Manager – Operational & Market Risk

Manager • Operational & Market Risk Location: India 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 RiskEnsure 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 portfoliosSupport ALCO and Risk Committees with analysis and insightsAdvise on exposure to:Interest rate riskLiquidity riskMarket movementsRecommend hedging and mitigation strategies Operational Risk Management Design and maintain the Operational Risk FrameworkLead RCSA (Risk & Control Self Assessments) workshopsMonitor KRIs, KPIs, and KCIsStrengthen risk culture and awareness across the organization Loss Event & Risk Analytics Investigate operational loss events and perform root cause analysisMaintain loss databases and identify trendsRecommend corrective and preventive controls Fraud Risk & Vigilance Lead fraud risk management and investigation activitiesOversee vigilance-related responsibilities as per regulatory guidelinesDevelop and implement fraud risk policies and frameworksEnsure timely escalation and reporting of incidents Risk Reporting & Controls Prepare dashboards, risk reports, and heatmapsIdentify control gaps and recommend improvementsEnsure audit findings and regulatory observations are addressed Stakeholder Management Partner with: Treasury (Front & Back Office)Finance & OperationsRisk & Compliance teamsLiaise with external stakeholders including regulators and auditors Ideal Candidate Profile Experience 10–12 years in banking / financial services risk managementStrong exposure to:Operational Risk frameworksMarket / Liquidity RiskRegulatory environment (RBI, Basel norms) Skills & Expertise Sound understanding of risk frameworks and controls Experience with RCSA, KRIs, incident managementKnowledge of treasury / market risk conceptsStrong analytical and problem-solving skillsExcellent stakeholder and communication skills Preferred Qualifications Certifications such as FRM, CFA, PRM are an advantageBachelors/ Masters in Finance, Accounting, Economics, Business Administration, Risk Management (or related discipline)