Job Description:
Job Title: Operational Risk Management (ORM) - Environmental, Social & Governance (ESG) Specialist
Corporate Title: Assistant Vice President
Location: Mumbai, India
Division Overview:
The Chief Risk Office function has Group-wide responsibility for the management and control of all credit, market, operational, reputational, enterprise and liquidity risks and has the responsibility of continual development of methods for risk measurement, frameworks and creating a bank wide strong risk culture.
Operational Risk Management (ORM’) is a department within the Risk Division. As a Second Line of Defence function, ORM is responsible for oversight across all aspects of non-financial risk, including risk identification and assessment, control framework, risk appetite and scenario analysis.
The role sits in the OR Environmental, Social & Governance (‘ESG’) and Reputational Risk Framework team. The team is responsible for the integration and ongoing risk management of ESG within the ORM frameworks, including the associated policies, policy adherence, metrics, reporting and minimum control standards.
Role Description
The role plays a key part in embedding ESG and Reputational Risk within the Bank’s Operational Risk Management framework. It supports the development, implementation and oversight of relevant policies, controls, metrics and governance, while coordinating with senior stakeholders across businesses and control functions on framework enhancements, policy adherence and regulatory or audit matters.
What we’ll offer you
As part of our flexible scheme, here are just some of the benefits that you’ll enjoy,
Best in class leave policy.
Gender neutral parental leaves
100% reimbursement under childcare assistance benefit (gender neutral)
Sponsorship for Industry relevant certifications and education
Employee Assistance Program for you and your family members
Comprehensive Hospitalization Insurance for you and your dependents
Accident and Term life Insurance
Complementary Health screening for 35 yrs. and above
Your key responsibilities
Supporting the continued integration of ESG into the Bank's operational risk control frameworks, including scenarios, the thematic approach with controls and metrics, and contextual data.
Ongoing development and monitoring of the Operational Risk framework related to ESG.
Playing a key role in:
The ownership of the associated ESG and reputational risk policy documents
Policy adherence across the ESG and reputational risk space
Associated ESG and risk reporting
The setting of minimum control/governance standards across ESG and reputational risk
Working closely with the Reputational Risk and ESG team, and respective ORM ESG leads, on changes to the respective frameworks and with the Mumbai team on framework adherence and reporting.
Supporting Reputational Risk activities, including framework enhancements, governance and reporting, and coordination of policy adherence and issue remediation.
Other tasks include: building relationships with key stakeholders across businesses and control functions; ESG change-the-bank projects; supporting responses to Audit and Regulatory queries across the ORM ESG and reputational risk landscape, and closing associated Audit and regulatory findings relating to ESG and reputational risk frameworks.
Your skills and experience
5 – 8 years’ experience in the financial sector with similar analysis and risk roles in the operational risk space
Demonstrable experience in an ESG-related risk and controls focused role in the financial sector
Strong knowledge of key regulations related to ESG (CSRD, CSDDD, EU Taxonomy etc) and experience in implementation requirements.
Excellent senior stakeholder management skills, ability to build constructive partnerships with diverse stakeholders and challenge where required
Strong people management skills, including the ability to coach and develop colleagues, delegate effectively and coordinate delivery across geographically…