Risk Manager Business Controls & Regulatory Compliance
Department
None
Risk Manager Business Controls & Regulatory Compliance
Position Overview
We are seeking an experienced Risk Manager to lead business risk management initiatives across domestic business. This strategic role serves as a critical bridge between operational execution and executive leadership, ensuring robust business controls, effective stakeholder communication, comprehensive audit management, and proactive risk register oversight for both business and regulatory compliance.
Key Responsibilities
Business Controls Management
Design, implement, and maintain comprehensive business control frameworks aligned with risk appetite and strategic objectives
Establish and monitor key risk indicators (KRIs) and key control indicators (KCIs) to ensure control effectiveness
Conduct regular control assessments and testing to identify gaps and recommend remediation strategies
Partner with business units to embed risk-aware decision-making into operational processes
Develop and maintain control documentation, including policies, procedures, and process maps
Oversee control self-assessments (CSAs) and coordinate remediation of identified deficiencies
Leadership Stakeholder Management & Communication
Serve as the primary liaison between risk management functions and executive leadership, translating complex risk concepts into actionable business insights
Prepare and deliver executive-level risk reports, dashboards, and presentations for C-suite and Board committees
Facilitate risk discussions with senior stakeholders to align risk management strategies with business priorities
Manage expectations across multiple internal stakeholders, including Finance, Operations, Legal, Compliance, and IT
Lead cross-functional risk committees and working groups to drive risk culture and awareness
Communicate risk trends, emerging threats, and mitigation strategies in clear, business-focused language
Audit Management
Coordinate and manage internal and external audit activities, serving as the primary point of contact for auditors
Develop audit response strategies and oversee timely remediation of audit findings
Track audit recommendations and ensure closure of action items within agreed timelines
Prepare management responses to audit reports and present status updates to leadership
Maintain audit tracking systems and documentation to demonstrate compliance and control effectiveness
Partner with Internal Audit to provide risk insights that inform audit planning and scope
Risk Register Management
Own and maintain the enterprise risk register, ensuring comprehensive identification, assessment, and documentation of business and operational risks
Facilitate risk identification workshops with business units to capture emerging and evolving risks
Implement risk rating methodologies (likelihood and impact assessments) and ensure consistent application across the organization
Monitor risk trends and escalate significant risk exposures to senior management
Coordinate risk mitigation planning and track progress of risk treatment activities
Produce regular risk reporting for management review and decision-making
Regulatory Risk Management
Monitor regulatory landscape and assess impact of new and changing regulations especially related to DPDPA, SEBI Research Analyst Regulations.
Facilitate regulatory inspections and inquiries, managing documentation and response processes
Develop and implement compliance monitoring programs to ensure adherence to regulatory requirements
Partner with Legal and Compliance teams to interpret regulatory guidance and implement necessary controls
Track regulatory changes and communicate implications to relevant stakeholders
Governance Controls
Manage internal governance meetings, facilitate discussions with senior leadership, and track open action items to ensure timely resolution.
Manage product governance meetings and related actionables
Required Qualifications
Education & Experience
Master/Bachelors degree in Business Administration, Finance, Risk Management, or related field
7-10 years of progressive experience in risk management, internal controls, compliance, or audit
3-5 years in a managerial or leadership capacity
Experience in Financial Services, Research and Analytics, ITES preferred
Technical Skills
Working knowledge of risk management frameworks (COSO ERM, ISO 31000, NIST)
Experience with risk assessment methodologies and control testing
Advanced proficiency in Microsoft Office Suite, particularly Excel and PowerPoint for executive reporting
Data analysis and visualization skills (Tableau, Power BI) is a plus
Core Competencies
Executive Communication: Exceptional ability to distill complex risk information into clear, actionable insights for senior leadership
Stakeholder Management: Proven track record of building relationships and managing expectations across diverse internal audiences
Strategic Thinking: Ability to connect risk management activities to business strategy and value creation
Analytical Rigor: Strong problem-solving skills with attention to detail and data-driven decision-making
Project Management: Demonstrated ability to manage multiple priorities and deliver results in a rapid-paced environment
Influence & Collaboration: Skilled at driving change and fostering risk awareness without direct authority
Adaptability: Comfortable navigating ambiguity and responding to evolving business and regulatory environments
Open Positions
1
Mandatory Skills
Risk Management,Operational Risk Manager,Internal Control,Risk Assessment,Audit Management,Stakeholder Engagement,Regulatory Reporting
Education Qualification
Master/Bachelors degree in Business Administration, Finance, Risk Management, or related field
Experience
7 to 10 years
Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.
📌 Risk Manager Business Controls & Regulatory Compliance (Mumbai)
🏢 Crisil
📍 Mumbai