Business Operations Risk Manager (RIS) at Principal Financial Services, Inc.

Pune, maharashtra, India -

Full Time

Start Date

Immediate

Expiry Date

05 May, 26

Salary

0.0

Posted On

04 Feb, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Operational Risk Management, Compliance, Internal Audit, Analytical Skills, Problem-Solving, Decision-Making, Project Leadership, Communication, Influence, Team Development, Risk Assessment, Regulatory Standards, Mentorship, Collaboration, Business Continuity Planning, Stress Testing

Industry

Financial Services

Description

Responsibilities As a business operations risk manager, you identify, assess, monitor, and reduce front-line operational risks from business activities, processes, systems, and external events. You collaborate closely with RIS senior management, leaders in India and the US, and other risk teams across PGS and Principal Financial Group. Together, you ensure the operational risk framework matches the organization's strategic goals and risk tolerance. This role offers an opportunity to join a highly daring team and develop a detailed risk management system. What You’ll Do Build and maintain procedures to ensure they align with company policies and standards and satisfy all applicable risk and compliance expectations. Conduct regular operational risk self-assessments and reviews to identify and evaluate the key operational risks and controls within the RIS organization. Track and communicate the operational risk indicators, incidents, losses, and action plans to senior management and the appropriate committees. Collaborating with Enterprise Risk, support the operational risk scenario analysis, RCSA’s, and stress testing to measure the potential impact and probability of acute events. Provide mentorship and support to the business units and other risk functions on the operational risk management issues and initiatives. Coordinate and take part in the operational risk audits, inspections, and regulatory examinations. Lead and advance the operational risk team and encourage a solid risk culture inside the organization. Have shown expertise in working across-geography inclusive and diverse teams which are skilled and future-ready in risk domain. Work with the BCP and Business teams in strengthening the BIA’s and revisit RTO & RPO periodically. Collaborate with the business and Enterprise Risk to proactively drive risk management and support business objectives. Advance and report risks to Enterprise Risk partners. Implement corrective actions in processes, controls, and/or strategic objectives to mitigate the impact risks. Skilled in leading global collaborators across geographies and navigate the global matrix organization through collaboration and influence. Stay updated on industry trends, market conditions, and competitors to better serve business. Understand and embody Principal's code of conduct, core values, and leadership expectations. Use them to guide decisions, lead teams, collaborate, and mentor for strong succession. Qualifications Who You Are We prefer candidates with a bachelor’s or master’s degree or equivalent experience. They must understand the framework for leading operational risks, methodologies, tools, and relevant regulatory standards and guidelines. Minimum 10 years of professional experience in the BFSI IT/ITeS sector, including at least 8 years in operational risk management, internal audit, or compliance within financial services. Skills That Will Help You Stand Out Strong analytical, problem-solving, and decision-making abilities. Should possess a general understanding of the US retirements industry, with certification in operational risk management being a plus. Experience in building and developing diverse teams Skills in leading multiple priorities and initiatives and a track record of successful project leadership and execution Strong communication and influence capabilities Additional Information Leadership at Principal As a leader at Principal, you’re responsible for activating our strategy, meeting evolving customer needs, and crafting an inclusive culture. Our leadership expectations serve as a guide to the standards encouraged from all our leaders. Our leaders need to be a positive brand ambassador of our core values and purpose. They need to understand our code of conduct and know the responsibility to comply. They stay respectful of diversity and differences and work towards building inclusive teams and partnerships. About RIS: Retirement and Income Solutions (RIS) helps people save and protect enough upon retirement. Our advisors, plan sponsors and TPAs serve more than 40,000 employers and 5.6 million people. Service offerings include Annuities, Individual Solutions, Pensions, RIS distribution, Defined Benefits, Defined Contributions, Principal Bank, Principal custody solutions, Workplace savings and retirement solutions.

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Responsibilities

As a Business Operations Risk Manager, you will identify, assess, monitor, and reduce operational risks from business activities. You will collaborate with senior management and other risk teams to ensure the operational risk framework aligns with the organization's strategic goals.