AVP - Risk Governance - BFSI

Purpose of the Job :

- Overseeing and enhancing the risk management framework within the organization.

- Developing and implementing effective risk governance strategies, policies, and procedures.

- Ensure the identification, assessment, and mitigation of risks across various business functions.

Perspective Key Performance Indicators :

- Risk Governance Strategy - Develop and execute a comprehensive risk governance strategy aligned with organizational objectives.

- Implement best practices to enhance risk awareness and promote a risk-aware culture.

Policy Development :

- Formulate and update risk management policies to address emerging risks and regulatory requirements.

- Ensure consistent application of risk policies across the organization.

Risk Identification and Assessment:

- Collaborate with business units to identify and assess risks associated with their operations.

- Implement risk assessment tools and methodologies to quantify and prioritize risks.

- Regulatory Compliance, Monitoring and Reporting - Establish robust monitoring mechanisms to track risk metrics and key risk indicators.

- Prepare and present regular risk reports to senior management and relevant committees

- Stay informed about regulatory changes impacting the industry and ensure compliance.

- Work closely with legal and compliance teams to address regulatory requirements and implementation thereof across all impacted functions/ areas.

Cross-functional Collaboration :

- Collaborate with various departments to integrate risk management into business processes.

- Guide business units on risk mitigation strategies

Incident Response and Crisis Management :

- Develop and maintain a crisis management plan to address potential risks and incidents.

- Lead the response to critical incidents and coordinate with relevant stakeholders