Senior Risk Analyst – ORMG (Operational Resilience)
HDFC Bank · Posted Nov 5
Commercial banking, retail banking, credit card, loan, and treasury services
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About the role
The Operational Risk Management function (ORMG) is a second line of defence within HDFC Bank’s Risk Management Department, focused on operational risk and operational resilience frameworks. The role involves aligning policies and processes with RBI operational resilience guidance, mapping critical operations, running scenario-based stress testing, monitoring resilience thresholds, and reporting to senior management and committees. It collaborates with Operations, IT, Information Security, Compliance, Internal Audit, and business stakeholders to implement and monitor the operational resilience framework.
What you will do
- To ensure the Framework complies to the RBI’s guidance note/circulars on operational resilience.
- Alignment of various policies at the Bank to the Framework on Operational Resilience.
- Review and align the tools and processes required for operational resilience with the framework.
- Review of the products and services of the Bank from the ambit of operational resilience to identify Critical Operations for Operational Resilience.
- Understand the business process and being able to translate them into detailed process map for the identified Critical Operations.
- Critically review the end-to-end process map for identifying areas of risks and the mitigation required.
- The extant Critical Operations identified for Operational Resilience – In-depth review of its E2E process map, tolerance threshold, impact of change management, scenario workshop, stress testing, root cause analysis for material incidents impacting the tolerance threshold, monitor change initiatives for performance improvement of tolerance threshold, etc.
- Ability to conceptualize the nature of information which can be used to measure the various elements in the end-to-end process and seek the relevant data sets for developing various parameters for measuring the delivery of the Critical Operations. Further, benchmark with available industry standards, where feasible.
- Drafting of reports for submission to Senior Management/Executive Committee/Board or Board Committee.
- To engage with Compliance and Internal Audit team as part of their engagement with ORMD.
- To review the Library of Scenarios for Stress Testing for Critical Operations for its relevance.
- Conduct stress testing through Scenario Workshops, document the assessment and its impact on tolerance threshold and develop mitigation plan with the relevant stakeholders.
- To proactively monitor the Operational Resilience threshold defined for each of the Critical Operation.
- To review the tolerance threshold (statistically determined) on a periodic basis.
- To assess the impact on stress testing on tolerance threshold.
- Ability to review independently the root cause analysis for events impacting the Critical Operations for its underlying cause and mitigation required.
- Assess the impact of change management of processes or systems on the end-to-end process and tolerance threshold for the Critical Operations.
- To ensure the reporting of the various activities as required.
- To ensure proper documentation and records for the reports published by the team to internal/external stakeholders.
Skills used in this role
What the employer is looking for
- Candidate should be MBA in Finance / Chartered Accountant/ Cost and Management Accountant/ Chartered Financial Analyst/ Master is Finance or Economics/CAIIB.
- Banking experience in relevant areas and/or experience in operational risk or business continuity risk.
- Experience in management of Frameworks related to Operational Risk and Business Continuity Risk.
- Ability to carryout detailed review of processes, prepare network diagrams and data analysis to identify the opportunities for improvements.
- Ability to collaborate with multiple stakeholders
- Excellent Analytical skills with good understanding of technology.
- Ability to deliver as per the plan and timelines
- Excellent interpersonal and communicating skills
- Ability to keep abreast with the developments in banking, operational risk and operational resilience management.
- Minimum experience in years – 8 - 10 years related work experience
- Exposure to banking preferable.
- Reasonable understanding of banking processes throughout lifecycle
- Ability to identify, assess, monitor and manage operational risk
Benefits and support
- Compensation and benefits are detailed in the job posting
About HDFC Bank
HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai. It is India's largest private sector bank by assets and market capitalization, offering a wide range of financial products including retail banking, wholesale banking, and treasury operations.
- Industry
- Banking
- Company size
- 211535 employees
- Founded
- August 1994
- Location
- Mumbai, Maharashtra, India
- Funding stage
- Public Company
Leadership
Sashidhar Jagdishan
Managing Director and Chief Executive Officer
Srinivasan Vaidyanathan
Chief Financial Officer
Ramesh Lakshminarayanan
Chief Information Officer
Vibhash Naik
Chief Human Resources Officer
Recent coverage
The Hindu
Anup Bagchi takes charge as HDFC Bank CEO and MD2026-10-27
ET CFO
Anup Bagchi Appointed CEO of HDFC Bank Amid Challenges2026-10-27
Stock Titan
HDFC Bank Limited Filed Its Form 20-F for the Year Ended March 31, 20262026-07-29