General Manager - Enterprise Risk Management

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:

- 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