Job Description

CRITICAL EXPERIENCE 8 years experience in Enterprise Risk Management. Candidate would be responsible for mitigating those business risks that can impact a firms profitability. This professional will also deal with enterprise risk management issues, reducing those risks that can shut down operations.Chief Risk Officer has to work through department managers to adjust policies and procedures for risk reduction purposes.JOB DESCRIPTION/ RESPONSIBILITIESThe Chief Risk Officer position is 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: Create an integrated risk framework for the entire organization
Assess risk throughout the organization
Quantify risk limits
Develop plans to mitigate risks
Advise on directing capital to projects based on risk
Assist functional managers in obtaining risk mitigation funding
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 Provide regular and ad-hoc reports to MD & CEO, Risk Management Committee (RMC) and the Board of Directors on the status of risk management activities.
Member of various committees like Expenditure Committee, Product and Service Risk Committee, Investment Committee etc.
Develop and implement an organization-wide risk management strategy that aligns with the company's goals and objectives and support to all CXOs in developing appropriate mitigation plans
Regularly assess and identify potential risks, both internal and external, that could impact the organization.
Establish and enforce risk mitigation policies, procedures, and controls across the organization.
Develop and maintain a robust risk management and RCSA framework, including risk appetite, tolerance, and limits.
Monitor and ensure compliance with all relevant laws, regulations, and industry standards.
Communicate risk exposure and mitigation strategies effectively to all stakeholders.
Collaborate with department heads to identify and address risks within their areas of responsibility.
Foster a culture of risk awareness and accountability throughout the organization.
Build and lead a high-performing risk management team and risk awareness initiatives in organization
Provide mentorship and guidance to team members to enhance their skills and expertise.

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