Senior Associate / AM OPC-Global Markets Operations

Hiring for A Leading MNC Financial Services

from 3 to 8 year(s) of Experience
Mumbai

Job Description

Position Purpose

Main responsibilities is to implement the operational risk management framework and monitor the operational risk related to Global Markets Operations activities. Hence, to analyze control results (Ops, OPC, LoD2, LoD3) and incidents to identify main operational risks and follow the associated mitigation/remediation actions (including recommendations).
Will also be responsible for the improvement of the overall internal control mechanisms to ensure compliance with regulatory requirements and Company standards.

Responsibilities

OPC framework

Work closely with Global OPC teams to ensure that guidelines established centrally are adapted in APAC
Update RCSA and risk maps as part of the implementation of the Convergence program
Identify gaps in the control framework based on IG missions, RISK ORC permanent control actions, open risk areas, TAC/NAC, projects and incidents
Subsequently review the control plans using a risk based approach

Risk management
Monitor the ORUS controls results declared by Operations Teams and report the sign-off status
Perform the control testing as defined in the control plan and validate the action plan with ITO management
Ensure operational risk incidents are properly collected, coordinate the root cause analysis and contribute to the definition of remedial actions
Follow-up and contribute to close recommendations/permanent control actions/incident remediation actions assigned to ITO across the Region
Ensure adherence to reporting in all tools (Orus, Mercator/Forecast, Aurora, etc)
Take a step back to identify key risk areas and to propose long-term remediation actions to ITO management

OPC governance
With the other ITO OPCs, contribute to the risk awareness within ITO and bring into the spotlight key areas of focus/attention
Actively support a front-to-back approach via a strong collaboration with Business OPCs and a clear reporting on risks and mitigating actions for the concerned business
Closely collaborate with Risk ORC by attending regular meetings and sharing relevant information

Regulations, Procedures and Code of Conduct
Pro-actively monitor the regulations changes to ensure cascading in Ops teams
Monitor the implementation of global/local regulations and internal policies by Ops teams
Ensure compliance with global and regional policies, especially Compliance and IT Security
Ensure respect of the standards of Code of Conduct

TECHNICAL COMPETENCIES REQUIRED:

Experience of front-to-back Global Markets flow (any product, Fixed Income, Commodity, EQD)
Good analytical skills and control mindset
Ability to integrate various information and synthesize them
Good communication and presentation skills, with ability to interact with operations staff and Senior Management
Ability to work independently and also as part of a team
Coordination and multi-tasking skill and Proficient in Microsoft Office Suite (Excel, PowerPoint, Word) for statistical analysis and report production

Salary: Not Disclosed by Recruiter

Industry:Banking / Financial Services / Broking

Functional Area:Financial Services, Banking, Investments, Insurance

Role Category:Operations/Processes/Finance/Legal

Role:Operations Manager

Key Skills

Desired Candidate Profile

Please refer to the Job description above

Company Profile

RiverForest Connections Private Limited

A Leading MNC Financial Services
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Contact Company:RiverForest Connections Private Limited