Head - Risk Management - BFSI

Head Risk

Job Summary :

- The Chief Risk Officer (CRO) is responsible for the development and implementation of a comprehensive risk management framework.

- This role involves identifying, assessing, and mitigating risks across the organization to protect its assets and ensure regulatory compliance.

- The CRO will work closely with the executive team and the board of directors to integrate risk management strategies with organizational objectives and foster a risk-aware culture.

Key Responsibilities :

Risk Management Framework :

- Develop and maintain an enterprise-wide risk management framework that identifies and evaluates risks, and implements mitigation strategies.

- Establish risk policies and procedures to guide risk management activities.

Risk Identification and Assessment :

- Identify potential risks that could impact the organization's operations, including financial, operational, strategic, compliance, and reputational risks.

- Conduct regular risk assessments and develop action plans to mitigate identified risks.

Risk Monitoring and Reporting :

- Monitor the organization's risk environment and track risk exposure levels.

- Prepare and present risk reports to the executive team and the board of directors, including risk assessments and mitigation progress.

Regulatory Compliance :

- Ensure the organization complies with relevant laws, regulations, and industry standards.

- Oversee the implementation of compliance programs and internal controls to mitigate regulatory risks.

Crisis Management :

- Develop and implement crisis management plans to respond to potential disruptions and emergencies.

- Lead the organization's response to major risk events and incidents.

Internal Controls and Audit :

- Collaborate with internal audit to ensure effective risk-based auditing processes.

- Implement internal controls to prevent and detect fraud, errors, and other risks.

Policy Development :

- Develop and update risk management policies, including risk appetite and tolerance guidelines.

- Ensure risk policies are communicated and enforced throughout the organization.

Stakeholder Collaboration :

- Work closely with business units to integrate risk management into strategic and operational planning.

- Build relationships with external stakeholders, including regulators, auditors, and risk management professionals.

Qualifications :

Education :

- Bachelor's degree in Risk Management, Finance, Business Administration, or related field.

- Master's degree or advanced certifications (e.g., CRM, CFA, FRM) are preferred.

Experience :

- Minimum of 10-15 years of experience in risk management, compliance, or a related field, with at least 5 years in a senior leadership role.

- Proven track record in developing and implementing risk management frameworks in a complex, multi-national organization.

Skills and Competencies :

- Deep understanding of risk management principles and practices.

- Strong knowledge of regulatory requirements and compliance standards.

- Excellent analytical and problem-solving skills, with the ability to assess complex risk scenarios.

- Exceptional leadership and communication skills, capable of influencing and engaging stakeholders at all levels.

- Experience with risk management software and tools.

Key Attributes :

- Strategic thinker with the ability to integrate risk management into broader business strategies.

- Proactive and results-driven, with a commitment to fostering a risk-aware culture.

- Strong ethical standards and integrity, with a focus on transparency and accountability.

- Ability to work in a fast-paced, dynamic environment and manage multiple priorities effectively.