IDLC Finance Limited IDLC Job Circular 2019 – www.idlc.com

Job Responsibilities

• • • Supporting in setting, developing, communicating and monitoring policy & procedures on Operational Risk (OR) and Operational Risk (OR) mitigates
    • Ensuring that significant operational risks are identified in a wider business / function context, to determine significant risks that need to be reported to relevant risk management committees
    • Implementation of organization wide OR framework, reporting tools and establishment of risk ownership across the organization under Operational Risk Policy.
    • Ensuring clear assignment of OR policies to relevant units / policy owners/process owners, and ensuring that they have frameworks to monitor their risks and control failures
    • Identify, review, analyze and manage operational risks in all products, businesses & support units of IDLC Finance Ltd
    • Conducting independent process review (Process Risk Analysis – PRA) of existing work process of each unit/department across the organization
    • Maintaining an organization wide framework for OR so that business and support functions can consistently identify, assess and respond to internal and external changes in operating environment
    • Monitoring of regular reporting of unit wise Key Control Standards (KCS) / Key control self – assessment (KCSA) / Key Risk Indicators (KRIs) by respective unit and suggest mitigations
    • Review existing & new PPG/products across the organization and identify the operations risks and propose mitigation
    • Collating information and trends on gaps, risks, breaches and control failures
    • Recommending mitigation’s/solutions of identified OR issues
    • GAP analysis of SOP [Monitoring of approved SOP/Embed Process Control in line with the best market practice
    • Review and recommend for update/change in SOPs/ processes maintaining the industry best practices
    • Review of audit reports / clients complaints to review OR issues (if any)
    • Conducting Incident Analysis Report (IAR) based on the incidents referred by different units
    • Operational risk analysis (if any) on critical overdue (OD)/litigated/write-off (W/O) a/c
    • Supporting in submission of Monthly Dashboard.
    • Ensuring timely reporting under different OR toolkits
    • Coordinating strategic OR issues to ensure that the organization perspective is considered in strategic initiatives
    • Developing and maintaining an organization wide OR tracking process/system
    • Initiating appropriate remedial / mitigation actions as per discussions at the different OR risk committees to ensure that significant risks/exposures are understood and managed efficiently and in a timely manner
    • Maintaining database of operational loss events
    • Identify the process improvement areas that have direct/indirect implication on operational risk concerns
    • Ensuring through nominated UORM (Unit Operational Risk Manager) that the core operational risk policy & procedures are implemented and applied consistently across all units in the business / function at branch and company level
    • Monitoring the implementation of action plans to address & mitigate High, Medium & Low risk issues
    • Periodic sample testing (including branch visit /client visit if required) to identify OR issues as per Management Requirements
    • Conducting training / awareness program on OR issues across the organization
    • Analyze the best industry / global practices in operational Risk Management
    • Contributing, promoting and monitoring continuous improvement in Risk Culture across the Operational areas

Educational Requirements

• • • • MBA/BBA majoring in Finance / Accounting from a reputed university.
      • At least 2 years experience in internal audit, external audit, accounting, country’s laws and regulations and compliance related services