Vice President - Risk Management

Role: Chief Risk Officer.

Grade: VP.

Location: Chennai.

Job Summary

The role works proactively in identifying internal and external risks, building robust internal controls, risk reporting that impact direct and indirect processes/policies, understanding of various processes that will help identify emerging risks, multi-country Laws and Regulations to help build out the proper controls. Also a guardian of the digital universe enables digital innovation, while building cyber risk resilience leveraging risk technology to predict risk outcomes.

Duties and Responsibilities

• Accountable for the risk management operations of the company, to include the integration of risk concepts into strategic planning, and risk identification and mitigation activities.

Principal accountabilities are:

• Responsible to manage various risks Financial, Technology, Brand, Reputational, Legal, Business, Statutory & Regulatory, Compliance, Strategy, Program, Innovation and Operational risk.
• Create an integrated risk framework for the entire organization.
• Assess risk throughout the organization and quantify risk limits.
• Designs and implements methods for avoiding potential threats using available risk metric software and personal knowledge of the industry.
• Deliver regular risk analysis reports to company executives complete with actionable plans for avoiding or preventing potential threats at all levels.
• Advise on directing capital to projects based on risk and monitor the progress of risk mitigation activities.
• Create and disseminate risk measurements and reports .
• Communicate to key stakeholders regarding the risk profile of the business.
• Develop insurance strategies and financing techniques to appropriately deal with any unanticipated losses.
• Oversee all audits of accounting practices, safety measures, and compliance reports. Conduct regular risk assessments either through a team of risk management experts or personally.
• Manage and prepare all documentation related to risk assessments and reviews of standard operating procedures.

Required Skills / Abilities

• Must have extensive knowledge of finance and insurance strategies to build up preventative measures against potential losses.
• Must be a proven leader and manager, able to take charge and act assertively without guidance.
• Must have excellent communication skills, both written and verbal.
• Must possess knowledge of risk analysis, database management, risk metrics, and capital management.
• Strong knowledge of control frameworks and the ability to design and evaluate effectiveness of controls embedded within business processes.
• Knowledge of the risk and governance standards & Corporate Governance Principles.
• Extensive knowledge of legal requirements and compliance regulations.
• Must have strong interpersonal skills to manage large teams.
• Must be both a problem solver and a risk taker.
• Proficient with risk management, auditing techniques, and accounting standards and principles.
• Ability to work independently in a collaborative environment whereby you are flexible and able to leverage resources of other groups.
• Ability to work under pressure in a fast-growing environment.