Biocon - Lead - Risk Management

Lead - Risk Management (Pharma Industry Must)

Background & Experience Required :

- Minimum 10 years of experience in designing, implementing and maintaining an overall risk management framework for Life sciences, pharmaceuticals, biosimilars, and similar organizations. Also experience in developing & implementing business Policies, SOPs, and training plans.

- Experience in multi-jurisdictional stakeholder management.

- Must be from Pharma Industry

- Global exposure in risk management across multiple geographies would be preferred

- Education MBA (in Finance or Risk Management) or Chartered Accountant.

Other skills :

- Analytical skills and an eye for detail

- Commercial awareness

- Ability to understand broader business issues.

- Communication and presentation skills

- Proficiency in Excel and PowerPoint. Power BI experience will be preferred.

- Pharmaceutical experience will be preferred.

- Strong stakeholder management skills

- Ability to communicate and convince senior management.

Role/Job Description

- The role of a Risk Manager is to communicate risk policies and processes for an organization. They should be able to develop risk models involving market, credit, and operational risk and assure controls are operating effectively.

- Risk Managers must have excellent quantitative and analytical skills, along with the ability to apply those skills across a variety of business processes.

Technical / Functional Skills

The duties under a Risk Management job description include the following:

- Specializes and is able to lead role in developing, implementing, and maintaining an ERM framework including supporting policies and procedures.

- Designing and implementing an overall risk management process for the organization, which includes an analysis of the financial impact on the company when risks occur.

- Performing a risk assessment: Analysing current risks and identifying potential risks that are affecting the company.

- Provide a methodology to identify and analyze the financial impact of loss to the organization, employees, the public, and the environment.

- Performing risk evaluation: Evaluating the company's previous handling of risks and comparing potential risks with criteria set out by the company such as costs and legal requirements.

- Establishing risk appetites, understanding the company's ability and willingness to take a calculated risk.

- Developing and maintaining risk registers for entities across markets.

- Facilitate the identification of risks utilizing appropriate tools and techniques.

- Risk reporting is tailored to the relevant audience. (Educating senior management about the most significant risks to the business; ensuring business heads understand the risks that might affect their departments; ensuring individuals understand their own accountability for individual risks)

- Monitor implementation of action plans to ensure risk mitigation efforts are proceeding as required.

- Liaise with department and business heads on the adequacy of proposed actions in the management of risk areas (also highlighted in internal audit reports).

- Working with stakeholders across teams and functions to achieve desired results.

- Conducting risk management audits across jurisdictions.

- Establish and maintain a risk management philosophy and culture within the organization.

- Previous experience in Internal Financial Control (IFC) testing is preferred.

- Other tasks, projects, and risk management projects are assigned from time to time