Risk Manager will play a pivotal role in managing and mitigating risks across the organization. This includes overseeing Operational Risk Management (ORM) processes, reviewing risk submissions, and administering contract-related risk assessments. The individual will work closely with cross-functional teams to ensure compliance with corporate policies, identify potential risks, and implement strategies to safeguard the organization’s interests.
This role requires a proactive individual with strong analytical skills, attention to detail, and the ability to communicate effectively with stakeholders at all levels.
Key Responsibilities
- Oversee the ORM (operational risk management) framework and ensure its effective implementation across all business units.
- Maintain and update ORM tools, templates, and processes to align with corporate policies and industry best practices.
- Provide training and guidance to teams on ORM processes and risk identification techniques.
- Monitor and report on key risk indicators (KRIs) and ensure timely escalation of critical risks.
- Conduct regular reviews of ORM submissions to ensure completeness, accuracy, and compliance with established guidelines.
- Evaluate submissions to India Risk Committee from various departments, ensuring alignment with organizational risk tolerance and policies. Identify gaps, inconsistencies, or potential issues in submissions and provide actionable feedback to stakeholders. Collaborate with project teams, legal, and compliance departments to address identified risks and recommend mitigation strategies. Prepare detailed risk assessment reports for senior management, highlighting key findings and recommendations.
- Review and assess contracts for risk exposure, including indemnities, liabilities, and insurance requirements. Collaborate with legal and commercial teams to negotiate and mitigate contractual risks. Maintain a centralized repository of contracts and associated risk assessments for easy reference and tracking. Ensure compliance with contractual obligations and monitor adherence to risk-related clauses. Provide guidance on contract risk management to project managers and other stakeholders.
- Maintain risk management policies, procedures, and documentation. Conduct regular risk assessments and audits to identify emerging risks and ensure ongoing compliance. Support the development of risk mitigation strategies and contingency plans. Act as a liaison between internal teams and external stakeholders on risk-related matters. Stay updated on industry trends, regulatory changes, and best practices in risk management. Coordinate with the IRC members and the EUR&I Risk Committee on approvals.