Operational Risk Management Specialist

About Fibe (formerly Early Salary):

Fibe is a leading consumer lending app in India, catering to young, tech-savvy, and aspirational consumers. It offers a range of financial products, including cash loans, and sector-specific loans in areas like healthcare, education, and green finance, making financial solutions more accessible. Fibe has grown rapidly and is now a market leader in serving middle-income and underserved groups. Recently upgraded to A- by CARE Ratings, Fibe has access to funding from major banks and NBFCs. With over 9 million loans disbursed, totaling Rs. 40,000 Cr+, Fibe is ISO/IEC 27001 certified for information security.

• Winner of BW Festival of Fintech Lending Platform of the Year (Gold) and Fintech Brand of the Year (Silver)

• ET Healthcare Awards 2024 - Excellence in Affordable Healthcare Financing

• Entrepreneur 2024 Founder of The Year & Best Innovation in Financial Services

• Winner of G20 Digital Innovation Alliance Best Startup in Fintech

• Great Place to Work Certified

Job Overview

The Operational Risk Specialist is responsible for identifying, assessing, mitigating, and monitoring risks that arise from internal processes, systems, people, and external events. This role ensures that operational risks are managed within the organizations risk appetite and regulatory expectations.

Key Responsibilities

1. Risk Identification & Assessment

• Conduct Risk Control Self-Assessments (RCSA) and Privacy Impact Assessments (PIA).
• Identify risks in business processes, projects, systems, and new initiatives.
• Analyze operational incidents and loss events to determine root causes.

2. Risk Mitigation & Strategy

• Develop and implement operational risk frameworks, policies, and SOPs.
• Define Key Risk Indicators (KRIs) and thresholds; monitor and report on them.
• Collaborate with IT Security and other departments to address privacy and cyber risks.

3. Compliance & Regulatory Alignment

• Ensure compliance with internal policies and external regulations (e.g., RBI, SEBI, IRDAI).
• Stay updated on changes in privacy legislation and regulatory requirements.
• Support internal and external audits and regulatory inspections.

4. Reporting & Governance

• Prepare risk dashboards, heat maps, and analytics for senior management and risk committees.
• Maintain documentation to evidence risk assessments and mitigation actions.
• Present findings and recommendations to stakeholders and executive leadership.

5. Business Continuity & Incident Management

• Oversee the Business Continuity Management (BCM) program including testing.
• Lead incident reporting and loss data collection processes.
• Coordinate response plans for operational disruptions.

6. Stakeholder Engagement & Training

• Build relationships across departments to embed risk culture.
• Conduct training sessions on operational risk awareness and compliance.
• Actively participate in cross-functional risk forums and committees.

Education, Experience & Skills

Education & Experience:

• CA, masters degree in finance/ economics, or related field.
• 2-4 years in operational risk, compliance, or internal audit within BFSI.
• Experience with GRC tools is a plus.

Skills:

• Strong analytical and problem-solving abilities.
• Excellent communication and stakeholder management.
• Deep understanding of risk frameworks (RCSA, KRI, BCM).
• Familiarity with regulatory environments and privacy laws.
• Project management and change management experience.