Overview
Lead- ORM and ERM Jobs in India at Aditya Birla Group
Job Purpose
The role is responsible for developing defining, implementing and monitoring Enetrprise Risk management & Operations Risk management policy & process framework to ensure that the organisational objectives are achieved within the given risk appetite defined by the sh
Job Context & Major Challenges
The external environment is changing at a fast pace impacting the risk framework for BSLI which is making the risk frame work more fluid and making it difficult to keep a pace with the same.
Implement Risk Management initiatives across BSLI in an ever expanding and dynamic environment.
The business environment is changing at fast pace. To keep pace with this change internal operations needs to be aligned. The repeated changes make it difficult to carry out relevant risk evaluation.
The external environment & business compulsion makes it difficult to mitigate or mange all operational risk.
Data collection for proactively identifying & monitoring operations risk is a challenge.
Data collection for building risk models is a core activity for which the function has to depend on the other function of the organisation. Getting correct and timely data is a challenge.
Ensuring uniform and complete organization wide awareness on risk Management in times of Rapid expansion of business and new products and services being launched
Given the geographical span covering various branches and Zonal Offices, with some very high risk branches, making people aware of their roles & responsibilities with respect to Information security
Key Result Areas
KRA (Accountabilities) (Max 1325 Characters)
Supporting Actions (Max 1325 Characters)
KRA1 Design and ensure implementation of a comprehensive Operational Risk Management framework
1.Analyse Operational Loss data and basis findings create and release Operational Loss report
Drive analysis, creation and release of Key Risk Indicators reports
Drive analysis, creation and release of Process risk assessment report
Drive closure of ORM actionable within TAT
Drive the collation & validation of Risk & Control Self
Assessment testing results of all functions to ensure completeness and quality
Drive ORM trainings across functions
KRA2 Design and ensure implementation of a comprehensive Enterprise Risk Management framework
1.Drive and ensure implementation of the ERM framework.
Assist business functions in the risk identification process.
Drive quarterly review/updates of action plans for Key Risks.
Review heat maps for Risk Assessment
Carry the risk reporting element through Risk Scorecard
KRA3 Formulate pertinent Risk Management policies, guidelines and best practices with monitoring and reporting mechanisms.
1.Roll out required risk management policies, collaboratively with applicable and pertinent functional heads.
Carry policy certification on a quarterly basis
Provide input to the annual risk management testing plan (RMT) and conduct testing of compliance to Risk Management Policies
Design and implement best practice projects such as Information Classification policy and record retention policy to ensure that business practices are carried on with the objective of achieving process excellence within the overall guidance of risk management policies and guidelines
KRA4 Initiate New Risk Management Projects To Oversee Risk Assessment Process In Key Business Initiatives In Lines With The Risk Maturity Model
1.Carry On Risk Management Initiatives Such As
Product Risk Assessment
Process Risk Assessment
System Risk Assessment
Outsourcing Risk Assessment
New business initiative risk Assessment
Make decisions on risk management issues that impact strategic direction of BSLI
Providing independent view regarding proposed business plans and transactions
Work with business units to establish, maintain and continuously improve risk management capabilities
With an objective that risk management is inculcated as a part of the business practices rather than a standalone activity and that business practices are carried on with a consideration of formal risk assessment.
KRA5 Develop framework for outsourcing
1.Develop framework for outsourcing of activities for BSLI
Evaluate the outsourcing arrangements from risk perspective
Get board approval for such arrangements
Monitor the performance of the vendor & report to the board committee
KRA6 Update The Board Level And Internal Risk Review Committee On Key Business Risks Of BSLI Through Committee Meetings And Risk Reporting
1.Keep The Risk Review Committee Informed To Present a Cohesive View Rather Than Segmented View On Risk Management Of
Current Business risks;
Risk management strategies to mitigate those risks;
An integrated response on potential risk issues and
New Risk Management initiatives
Implement appropriate risk reporting to the CEO, Risk Review Committee and Board
Performance metric design and implementation in order to ensure that Risk review committee is updated on overall business risks being managed within acceptable limit
KRA7 Drive awareness and culture creation 1.To develop a risk…
Title: Lead- ORM and ERM
Company: Aditya Birla Group
Location: India
Category:
