Assistant Manager - Enterprise Risk Management

Summary:
Assistant Manager - ERM is responsible for supporting stake holders in implementing the risk management framework across the Group entities. The main objective of this role is to identify operational, strategic, business and enterprise-level risks for Group entities and ensure that appropriate controls are in place. He/she is responsible to ensure that the risk reviews scheduled in the operational plan are done and that the complete details are updated in the risk registers and risk score card. He/she will assist in managing communications related to risk management matters with stakeholders.

Job Responsibility:

Overall strategic

• Assist in executing the operational plan for Enterprise Risk Management for Group

• Identify and analyze Enterprise-level risks for various businesses of the Group and propose controls along with treatment plans to manage the risks.

• Assist in assuring and controlling the quality and updation of the Risk Management Framework and policy;
  
  Operational

• Identify and review risks in the assigned business / departments to prepare risk register for each function / department by undertaking discussions with Process/ risk owners.

• Analyze risks with respect to the likelihood and impact assessment matrices.

• Design and recommend risk mitigation plans to reduce risk, including business continuity and contingency plans.

• Engage risk owners in risk treatment discussions to build consensus around immediate actions to meet objectives and deliver value.

• Review risk treatment plans to ensure their effectiveness and completeness of their details, which include the actions description, action owners, planned completion dates and method of measuring progress;

• Continuously track risks, key risk indicators (KRIs), and report findings and performance to senior management and stakeholders.

• Identify room for improvement in the Risk Management Framework and policy with reference to lessons learned, industry best practices and international standards;

• Monitor and update department-wise risk register based on agreed frequency;

• Educate employees and management on risk awareness and procedures.