Manager – Operational & Market Risk

Manager – Operational & Market Risk Location: Nariman Point, Mumbai Industry: Banking / Financial Services About the Role We are looking for a highly skilled Manager – Operational & Market Risk to lead and strengthen the risk management framework for our India operations. This role combines operational risk, market & liquidity risk, and fraud/vigilance oversight , making it a critical position in ensuring regulatory compliance, strong governance, and risk-informed decision-making across the organization. Key Responsibilities Risk Strategy & Governance Develop and implement frameworks for Operational, Market, and Liquidity Risk Ensure alignment with Basel II/III, ICAAP, and regulatory requirements (RBI) Provide strategic risk insights and reporting to senior management and committees Market & Liquidity Risk Management Monitor and assess risks across banking and trading portfolios Support ALCO and Risk Committees with analysis and insights Advise on exposure to: Interest rate risk Liquidity risk Market movements Recommend hedging and mitigation strategies Operational Risk Management Design and maintain the Operational Risk Framework Lead RCSA (Risk & Control Self Assessments) workshops Monitor KRIs, KPIs, and KCIs Strengthen risk culture and awareness across the organization Loss Event & Risk Analytics Investigate operational loss events and perform root cause analysis Maintain loss databases and identify trends Recommend corrective and preventive controls Fraud Risk & Vigilance Lead fraud risk management and investigation activities Oversee vigilance-related responsibilities as per regulatory guidelines Develop and implement fraud risk policies and frameworks Ensure timely escalation and reporting of incidents Risk Reporting & Controls Prepare dashboards, risk reports, and heatmaps Identify control gaps and recommend improvements Ensure audit findings and regulatory observations are addressed Stakeholder Management Partner with: Treasury (Front & Back Office) Finance & Operations Risk & Compliance teams Liaise with external stakeholders including regulators and auditors Additionally, performs the responsibilities as the Chief of Internal Vigilance for the Bank.

Ideal Candidate Profile Experience 10–12 years in banking / financial services risk management Strong exposure to: Operational Risk frameworks Market / Liquidity Risk Regulatory environment (RBI, Basel norms) Skills & Expertise Sound understanding of risk frameworks and controls Experience with RCSA, KRIs, incident management Knowledge of treasury / market risk concepts Strong analytical and problem-solving skills Excellent stakeholder and communication skills Preferred Qualifications Certifications such as FRM, CFA, PRM are an advantage Bachelors/ Masters in Finance, Accounting, Economics, Business Administration, Risk Management (or related discipline)