Head - Risk & Audit - CA - BFSI

Job Title : Head - Risk & Audit

Reports to : Executive Director - Sales & Support Services

Qualification : Should be a Chartered Accountant

Primary Responsibilities :

- To provide the framework and professional guidance to business units/senior management for them to consider, identify, assess, mitigate, and report on risks confronting the company

- To provide assurance to stakeholders, including management (company and parent), clients, and regulators;

- Manage risk introduced through change, including new product offerings, new initiatives

- Develop and implement standardized policies and procedures

- Performing data analysis and process reviews and identify threats and vulnerabilities if any

- Reviewing control framework in place for its effectiveness

- Performing control assessment and reporting weakness if any including followup with process owners for corrective measures.

- Assessing the adequacy of systemic controls both in operation and Infrastructure

- Development of measurement methodologies relating to different services and exposures

- Reporting on risk management in accordance with the guidelines that set up the committee

Coordination with the auditors (both internal and external ) and other teams :

- Liaising with the auditors on the requirements

- Follow up with the teams for closure

- Reviewing the responses for its adequacy and discussing the same with Internal Customers and Executive Committee members wherever applicable

Managing the team :

- Handling the team of 5-6 members

- Overseeing the work of the team members

- Highlighting any anomalies to the respective teams

Reviewing and analyzing incidents :

- Verifying the correctness of the risk classification and the level of risk in line with the Risk and Compliance Policy

- Conducting incident review meetings on a weekly basis.

- Alerting management immediately in case of any serious concerns.

- Presenting risk analysis reports on a periodic basis as focus areas for management.

- Work extensively with concerned teams to provide solutions for existing and new issues.

- Responsible for creating efficiencies in existing processes

Skills & Specifications :

- Good command over organizational activities and associated risks both at micro and overview level and the ability to prepare and present policies governing the same. The ability to methodically outline organizational approval and risk control procedures

- Strong analytical and interpreting skills or exposures data, and related market knowledge, so as to discern and present risk

- Strong presentation skills, and ability to effective relate with external and internal parties, in obtaining data/information/views, and the dissemination of policy prescriptions and risk management recommendation

- Experience and ability to build and manage a team of risk professionals

Qualification : Should be a Chartered Accountant

Work Experience : 10 -15 years preferably from BFSI/Mutual Fund/RTA background

- Will involve travelling

Location: Chennai