465 Enterprise Risk jobs in India

Competencies/Requirement :

• Atleast 5-7 years in financial risk/Enterprise Risk controls
• General Insurance experience is preferred
• Must be CA or Engineering + MBA along with FRM -1 or Certification in Risk Assessment
• Must be working in Enterprise Risk control

Job Description:

• Manage and report exception - incidents and conduct root cause analysis
• Perform portfolio and product-level risk reviews.
• Communicate and mitigate emerging risks of financial risk with different stakeholders/functions
• Conduct control testing and stress testing.
• Recommend risk-reward strategies.
• Monitor solvency and vendor credit risk.
• Solvency/capital monitoring and credit risk assessment of vendor

Role-Chief Risk Officer

Grade-SVP

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.

Job Location - Marol (Mumbai)

1. Responsible for Financial and Operational Risk related Reporting to Region/Group

2. Adoption and Implementation of Generali Group Policies and Guidelines

3. Carry out annual Operational Risk Assessment (ORA) and Main/Emerging Risk Self Assessment (MRSA)

4. Monitor and control Key (Top) Risks and Focused Business Risks (FBRs) and drive improvement in governnace standards

5. Review and finalise RCSA of each function and obtain approvals from various function heads

6. Prepare Risk Opinion on Business case on investment instruments/limits, Capital infusion plan/proposals and Intra group transactions

7. Carry out risk assessment related to onboarding of new partners and vendors

8. Prepare Risk Management Committee (RMC) deck and minutes, ensure timely closure of actionables of committee meetings

9. Monitoring and Control of Regulatory/Group/Risk Appetite Framework (RAF) Limits

10. Carry out engagement with various functions, ensure risk identification is thorough and necessary contols in place are effective in mitigating risks

Project Related Skills -

Coordinating with various enterprise and sales functions & Internal audit.

Ability to prepare reports/presentations for facilitating discussions at various levels vizzz. Leadership Team, Management Sub Committees, Board committees, Regulatory Requirements etc.

Education and Experience

B Tech, CA, MBA and desired Certifictions (FRM, IRM, PRMIA)

2-5 Years Experience in Insurance/Financial Services/Consulting/Risk/Audit

Analytical mindset & skills

Qualifications & Experience:

• Experience: Must have at least 12 years or more experience in systems implementation of which at least 4 years is in leading technical team.
• Excellent knowledge of programming languages like .NET, Java and Python.
• Strong knowledge and experience in Cloud environment (AWS & Azure).
• Experience with model risk governance or validation processes is a strong plus.
• Capable of leading technical discussions, workshops, and solution reviews.
• Strong knowledge and working experience on different RDMS platforms (Oracle, SQL Server, PostgreSQL) and non-relational platforms.
• Experience of working with Risk Domain (such as Credit Risk, Fraud Risk, Operational Risk, Liquidity & Market Risk & Risk Modeling) would be an advantage.
• Ability to multitask and work under pressure.
• Good leadership skills coupled with strong communication and decision-making ability.
• Highly motivated and willing to learn new technologies and industry trends.
• Self-initiative and drive for positive and successful outcomes.

Interested candidates please share your resume with

Job description

Job Location - Riyadh, Saudi Arabia

Our budget for this position is 7,000 USD or 6.2 Lakhs INR per month (tax-free). Please apply only if you fall in the given criteria.

As the Director of Enterprise Risk Management, you will be responsible for leading company's advisory practice in the financial risk advisory. The role requires proven expertise in risk modeling, regulatory compliance, policy design, and governance, with a strong emphasis on GCC markets. A solid understanding of Basel frameworks (Basel III/IV), IFRS9/CECL, and Pillar 1 capital computation.

You will lead high-profile client engagements across the financial services industry, provide strategic insights, and deliver innovative solutions to meet evolving regulatory and business challenges. This position also entails overseeing teams, driving business development, and collaborating with senior stakeholders to align risk management strategies with organizational objectives.

Extensive experience in assisting multiple large banks and leading teams in the implementation and validation of diverse risk models, including IFRS9, Stress Testing, and Basel III/IV frameworks (FRTB, CVA, IRB, IRRBB, and ICAAP). Expertise spans across credit, market, liquidity, and operational risk models.

Lead engagements to develop/validate rating models for different segments such as LCM, NBFC, and CF basis different quantitative tests such as Gini, KS, PSI, Binomial, HHI, and Type I, II error as well as qualitative factors as per BCBS 14 and other industry practices.

Lead the development, validation, and implementation of IFRS9/CECL-compliant credit risk models, including Probability of Default (PD), Loss Given Default (LGD), Exposure at Default (EAD), and Expected Credit Loss (ECL) computation for banks and financial institutions across GCC, USA, and UK.

Oversee the validation of market risk models such as Value at Risk (VaR), Stressed VaR (SVaR), and Expected Shortfall (ES) for various asset classes.

Assist central banks in conducting risk-based supervision, including compliance reviews and developing risk management strategies for supervised entities.

Monitor and guide the execution of Internal Capital Adequacy Assessment Processes (ICAAP) and Internal Liquidity Adequacy Assessment Processes (ILAAP), ensuring effective deliberation at management and board-level risk committees.

Responsible for developing and implementing Enterprise Risk Management (ERM) policies and establishing a robust governance structure through collaboration with various stakeholders of the bank.

Guide the production of risk reports for senior stakeholders, demonstrating alignment with regulatory and organizational objectives.

Responsible for monitoring and reviewing all tools, methodologies, policies, and procedures developed by risk management teams, and facilitating their approval by the Board/Executive Risk Management Committees.

Supervise the creation and validation of pricing models for both vanilla and exotic products, ensuring compliance with regulatory requirements and industry best practices.

Conduct end-to-end validation of models built on tools like R, Python, SAS, and ensure alignment with Basel standards.

Compute fair value of derivatives and other financial instruments using independent models and market data, ensuring compliance with accounting and regulatory requirements.

Develop and validate discounted cash flow models and other valuation methodologies for risk assessment and pricing purposes.

Lead the development of comprehensive Risk Control Self-Assessments (RCSA), Key Risk Indicators (KRI), and risk mitigation strategies.

Oversee the identification of operational risks, development of business line risk libraries, and monitoring of loss events.

Implement and validate risk management systems, including Murex, Calypso, Moodys, and SAS, to enhance risk infrastructure and analytics capabilities.

Way of working - Office: Employees will come to the office twice or thrice a week at their base location and work remotely for the remaining days. Eg: Partner facing roles.

Skills requirement

• CA / IRM with 10+ years experience of setting up and/or running Enterprise risk management function for a reasonable size FMCG/manufacturing company. Alternatively at Mid management level in a large FMCG working directly with Enterprise Risk Leader.
• Strong knowledge of risk management methodologies, tools, compliance frameworks, and internal control practices.
• Experience in a complex and multi-business organizational environment is preferred.
• Excellent leadership, communication, and interpersonal skills to collaborate with stakeholders at all levels.
• Ability to understand business, analyze complex issues, exercise sound judgment, and provide practical solutions.
• Demonstrated experience in driving change and continuous improvement initiatives.
• Operating and collaborating effectively with diverse teams across the org and embracing the views of others to develop optimal solutions
• A working knowledge of information technology, particularly how systems and applications integrate with business processes and operations.

Roles and responsibilities:-

Overall

• Candidates will be responsible for effective implementation of risk management frameworks and risk culture through ownership of policies, processes, thresholds and controls that would enable prompt risk identification, accurate risk measurement and effective risk mitigation.
• Implementing an overall risk management process for the organization that includes conducting and assisting in the identification, assessment, monitoring and mitigation of risks throughout the group.
• Analyze and report risk profile and control performance, and benchmark processes against regulatory requirements, Company standards and industry best practices to develop and improve the Company risk management framework.
• Ensure the business manages all types of risk within agreed statements of risk appetite. Embed the risk appetite statement and risk limits into their day-to-day activities so as to embed prudent risk taking into the Company's risk culture and day to day management of risk.

Risk register and KPIs

• Develop risk registers for all the material BUs based on the designed risk management framework
• Operationalize the risk register into measurable business KPIs. Put in place digitisation plans for tracking such measurable KPIs. Establish an early warning or trigger system for breaches of the company's risk appetite or limits;
• Annual refresh of the risk registers across all business units. Monitors and analyzes risks within the company's business units and reports action planning on these risks to the management and Committees.
• Drive automation/ process efficiency in managing risk registers and monitoring KPIs identified to help business understand early signals and take action

Leadership and management

• Set up a monthly/ quarterly review to identify new and emerging risks with the key business leaders and create an effective review cadence.
• Liaise with leadership and senior managers to identify risks in their business areas, and agree the controls required to mitigate each risk.
• Be part of key business reviews and understand overall business risk landscape
• Prepare & analyze various reports / Deck for the various committees, top management and other stakeholders.

Board and Risk Management Committee

• Preparation of all agenda items for Risk Management Committee.
• Develop qualitative and quantitative risk reporting dashboards for Board Risk Management Committee to support effective decision making

Compliance

• Ensures the organization's risk management policies and strategies are in compliance with applicable regulations, standards, and strategic imperatives of the organization.
• Ensure compliance with company's policies and reviewing the effectiveness of controls designed to address risks
• Review of amendments in policies and standard operating procedures (SOPs)/risk control matrix related to Financial, Operational, Reputational, market and other risks

KRAs

• Drive Implementation of ERM policy, processes, and various risk initiatives within the organization as required under SEBI LODR, Companies Act and other applicable laws and regulations
• Support and Contribute to continuous improvement and maturity of the Enterprise Risk Management (ERM) framework, policy, and processes.
• Identify risks and their mitigation for various functions/departments and liaison with different stakeholders to facilitate resolving the issues/risks via updated risk registers and reporting to the management and Board risk management committee
• Perform Risk assessments and periodically review risk policies, procedures across business,frameworks to ensure risk register and overall risk management is upto date
• Implement emerging risk management practice to ensure robust risk management within the organization