Team Member - Risk & Compliance Job in Aditya Birla Capital Ltd.

This role is focused on strategically driving various initiatives in Risk Management and Compliance function includes identification, monitoring & reporting of all activities pertaining to risk (process, operational & strategic) and executing Compliance Monitoring plans & closure as per the timelines. The role also manages awareness, communication on risk, training needs on risk management for functional SPOCs and branches.

Regulatory Compliance

• Keep up to date with regulatory changes in a proactive manner, and review internal compliance requirements periodically to ensure alignment with changes
• Liaise with key regulatory stakeholders to drive alignment of ABIBL approaches with the regulatory framework, and maintain strategic relationships with regulatory bodies
• Implementation of Compliance monitoring program covering compliance focus reviews, self-assessments & key compliance indicators across key functional areas for all line of business General and Reinsurance
• Evaluate various business models and advise stakeholders considering compliance and operational risk
• Oversee monitoring various compliance activities including regulatory reporting as well as quality of data which is submitted to regulator

Risk Management

• Prepare annual risk management plan by strategically focusing on key elements of Regulations, process changes and technology changes
• Execute risk monitoring plan focusing on functional reviews, key risk indicator testing and thematic reviews
• Preparing dashboard for Senior Management and CEO giving integrated update on Risk and Compliance.
• Schedule and conduct training programs for function SPOCs as well as branches on risk management
• Prepare and send out communications (eg. mailers, webinars, etc.) to create awareness on risk management and mitigation
• Review the policies periodically to ensure alignment with changes in business and regulations

Provide advisory support to functions around operational risks and risks associated with their business model and measures to mitigate the same

Process Reviews

• Review new and modified process with respect to change in business model / environment
• Identify, reporting and monitoring the new and emerging risk pertain to different business process and systems.
• Suggesting, advising and implementation of the best practices and the systems to mitigate the risk in the process.

Tracking and implementing the points pertains to regulatory risk & process .