Chief Risk Officer - Business/Technology Process

Job Overview :

We are in search of a professional for the role of Chief risk officer (CRO) which is a full-time leadership role within the firm. In times of technological evolution and regulatory changes, risk assessment and mitigation has become an important component of all key business processes. As an experienced professional CRO is expected to be responsible for leadership of risk and quality management from a strategic, operational and client perspective across the company India. The role requires working in conjunction with Managing Partner and other members of the senior leadership.

Duties and Responsibilities of a Chief Risk Officer will include :

Overall and strategic :

- Designing and managing risk management framework, including updating, establishing new risk management mechanisms, to identify, assess, monitor, measure and control a broad spectrum of risks

- Develop an efficient risk culture and discipline within company India which is conducive to cope up and open to challenge

- Evaluating the operational risks arising from business plans set by service teams. Implement an appropriate control framework to address the risks identified and perform period tests on the effectiveness of the controls.

- Lead and manage the internal audit function of the Firm and conduct the audits in accordance with the plan agreed with the leadership team.

- Identify and escalate new and emerging risks that could be material to the firm, to the appropriate reporting level in the Firm

- Conducting risk assurance and due diligence on behalf of the Firm in the events of mergers, acquisitions, and business deals or any other special transactions

- Implementing risk prevention and mitigation strategies through a cost-effective technology enabled processes

Operational and Engagements specific:

- Design, Implement and monitor risk and quality control policy and procedures across all services of the company India, including client and engagement acceptance, practise manuals, control standards and risk detection and grading mechanism

- Design and implementation of engagement specific profitability monitoring mechanism along with client acceptance and go-to-markets processes initiated by service teams.

- Designing and implementation of a quality mechanism to evaluate deliverables/ Final report delivered to clients to ensure quality as per regulatory standards

- Enabling processes and controls to ensure compliance with regulations/ laws (ICAI, NFRA, PCAOB, IBBI etc)

- Assist in developing knowledge management programme and conduct trainings for employees so that they are aware of the environment they are working in and the risk prevailing in their work environment

Data protection and confidentiality:

- Build a cybersecurity strategy that brings together multiple security elements into a single, collaborative program thereby addressing the risk associated with data breaches and hackers

- Ensure risk assurance and data protection and processes to address stamp out system vulnerabilities and other threats

- Integrate digital risks into the ERM framework

- Build cyber risk resilience

- Leverage risk technology to predict risk outcomes

- Align with IT compliance frameworks such as NIST, COSO, COBIT and ISO 270011

Reputational risk:

- Recognizes potential threats to firm's reputation including marketing missteps and understand all actions that can affect the public perception including client and vendor association of the Firm

- Include reputation risk as a part of risk and quality strategy and planning, create response and contingency plan

- Design control process after understanding stakeholders expectations

- Focus on positive image and communication

Other requirements:

- Must be familiar with liability as well as compliance standards for the industry, including financial, property, operational, or personnel reporting, regulations, and standards

- Must be a proven leader and manager, able to take charge and act assertively without guidance

- Should Possess sound and independent judgement

- Should Embody good communication and interpersonal skills

- Possess initiative, analytical and is solution driven

- Keen to learn and keep abreast of the latest developments

Qualification & Experience:

- Experience in similar roles for 15 + years in a multinational company / firm

- Relevant work experience in Risk Management

- Chartered Accountant, Master's in Business Administration/ Finance & Accounting/ Law/ Economics/ Risk Management/ equivalent

Policies, Procedure and others

- Comply with all relevant policies and procedures of the Firm

- Undertake additional tasks and responsibilities as may be reasonably expected of the role and as necessary in order to achieve the objectives of the function and goa