Lead - Operational Risk

Gurgaon, India /
Payments India - Risk /
About PayU 
PayU, a leading payment and Fintech company in 50+ high-growth markets throughout Asia, Central and Eastern Europe, Latin America, the Middle East and Africa, part of Prosus group, one of the largest technology investors in the world is redefining the way people buy and sell online for our 300.000+ merchants and millions of consumers. 

As a leading online payment service provider, we deploy more than 400 payment methods and PCI-certified platforms to process approximately 6 million payments every single day. 

Role:  Lead – Operational Risk                                                                   
Location: Gurgaon
About the Role:
We’re looking for an expert to lead Operational Risk in the second line of defence for our regulated businesses in India.
●As a regulated business, our second line of defence team plays a critical role in assuring and testing the Risk and Audit health of PayU within the broader financial ecosystem. 
●The successful candidate will report to the Head of Risk and Audit of PayU Payment Pvt. Ltd. 
●You will design, implement, and manage core elements of an Operational Risk Management Framework. 
●You will also review, challenge, and assist executive management, business line leadership, and risk owners in the implementation of effective operational risk management practices. 
About the team:
The Risk and Audit team of PayU Payments in India is responcible for overall Enterprise risk governance for PayU entities including Payement, Wibmo and Neo banking. The team also partners with Prosus Audit team to ensure effective Audit goverance for the respective entities in India.    
Excited yet? Continue reading to find out more about the role:
 What you’ll be doing:
●Establish and maintain the Independent Risk Management perspective on change management risk across the firms diverse set of business groups and enterprise functions.
●Provide second line oversight and assurance on operational risk management 
●Ensuring that operational risk mitigation is properly designed and operating effectively and efficiently is a core component of the role, in addition to assessing whether it is within the risk appetite limits.
●Your key role in PayU’s enterprise risk management program for our regulated entities in India will enable PayU to manage operational risk effectively in line with policy and regulatory requirements. This will entail performing an important role in the identification, assessment, management, and reporting of operational risk across business. 
●Play an integral role on our second line Enterprise Risk and Audit team. 
●Help to scale our enterprise risk management frameworks for our regulated entities, including:
oDevelop and own an Operational Risk Framework (core component of the Enterprise Risk Management Programme) and supporting control programmes
oReview, challenge, and assist the first line of defence with their operational risk management practices, providing guidance, training, and communication as needed
oDevelop and operationalise key policies, standards, procedures, and processes for the identification and management of all material operational risk areas
oFor significant operational risk events or incidents, review and analyse trends, lessons learned and recommend remedial activities
oEffectively communicate operational-risk related topics internally within your team and with your cross-functional stakeholders
oEvaluate, monitor, and test our operational risk controls, policies, procedures, and processes, in the context of PayU’s products and business lines
oAssist with cross-functional operational risk management and remediation projects. 

What are we looking for?
●Qualified CA /Post Graduate or higher degree in Accounting, Finance, Business Administration-related area.
●Demonstrated understanding and specialist expertise of the operational risk issues that a company like PayU faces
●12 to 15 years of experience in risk, audit, or other control functions in the financial services industry, preferably in fintech/payments  
●Strong critical thinking, analytical, and data-driven skills
●Excellent cross-functional collaboration skills
●An aptitude for working in a regulated environment and building risk and Audit by design
●An ability to find solutions to complex and hard problems and turn incomplete, conflicting, or ambiguous inputs into solid action plans
●The horsepower to work in an ambiguous, fast-paced environment and balance multiple priorities and workstreams

What we offer (Standard)
●A positive, get-things-done workplace
●A dynamic, constantly evolving space (change is par for the course – important you are comfortable with this)
●An inclusive environment that ensures we listen to a diverse range of voices when making decisions.
●Ability to learn cutting edge concepts and innovation in an agile start-up environment with a global scale
●Access to 5000+ training courses accessible anytime/anywhere to support your growth and development (Corporate with top learning partners like Harvard, Coursera, Udacity)
About us:  
At PayU, we are a global fintech investor and our vision is to build a world without financial borders where everyone can prosper. We give people in high-growth markets the financial services and products they need to thrive. Our expertise in 18 high-growth markets enables us to extend the reach of financial services. This drives everything we do, from investing in technology entrepreneurs, to offering credit to underserved individuals, to helping merchants buy, sell and operate online. Being part of Prosus, one of the largest technology investors in the world, gives us the presence and expertise to make a real impact. Find out more www.payu.com 

Our Commitment To Building A Diverse And Inclusive Workforce 
As a global and multi-cultural organization with varied ethnicities thriving across locations, we realize that our responsibility towards fulfilling the D&I commitment is huge. Therefore, we continuously strive to create a diverse, inclusive and safe environment, for all of our people, communities and customers. Our leaders are committed to create an inclusive work culture which enables transparency, flexibility and unbiased attention to each and every PayUneer so they can succeed, irrespective of gender, color or personal faith. An environment where every person feels they belong, that they are listened to, and where they are empowered to speak up. At PayU we have zero tolerance towards any form of prejudice whether a specific race, ethnicity, or of persons with disabilities or the LGBTQ communities.