Operational Risk Quantification Recovery Director

The mandate

An Interim Director will recover operational-risk quantification whose event data, scenario assessments and aggregate outputs no longer support consistent executive interpretation. The seven-month mandate is designed to restore evidence, calibrate governance and transfer ownership. It does not manage operational controls, accept risk or determine incident accountability.

In the first twenty days, the Director will reconcile loss and near-miss sources, inspect taxonomy consistency, compare scenario rationales and trace aggregation. Authority includes rejecting unsupported estimates, requiring data correction, resetting review sequence and escalating unreliable output. Final risk acceptance and capital or appetite decisions remain with designated governance.

The recovery must address sparse and biased data honestly. The Director will distinguish observation frequency from reporting behaviour, examine truncation and censoring, test external-data relevance, challenge scenario anchoring and expose dependency assumptions. Precision that the evidence cannot support must be replaced by ranges, sensitivity and explicit limitation.

Scenario workshops will retain minority estimates and their evidential basis rather than forcing early consensus. The Director will test whether numerical convergence reflects genuine learning or social pressure among participating experts.

By month three, high-priority data and scenario defects should have owners and corrected evidence. A refreshed exercise and one aggregation cycle will then prove the design. The successor must facilitate a difficult scenario challenge, detect a seeded taxonomy break and explain the effect of alternative dependency assumptions.

Handover will be accepted by the Chief Risk Officer after the event-data protocol, scenario method, aggregation bridge, limitation register and successor performance satisfy documented criteria. Control remediation, incident investigation, platform replacement and permanent team design are excluded. Extension cannot be justified by a desire for narrower uncertainty bands.

What you will own

• Reconcile internal event and near-miss populations to independent sources and identify reporting or taxonomy gaps.
• Define data standards covering threshold, date, gross and recovery treatment, linkage, status and ownership.
• Rebuild scenario methodology around explicit mechanism, exposure, controls, frequency, severity and uncertainty.
• Challenge anchoring, optimism and expert dominance through structured evidence and alternative calibration.
• Test aggregation and dependency assumptions using sensitivity rather than one unexplained composite number.
• Produce decision-ready ranges and limitations that separate evidence from management judgment.
• Run a successor-led scenario and aggregation proof containing designed data defects.
• Preserve boundaries with operational control ownership, investigation and risk acceptance.

Candidate qualifications

• Demonstrate interim recovery of operational-risk quantification using both observed and scenario evidence.
• Describe a loss-data pattern distorted by reporting behaviour, threshold or taxonomy rather than underlying risk.
• Show how you challenged expert anchoring or optimism without replacing expert ownership.
• Evidence aggregation analysis where dependency choice materially altered executive interpretation.
• Provide a method for communicating irreducible uncertainty without making the output unusable.
• Explain how you kept quantification separate from control remediation and incident accountability.
• Show an internal successor passing a scenario facilitation and defect-detection test.

Working terms and boundaries

• The seven-month term requires five days weekly and covers population recovery, refreshed exercise, aggregation and transfer.
• Day rates include hybrid workshops and governance support; exceptional travel needs approval.
• The Director controls quantitative evidence and cadence but cannot accept risk or own operational remediation.
• Investigation, control operation, technology replacement and permanent organisation design are excluded.
• A six-week extension requires an incomplete documented successor proof.

Application

Applications for this mandate are received in one way only: through the India Board Terminal's application process. It is automated end to end. Your Executive Passport travels to the mandate holder in its confidential form, your answers to the three questions below are read before anything else in your file, and every stage that follows is recorded on your applications page.

There is no address to write to and no intermediary to call. The mandate holder reads what the Terminal delivers and nothing else, which is what keeps the process the same for every applicant and keeps your name out of it until you release it. Applications close on 6 October 2026. Mandate reference QNT-INT-2026-STO-18.