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The Role
Lead enterprise risk governance, assess and monitor operational, information security, business continuity and compliance risks; design mitigation and controls; conduct internal audits; ensure regulatory compliance and reporting; advise senior management and board; promote risk-aware culture and provide training.
Summary Generated by Built In
Risk Governance and Strategy:
• Develop and implement risk management policies, procedures, and frameworks aligned with the bank to its subsidiary’s objectives, risk appetite, and regulatory requirements.
• Define risk management strategies and ensure their integration into the overall business strategy.
• Provide guidance and direction to senior management and the board on significant risk issues.
Risk Assessment and Monitoring:
• Identify, assess, and prioritize risks across all
business units and activities, including
Information security risk, operational risk, business continuity and compliance risk.
• Implement robust risk measurement methodologies and tools to quantify and monitor risks effectively.
• Establish key risk indicators (KRIs) and triggers to enable early warning of emerging risks.
Risk Mitigation and Controls:
• Develop and implement risk mitigation strategies and controls to minimize exposure to identified risks.
• Ensure the adequacy of risk controls and procedures through regular reviews, testing, and validation.
• Collaborate with business units to implement remedial actions and enhancements to mitigate identified risks.
Regulatory Compliance:
• Stay abreast of regulatory developments and ensure compliance with relevant laws, regulations, and industry standards.
• Liaise with company secretary, Chief Financial officers and regulators on risk-related matters, examinations, and audits.
• Prepare and submit required risk management reports to regulatory authorities and the board.
Risk Culture and Awareness:
• Promote a strong risk culture across the organization by fostering awareness, accountability, and transparency.
• Provide training and educational programs on risk management principles and practices to employees at all levels.
• Encourage open communication and collaboration to facilitate the identification and escalation of risks.
Conducting Internal Audits:
• Plan and execute comprehensive internal audits to assess the effectiveness of financial, operational, and compliance controls.
• Evaluate the adequacy of internal controls and
recommend improvements to mitigate risks and
enhance operational efficiency.
• Review financial statements, accounting records, and other relevant documents to ensure accuracy and compliance with regulatory requirements.
Continuous Improvement:
• Participate in the development and enhancement of internal audit methodologies, tools, and processes.
• Provide training and guidance to staff on internal control practices and compliance requirements.
• Proactively identify opportunities for process
improvements and operational efficiencies.
The job description mentioned above is only illustrative and not exhaustive,
Jobs, in addition to the above mentioned, may be assigned from time to time for the above post.
Skills Required
- Develop and implement enterprise risk management policies, procedures, and frameworks
- Define and integrate risk management strategies with business strategy and risk appetite
- Identify, assess, and prioritize risks across business units, including information security, operational, continuity and compliance risks
- Establish and maintain risk measurement methodologies, KRIs, monitoring and reporting tools
- Design, review and validate risk controls; lead remediation and control enhancement efforts
- Plan and execute internal audits of financial, operational and compliance controls; review financial statements and accounting records
- Liaise with regulators, company secretary, CFO and the board; prepare regulatory and board risk reports
- Promote risk culture through training, awareness programs and cross‑functional collaboration
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The Company
What We Do
IndBank Global Support Services Limited (IGSSL) is a wholly owned subsidiary of Indian Bank that provides support and outsourcing services for banking operations. Incorporated in 2024, it covers retail assets, retail liabilities, agricultural assets, and MSME segments, initially focusing on home, mortgage, and vehicle loans. Its activities include product sourcing, collections, and planned call-center, back-end processing, and administrative support for Indian Bank.
