This website uses cookies to ensure you get the best experience on our website. By continuing to use this site, you agree to our cookie  & privacy policy.Accept

checked This is a sample alert

Consultant- Operational Risk Management

  • Full Time
  •  On-Site - Mumbai / Navi Mumbai
  • 6 months
  • Project posted on: 30/01/2023

Consultant- Operational Risk Management

  • Finance
  • Financial planning and analysis
  • Treasury (incl. working capital management)
  • Budgeting

On-Site - Mumbai / Navi Mumbai

Full Time

6 months


Assignment Details

Our client, a Commercial Banking company, is looking to engage with a Consultant who will be performing the following roles & responsibilities:

- Support Head-ORM in implementing Operational Risk Management framework and facilitate understanding of operational risk requirements across Business, Support & Operations units assigned.
- Review Risk Register (identification of risks and their controls), RCSA and KRI for assigned units. Reviewing the Risk Register and RCSA that are updated in line with change in Product/ Process/ Technology/ Regulations from time to time.
- Undertake timely periodic review of Key Risk Indicator (KRI) and Risk and Control Self-Assessment (RCSA) exercises.
- Review the Loss Event Reporting for the units assigned as per the ORM policy and ensure the Root Cause is analysed, Corrective Actions taken and Preventive Actions drawn up to prevent re-occurrence. Reach out to other internal and external stakeholders as may be required to validate the submission.
- Track the appropriate and timely resolution of Issues and Preventive Actions identified by units.
- Review Product Notes and Processes (SOP / Policy / Manuals) to identify key risks and ensure mitigates / controls are provided by owners.
- Bring in and sustain improvement in the operational efficiency and effectiveness of operational risk processes for the assigned units.
- Assist in developing Business Continuity Framework within the organisation.
- Providing relevant inputs for the ORMC Deck.
- Other ad-hoc assignments and projects that may be assigned from time to time.

Please note that this project requires the consultant to be based in Mumbai for whole project duration.

Skills Required

1. Graduate / Post Graduate with a minimum 4 years’ experience in First/Second Line Operational Risk Management.
2. A Professional Degree with an experience in Assets Operations, Branch Banking Operations, Treasury units within a Bank will be an added advantage.
3. Experience in implementing Operational Risk Management tools (RCSA, KRI, Incidents) for units.
4. Good knowledge of Banking products for SMEs, Supply Chain, Micro Finance and Treasury.
5. Understanding of industry trends and developments as well as their impact on the business.
6. Strong communication and writing skills & fluent in written and verbal English.

About the Client




Minimum Experience:

4+ years

Additional Skills:

  • Operational Risk Management
  • Operational Risk processes
  • Stakeholder Management
  • Micro Finance
  • Risk and Control Self- Assessment (RCSA)
  • Operational Finance
  • Risk Mitigation
  • Banking Operations
  • Treasury

No of open positions:


How it works

  • 1

    Build your
    skill profile

  • 2

    Strengthen it
    with feedback

  • 3

    Determine your
    optimal fee level

  • 4

    Apply for matching

  • 5

    Get finalized

  • 6

    Stay Engaged

Build your skill prodile


Request feedback from prior projects and/or work stints


Determine your optimal fee level

  • starFeeBee helps consultants understand how to price their services.
  • starEnter your skill & location to get ranges for what similar professionals have charged on projects.
  • starUnlock more details e.g., best paying sub-skills, ranges by projects durations, by simply adding a benchmark from a orior projects.

Apply for matching projects


Get finalized!


Stay Engaged!


Similar Freelance Projects you can apply to.

View More Projects btn btn

More than 3000 clients rely on Flexing It today

Frequently asked questions.

We host both full-time & part-time projects from top clients for 100+ skill categories. We also help connect experts like you with clients for short consultation calls called Flexperts

You just need to create a ‘boutique firm’ account during the registration process. The rest of the application process remains the same.

Our freelancers fee benchmarking tool, FeeBee helps our freelancers and consultants find out what their peers charged for similar projects. Built on 600K+ verified benchmarks, registered users get unlimited access to it.

As a freelancing platform, we do not provide permanent positions or full-time job to our consultant network.

Flexing It will be involved end to end right from contracts to invoicing. Once you are finalized, your payment details are transparently laid out in your contract terms with your client and our team actively liaises with the client finance team to ensure timely payments.

We do not charge any fee or commission from you. Your fee quote will be paid out to you in full as per your project contract.