 week. Your patience is highly appreciated.

Profile Keywords- Mumbai Jobs, Risk & Control Jobs, Operational Risk Jobs, RCSA Jobs, RCA Jobs, Operational Risk Control Jobs, Incident Reporting Jobs, Finance & Insurance Industry