IDFC Asset Management Company Ltd. was established in 2000 and is already one of the largest Mutual Fund houses in India. In a relatively short span of time, it has developed a robust network to deliver consistent value to its investors across India.
IDFC AMC is among the few fund houses to get an ISO 9001:2000 certification for its entire range of customer service activities.
IDFC Ltd. (IDFC) and Natixis Global Asset Management (NGAM) have entered into a strategic partnership in IDFC AMC. This partnership will give IDFC AMC the ability to offer domestic investors access to international investment opportunities through investment products managed by NGAM. Natixis Global Asset Management is one of the largest asset managers in the world based on assets under management.
Natixis is the corporate, investment and financial services arm of BPCE, the second-largest banking group in France with 22% of total bank deposits and 37 million clients spread over two networks, Banques Populaires and Caisses d’Epargne.
Pursuant to RBI’s requirements for banking license, IDFC Ltd. on July 9, 2015 has transferred its shareholding in IDFC Asset Management Company Ltd. to IDFC Financial Holding Company Limited, a Non-Operative Financial Company, which is a wholly owned subsidiary of IDFC Ltd. Even after the transfer, IDFC continues to be the sponsor of IDFC Mutual Fund and also continues to hold controlling interest in IDFC AMC.
-Collaborate with various Business, Operations and Support Functions to implement banks Operational Risk Management Framework for proactive identification and management of operational risks in a consistent manner.
-Review of Product and Process notes from identification of Operational risks.
-Review of Policies on Operational risk issues for stronger governance.
-Review and independently challenge Operational risk assessments submissions by Business/Operations/Support functions.
-Design of Key Risk Indicators and analysis of KRI data.
-Tracking of Open Issues from operational risk registers, audit reports/ regulatory reviews, internal control testing reports for closure and validation.
-Incident analysis, escalation/ reporting including tracking of Open actions.
-Assist in preparation of Operational Risk Management Reporting for Senior Management
-ORM Training and awareness initiatives.
CA/MBA/Master in Finance from premier institute
4 - 6 years of experience of Operational Risk within Banking domain specially for Retail Liabilities/Assets products.
Understanding of Basel and other globally recognized control frameworks
Good analytical skills and keen eye for details and ability to identify control gaps with the ability to change.
Strong auditing and review skills
Superior inter-personal and communication skills (both verbal and written)
Ability to be able to work independently as an Individual Contributor
Strong control mindset with an aptitude to identify & assess operational risk issues
Awareness of Operational Risk SAS system will be an added advantage.