Assistant Vice President/Lead - Risk & Compliance - BFSI - CA

Inviting applications for the role of AVP, Risk & Compliance lead

AVP, Risk & Compliance lead

Function: Ops Compliance

location : Gurgaon, India

This role would be responsible for the implementation of the enterprise-wide risk governance framework which includes risk culture, risk appetite, risk assessment, monitoring of risk treatment & reporting requirements. Also responsible for the implementation of various aspects of the risk function, including implementation of processes, tools and systems to identify, assess, measure, manage, monitor and report risks.

Responsibilities

- Effectively maintain the risk management framework at an enterprise level ensuring accurate internal and external data to identify and assess risk.

- Oversee the processes to identify and evaluate business areas' risks and risk and control self-assessments.

- Assess risks across all business units and all functional units including but limited to strategic, financial risks, people, customer and regulatory.

- Ensure all risks have been appropriately documented to drive effective risk management and approval processes for high risk decisions.

- Facilitate the Identification of emerging risks and risks in fraud prone areas

- Understand potential risk exposures under a variety of adverse circumstances, particularly in relation to high risk areas and accordingly bring to the notice of right stakeholders

- Aim to keep the risk management and internal control infrastructure in accordance with changes to the businesses risk profile, to the external risk landscape and in industry practice.

- Support and challenge the business in respect of risk assessment, by observing and contributing to key decision-making processes.

- Ensure that adequate escalation and approval procedures are in place.

- Manage the corporate risk and compliance reporting process as well as maintain infrastructure elements (e.g. Audit Committee reporting and Management reporting)

- Manage the ongoing monitoring of the risk-taking activities and risk exposures to ensure they are in line with the risk appetite.

- Oversee the life cycle of contract management ensuring a complete and effective repository of Client contracts and ensure contractual obligations are well known to the contract owner

- Drive self-assessments through the tool ensuring compliance to contractual ask

- Risk Culture: Assess and develop the organisations ability to manage risk in line with risk appetite by:

a) Driving risk behavior

b) Enhancing risk culture in org

c) Building awareness on risk management concepts

Qualification:

- Bachelor's/Master's degree required

Additional Certification (Optional):

- CA / Other Risk Management degree

- Certified Internal Auditor (CIA)

- Tertiary qualifications in law, commerce or other relevant business disciplines

- Compliance experience in outsourced business is preferable.

- Demonstrated background in influencing key internal decision-makers to achieve desired outcomes