Deputy General Manager - Risk Management & Compliance

JOB PURPOSE:

Aligning with Vision, Mission & Objectives of the Business and understand the challenges of the Risk & Controls associated with the Strategy & Business Plan keeping in view the internal & external context.

PRINCIPLE ACCOUNTABILITIES :

EXPECTED END RESULTS :

Risk Management Framework: Develop and deploy Risk Management framework which incorporates Risk Management policy, Risk committees structure & charters, Risk Management procedures, tools/ templates etc.

MAJOR ACTIVITIES :

- Keep abreast of business developments

- Evolve a buy-in from Leadership Team

- Design framework aligned to COSO and ISO 31000 guidelines

- Architect Risk Management structure consisting of Board, Apex Management and Business leadership Risk committees

EXPECTED END RESULTS :

Risk Management procedure: Collaborate continuously with other assurance functions (Legal, Compliance, Audit, Internal controls etc.) to leverage efforts.

MAJOR ACTIVITIES :

- Integrate common risk language and taxonomy in other assurance functions- nomenclature

- Accomplice coherence between various assurance functions like Compliance, Audit, Legal, Safety, Quality etc. to improve efficiency and assuage - Oversight fatigue- .

EXPECTED END RESULTS

Risk Management functioning:

- Carry out Risk identification exercise at each level across the company annually

- Enable mitigation planning

- Convene regular risk reviews and maintain the rigor around risk remediation efforts.

MAJOR ACTIVITIES

- Streamline Risk register updation (at Company and Business unit levels) on an ongoing basis (Quaterly).

- Augment mitigation planning by benchmarking and study of best-practices, trends & emerging issues across industries.

EXPECTED END RESULTS

Risk Management Governance:

Maintain continuous Monitoring & Reporting; enhance the rigor as risk management capabilities improve.

MAJOR ACTIVITIES

- Design accurate lead and lag indicators to track risk mitigation

- Systematize risk reporting (indicator & information) from Units/ Functions to Central level

- Evaluate world leading GRC tools, select and deploy it across company to standardize reporting and create a risk management database

- create a repository for Risk Management knowledge Activate course corrections as and when required.

MAJOR CHALLENGES

- He/She is responsible to design and implement decision making work flows with Risk diligence embedded within them (Strategic/ Business planning, Operations Management etc); this calls for immense efforts as scale/ scope to cater to is expansive.

- He/She is required to influence Central and Business leadership teams to trigger Risk Management interventions

- New technology presents new challenges, He/She must stay a step ahead to be aware of the potential risks because of the new technology. Technology may also present new opportunities to better communicate or train new staff.

Educational Qualification - Chartered Accountant

Desired:

Relevant Experience :12-17 years of Work experience (in Risk Management or Compliance Management roles)