Operational Risk Analyst

Job Description

Job Requirements

About the Role

The Senior Operational Risk Analyst plays a critical role in the second line of defense, ensuring that risks identified by business units are effectively monitored and mitigated through appropriate controls. This role involves leading operational risk management activities at the enterprise level, designing strategies for comprehensive risk coverage, and aligning the asset portfolio with the organization’s risk appetite. The position also requires building systems, processes, and a culture that supports scalable and consistent delivery of risk management practices.

Key Responsibilities

Primary Responsibilities

Support risk and operations functions across Retail Assets (including Digital & Fintech Lending), Retail Liabilities, and Shared Services by assessing operational risk exposure and advising on mitigation strategies.
Define and maintain Standard Operating Procedures (SOPs), Risk Registers, and Key Risk Indicators (KRIs), and monitor them regularly.
Conduct annual Risk and Control Self-Assessments (RCSA).
Analyse reported incidents and validated corrective and preventive actions.
Review and approve product notes from an Operational Risk Management (ORM) perspective.
Ensure timely generation, dissemination, and follow-up of dashboards in adherence to defined procedures and quality standards.
Demonstrate strong knowledge of Retail Advances and related operational processes.

Secondary Responsibilities

Contribute to various internal projects aimed at enhancing departmental productivity.
Support senior management in executing strategic initiatives and action plans.
Recommend and implement industry best practices to strengthen operational risk frameworks.

What We Are Looking For

Education

Graduation: Graduate in any discipline from a recognized institution.
Post-graduation: Postgraduate in any discipline from a recognized institution.

Experience

Minimum 6 years of relevant experience in operational risk management.

Skills and Attributes

Strong understanding of operational risk principles and frameworks.
Experience in Retail Advances and Fintech-based lending operations.
Excellent analytical and data interpretation skills.
Proficiency in MS Office applications, especially Excel and PowerPoint.
Effective communication skills for presenting insights to senior management and external stakeholders.
Ability to work cross-functionally and manage multiple priorities.
Proactive approach to identifying risks and implementing controls.

Frequently Asked Questions

What are the eligibility criteria for the Operational Risk Analyst job at IDFC FIRST Bank?

Eligibility typically includes the qualifications and experience outlined in the job description above, with around 5-10 Years years of relevant experience expected for this role.

What are the primary responsibilities of a Operational Risk Analyst at IDFC FIRST Bank?

The key responsibilities for this role are detailed in the Key Responsibilities section above, covering the core duties expected of a Operational Risk Analyst at IDFC FIRST Bank.

Is prior experience required for this position?

This role requires around 5-10 Years years of relevant experience, as specified in the job listing. Please refer to the Qualifications & Experience section above for full details.

What skills are important for this role?

Skills relevant to this position are outlined in the Qualifications & Experience section above. In general, strong communication, domain knowledge, and the ability to meet role-specific targets are valued across similar BFSI positions.

How do I apply for the Operational Risk Analyst role at IDFC FIRST Bank?

You can apply directly using the Apply Now button on this page, which will take you to IDFC FIRST Bank's application process for this role.

IDFC FIRST Bank — Mumbai, MUMBAI