Basic Details

Job Title Head - Management Assurance and Risk Management

Business Sector - Corporate Governance

Location - Pune, Corporate Office

Job Purpose:

- This role is responsible for monitoring and minimizing financial and non-financial risk across the enterprise while also responsible for the internal audit function

Key Accountabilities & Outcomes

- Planning and Strategizing Identify a comprehensive management assurance plan cutting across all facets of organization

- Identify frequency and span of coverage basis size, sensitivity and materiality

- Gather market info / intelligence on prices, discounts, incentives and contractor payments

- Physically visit the storage points, loading/unloading points, dealers, vendors and ascertain the health of companies' business

- Gather competitive data points and ascertain market factors with respect to sales, purchase, loading, unloading, supply chain in areas of company's business

-Should strive to bring in a balance between mitigating risk and seed of business execution, Bring a strong emphasis on ATR reviews and thus the impact tracking

- Apply analytical tools to decipher conclusions and insights on compliance / maintenance of propriety. Analyse scope for cost reduction, wastage elimination, revenue and profit enhancement

- Assist the management team to indicate best practices and enhance efficiency of operations

- Policy and Process Design, Implementation and Review Monitor and reduce overall credit risk- overdue credits, bad debts, etc.

- Monitor timely and adequate policy renewal at business units, follow up for claims / refunds, oversee surveys and other formalities (as needed).

- Monitor and update insurance contracts, including regular review of quality of main underwriters and insurance brokers and advising on any changes to existing arrangements that may be required as a result

- Facilitate an effective management assurance audit exercise for DFPCL to measure processes against compliances.

- Take assistance of outsourced agencies to coordinate activities of management assurance. Coordination of conduct of management assurance across organization with respect to process, compliance and conduct and upkeep of financial value.

Work Relations (Internal and External)

- Business Unit Heads

- Head, Fund Management

- Head - IT

- Head, Strategic Procurement Develop and manage relationships with external consultants and business partners. Industry forums, experts etc

Key Dimensions

- Manage performance of the Enterprise Risk Management team, support capability building and ensure that individual/team morale and motivation is positive

Team Size: 3-5

- Coordination with business team

Education Qualifications / Background

- Chartered Accountant

Technical/Functional Expertise

- In-depth knowledge of enterprise risk management concepts and best practices

- Knowledge of economic policies and indicators, forex rates, interest rates, insurance mechanisms etc Deep data analysis, planning and forecasting skills

- Knowledge of company's strategy, structure and practices

Behavioural Competencies & Personality Traits: (List only 3- 5 specific behavioural competencies)

- Good interpersonal & coordination skills

- Self-starter; ability to look for innovation solutions to issues

- Team Player and collaborative style of functioning

- Proactive attitude to raise issues / questions with the objective of finding a resolution mechanism

Relevant and Total Years of Experience

- 20+ years of work experience Good understanding of SAP system, IT applications like attendance system, BPM tool etc.