CMS Info Systems - GM/AVP - Risk - IIM/XLRI/FMS

Job Title : Risk Lead

Location : Mumbai, Corporate Office

Reporting to : Exec. Vice Chairman & CEO

Relationships Internal : All Functional Heads and Employees

Relationships : External: Relevant Statutory Bodies, Professional Consultants and Customers.

Organization :

CMS is India's largest Cash Management and Payment Solutions firm, and the world's fifth largest ATM Cash Management company. With a network spanning over 100,000 ATMs and retail outlets, and managing well over 50% of all cash in circulation in India, CMS is uniquely positioned as the company that literally serves as the 'circulation system' of the country's economy.

- Clients include all the leading banks in the country, along with financial institutions and top retail chains.

- CMS was formed in 2009 following an investment by the Blackstone Group to acquire majority stake in certain key businesses of CMS Computers (founded by the late Mr. Ramesh Grover family in 1976). In 2011, CMS Info Systems Ltd acquired Securitrans India Private Limited (SIPL), the second largest cash management company in India, thus consolidating its position as the leading cash management services company in India.

- In 2015, Asia's largest PE firm, Baring PE Asia acquired 100% stake in CMS Info Systems.

- Our success can be attributed to one simple strategy: We enable clients to focus on their core businesses by freeing them of vital operational functions.

- In-depth sector understanding, project management expertise and a deeply entrenched nationwide support network, have contributed to an enviable client roster which includes all leading banks, top retail chains and well-known insurance majors.

For more information kindly log into www.cms.com

Role :

- The Risk Lead is responsible for overseeing risk-taking activities across the enterprise. The Risk Lead manages the implementation of all aspects of the risk function, including processes, tools and systems to identify, assess measure, manage, monitor and report risks.

- The Risk Lead has direct responsibility for the oversight and development of the Risk Management department, which includes Audit, Operations and Compliance as well as coordination of risk management and reporting activities with respective responsible risk managers across the organization.

- The Risk Lead reports directly to the CEO of the Company as well as to the Management Team, as appropriate, on all risk related items.

Responsibilities will amongst other things include :

- Assist in the development of and manage processes to identify and evaluate business areas' risks and risk and control self-assessments.

- Manage the process for developing risk policies and procedures, risk limits and approval authorities.

- Monitor major and emerging critical risk issues, measuring the organization's exposure to them

- Assess risk/return trade-offs associated with transactions, products, analytical tools and client relationships

- Manage the process for elevating control risks to more senior levels when appropriate.

- Monitor and evaluate processes for collection and assessment of internal and external complaints.

- Provide risk management considerations associated with development of strategic plans

- Manage the corporate risk and control assessment reporting process as well as manage and maintain infrastructure elements (e.g., risk management reporting, including reporting to senior management).

- Make recommendations on complex risk issues or products, deal structures, policy creation, etc.

- Assess stress testing impact of risk on portfolio value and capital and advises the business accordingly.

- Oversee the analysis and assess the impact of changes in macroeconomic indicators on portfolio/business performance, including scenario analyses

- Formalize corporate governance program for management committee charters, authorities, and policies

- Implement the security program's risk and control framework and global IT risk strategy.

- Ensure the risk management program is effectively integrated into product development and delivery methodologies.

- Support the Board and Risk Management Committee in its implementation, review and approval of the enterprise-wide risk governance framework which includes risk culture, risk appetite, and risk limits; ongoing monitoring of the risk-taking activities and risk exposures to ensure they are in line with the board-approved risk appetite, risk limits and corresponding capital or liquidity needs

- Coordinate risk management and reporting activities with respective responsible risk managers (e.g. Chief Operations Officer, Chief Finance Officer, Chief Information Officer, Company Secretary, and others as needed)

- Oversee Compliance functions for all departments

- Serve as a point of escalation for key issues or time sensitive decisions.

- Maintain strong relationships with regulators

- The position responsibilities outlined above are in no way to be construed as all encompassing. Other duties, responsibilities and qualifications may be required and/or assigned as necessary.

Experience and Background :

- Degree Accounting or Finance required, MBA from a premier institute

- Persons holding relevant risk related certification preferred

Experience :

- 10+ years experience in financial services industry, knowledgeable on banking laws and regulations as well as enterprise risk management and/or audit assurance related expertise

Competencies:

- Excellent communication skills, including ability to communicate effectively both verbally and in writing through presentations and individual discussions with directors, managers, and/or employees

- Ability to manage multiple priorities with strong organizational, management, and decision-making skills

- Independent judgment with strong analytical and risk assessment skills

- Proven track record of establishing, implementing, and using risk models.

- Future oriented, anticipates outcomes, decisive and results oriented.