Vice President – Chief Risk Officer, 10 to 15 years in Mumbai

Job Description

• To assist the Managing Director & CEO in monitoring preventive vigilance system in the Company.
• Develop and implement the Company’s Risk Management framework in a manner that fulfills the mission and strategic goals of the Company and mitigate the risks.
• Evaluating possible operational risks that may arise from human error or system failures, which might disrupt or affect business processes and develop different strategies to minimize risk exposure and designate appropriate responses for when human errors or system failures occur.
• Identification of Key Risk Indicators (KRIs), and additional top 10 risk other than KRIs and their mitigation, Also working out the threshold levels for the identified risks.
• Monitor and review risk related policies and procedures within the Company and ensure adherence to desired standards.
• Preparation of agenda items for RMCB, ECB & Board of Directors & attending to the observation of these Committees.
• Preparation of ICAAP & review of various policy manuals and introducing amendments, whenever required. And also carrying out half yearly review of changes in countries risk profile.
• Conducting risk assurance and due diligence on behalf of the Company in the event of mergers, acquisitions and business deals.
• To apprise the Top Management of the developments from time to time in the area of Risk Management as per the RBI, SEBI, Government Policies or policies of any other regulatory body.
• Formulation & renewal of policies (IT, IS, BCMS, Cyber Security etc.) and putting in place controls to mitigate risk.
• Evaluating the IT and cyber threat landscape.
• Arranging for all IT related Audits and compliances.
• Coordinating with regulatory authorities for IT Security compliances.
• Establishing appropriate security and governance practices.
• Enabling suitable IT/IS framework for managing risk and ensuring its compatibility with business operations in the challenging business environment.
• Any other work which may be assigned from time to time.