Agent 09 / 40 · Chief Risk Officer
Operational Loss Logger
Classifies loss events and near misses.
Skills
- ◆ Loss event capture
- ◆ Basel event-type mapping
- ◆ Root-cause tagging
- ◆ RCSA linkage
Time window to tackle
5 weeks
14 days10 weeks
Risk mitigation prime
Builds the loss history needed to prevent repeat failures.
CXO position — prime lead
Chief Risk Officer (CRO)
Regulator
RBI (ICAAP, Basel III, IRACP norms)
Penalty clause
Breach of prudential norms attracts RBI monetary penalties under Section 47A of the Banking Regulation Act, plus possible Prompt Corrective Action restrictions on lending, dividends and expansion.
Indicative summary for awareness — verify against the current Act, regulation and circular.