Operational Risk Management (AVP/VP level)

Key Responsibilities:

• Identify and assess potential risks associated with business operations, projects, and external factors.
• Conduct risk assessments to evaluate the likelihood and impact of identified risks.
• Analyze and evaluate the financial, operational, and strategic implications of identified risks.
• Collaborate with relevant stakeholders to understand their risk tolerance and risk appetite.
• Develop and implement risk mitigation plans and strategies to minimize the impact of identified risks.
• Collaborate with department heads to ensure that risk mitigation plans align with business objectives.
• Stay updated on industry regulations and compliance requirements.
• Ensure that the organization is in compliance with relevant laws and regulations related to risk management.
• Manage the organization's insurance portfolio, ensuring adequate coverage for potential risks.
• Collaborate with insurance providers to negotiate terms and coverage.
• Communicate risk management strategies and updates to senior management and relevant stakeholders.
• Prepare and present reports on risk management activities, trends, and key performance indicators.
• Conduct training sessions to increase awareness of risk management principles and practices.
• Work with teams to embed risk management into day-to-day operations.
• Regularly review and update the risk management framework to adapt to changing business environments.
• Recommend improvements to policies, processes, and procedures related to risk management.

Qualifications and Skills:

• Bachelor's degree in Business, Finance, Risk Management, or a related field. Advanced degrees (e.g., MBA) may be preferred.
• 5 years of working experience in operational risk management
• Proven experience in risk management, preferably in a managerial role.
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Knowledge of relevant laws, regulations, and industry best practices.
• Certification in risk management (e.g., CRM, PRM, or similar) may be an advantage.