[New Job Vacancy] Team Member – ORM-SUPPORT SERVICES-Operational Risk job in Kotak Mahindra, (Mumbai, Maharashtra) – Jobs in Mumbai, Maharashtra

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Job Opening details:-
Company Name :-
Kotak Mahindra
Position Name :- 
Team Member – ORM-SUPPORT SERVICES-Operational Risk
Company Location :-
Mumbai, Maharashtra
Job Category :-
Jobs in Navi Mumbai

Full Job Description :-

Job detailsJob TypeFull-timeFull Job Description

Job Role

Implementing and embedding the Operational risk framework to identify, assess, mitigate and monitor key outsourcing risks
Identification and assessment of outsourcing risk
Monitoring of activities outsourced to vendor and their performance through half yearly review of outsourcing activities and annual review and BoD note preparation for Material outsourcing
Above monitoring includes review of various aspects such as scorecard prepared by Business, appropriateness of agreement terms and agreement validity, availability of insurance as applicable, financial condition, subcontracting, events reported internally or externally, outcome of audit or CISO team reviews, concentration risks , negative media reports, BCP and contingency plans etc.
Conduct half yearly material outsourcing review , identify & assess gaps and suggest mitigants to eliminate / control / monitor outsourcing risks
Gatekeeping of all new outsourced vendors to ensure onboarding requirements are completed prior to processing payments
Implementing processes and control framework for off boarding vendors
Assist the team in below activities

Manage custody and status of bank wide polices and prepare BOD/management notes for status of review of policies across bnk
Support the Business in designing/monitoring key risk indicators, setting thresholds and analyze key risk indicator breaches, for risk identification, assessment and need for control/process enhancements
Provide MI and analytics support to the team for risk forum presentations reporting of Board notes and Risk profile template submissions
Management of records for regulatory and internal inspections, BOD notes etc.

Job Requirements:
Excellent knowledge of power point & excel would be an advantage

Graduate/ Professional – Certification in Operational risk would be an advantage

Personality Traits:
Good communication skills

Analytical skills
Eye for detail
Independent thinking


If you wish to apply for this job position, please fill your details in the Kotak Fast Track A pplication Form and mail to [email protected] please mention the following in the subject line as ”Position Name” – “ Your Name” – “ Your Current Business group ”

Hiring InsightsJob activityPosted 5 days ago

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