Senior Operational Risk Management Associate

About Our Company

Ameriprise India LLP has been providing client based financial solutions to help clients plan and achieve their financial objectives for 20 years. We are part of Ameriprise Financial Inc., a US financial planning company headquartered in Minneapolis with a global presence and diversified financial services leader with more than $1.5 trillion in assets under management, administration and advisement as of year-end 2024. The firm’s focus areas include Asset Management and Advice, Retirement Planning and Insurance Protection.

Be part of an inclusive, collaborative culture that rewards you for your contributions, and work with other talented individuals who share your passion for doing great work. You’ll also have plenty of opportunities to make your mark at the office and a difference in your community. So, if you're talented, driven and want to work for a strong, ethical company that cares, take the next step and create a career at Ameriprise India LLP.

Job Description

The Bank Risk Office has an exciting opportunity for a “Sr Associate Risk Management” to join the Second Line of Defense (2LOD), supporting Banking and Cash Solutions (BCS), including Ameriprise Bank, FSB. The Bank Risk Office provides independent oversight to ensure risk management processes and controls implemented by the First Line are effectively designed and operating in alignment with the Bank’s Risk Management Framework.

This role supports both governance and execution across key components of the framework, with a focus on delivering independent oversight, credible challenge, and risk insights. The individual will partner closely with business and risk teams to evaluate the control environment, identify process risks, and recommend enhancements to strengthen risk management practices.

The position primarily supports the Governance and Risk of Change (Bank Change Management) oversight pillars, while also executing across broader risk programs, including process reviews, control testing, Risk Events, and RCSA activities. Through this work, the role helps advance the Bank’s Risk Management Framework and reinforce a strong culture of safety and soundness.

Key Responsibilities:

• Provide independent 2LOD oversight of bank change initiatives, including review of impacted processes, controls, and policy/procedure updates, ensuring strong governance and disciplined execution.
• Deliver credible challenge to 1LOD activities across change management, risk assessments, and control environment to ensure alignment with the Bank’s Risk Management Framework and enterprise standards.
• Lead and coordinate core governance activities, including KRI collection, monitoring, and reporting aligned to the Bank’s Risk Appetite Framework.
• Drive the annual policy and standards review process and oversee BAU updates, enhancing clarity, consistency, and overall control effectiveness.
• Provide oversight of RCSA, process walkthroughs, control testing, and continuous monitoring, evaluating design and operating effectiveness of controls.
• Identify control gaps and risk exposures, and recommend practical, risk-based remediation strategies to strengthen the control environment.
• Oversee the Risk Event Program and key change initiatives, ensuring timely issue resolution, effective mitigation, and robust tracking/reporting.
• Maintain and validate key risk artifacts (process inventories, flows, procedures, RCMs) to ensure completeness and alignment with enterprise standards.
• Support regulatory and governance reporting, including preparation of committee materials, leadership updates, and coordination of OCC requests and exam activities with Regulatory Affairs.

Required Qualifications:

• Master’s degree or equivalent.
• 3-5 years relevant experience.
• Basic risk knowledge.
• Strong analytical, organizational, and time management skills.
• Excellent written and verbal communication skills.
• Strong internal and external relationship management skills.
• Ability to work independently, manage priorities, and deliver result.

Preferred Qualifications:

• Understanding of process, risk, and control design concepts.
• Ability to interact and maintain effective working relationships across all levels of the organization
• Proficiency in Microsoft Office Suite, including Excel, Word, and Vision.

In-Office Collaboration

We are a client-centric, relationship-based business. Working together, in-person, is foundational to how we achieve results. By fostering a culture of face-to-face collaboration, idea sharing, productivity and personal connection, we deliver for our stakeholders — clients, advisors, employees and shareholders. Our employees work in the office at least three (3) days per week, with flexibility to work from home two (2) days per week. Some roles may require additional in-office time or different in-office expectations, and specific requirements will be discussed during the hiring process.

Full time(2:00p-10:30p)AWMPO AWMP&S President's OfficeBusiness Support & Operations

Ameriprise India LLP is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, genetic information, age, sexual orientation, gender identity, disability, military status, veteran status, marital status, pregnancy, family status or any other basis prohibited by law.

We are committed to fostering an inclusive and accessible recruitment process for individuals with disabilities. If you require a reasonable accommodation to participate in the application or interview process, speak to your recruiter to discuss how we can support you.