Assistant Vice President – Risk & Finance (AVP – Risk)

Company: PSB Alliance Pvt. Ltd.

Location: Wadala

Department: Finance & Risk

Experience:8 to 9 years

Reporting To: Chief Finance and Risk Officer

Role Summary The Assistant Vice President – Risk & Finance will be responsible for strengthening and overseeing the organization's Risk Management Framework, governance practices, risk identification, mitigation, monitoring, and reporting. The role will support the Board and Chief Finance and Risk Officer in developing risk policies and ensuring alignment with regulatory requirements and business objectives.

Key Responsibilities

1. Risk Framework & Governance

- Support the development and review of risk policies and procedures.
- Strengthen risk governance mechanisms, escalation matrices, and review protocols.
- Ensure alignment with organizational risk profiles and regulatory expectations.

2. Enterprise Risk Management (ERM)

- Design and implement risk assessment methodologies.
- Manage operational, financial, technology, cybersecurity, strategic, and business risks.
- Maintain and update enterprise risk registers.

3. Risk Mitigation & Internal Controls

- Develop risk mitigation strategies.
- Strengthen internal control frameworks.
- Conduct control testing and effectiveness reviews.
- Recommend process improvements to reduce risk exposure.

4. Policy Formulation & Implementation

- Draft, review, and update risk-related policies and SOPs.
- Ensure effective implementation of approved policies.
- Monitor compliance and recommend corrective actions.

5. KRIs & Risk Monitoring

- Design and implement Key Risk Indicators (KRIs).




- Establish compliance monitoring mechanisms.
- Track risk metrics and early warning indicators.
- Prepare dashboards and MIS reports for management review.

6. Risk Reporting & Finance Support

- Prepare risk reports for senior management and Board discussions.
- Maintain mitigation tracking frameworks.
- Support finance and accounts functions, including reviews, reconciliations, and process improvements.
- Act as Convener of the Product Approval Committee.
- Oversee accounting and tax compliance activities.

Qualification & Experience

Education

- CA or MBA (Finance) – Mandatory
- FRM preferred
- Additional qualification in Compliance is an advantage.

Experience

- 8–10 years of experience in Risk Management, particularly Operational and Technology Risk.
- Preferred background in Banks, NBFCs, or FinTech organizations.
- Experience in financial accounting, reconciliations, financial statements, and tax compliance.

Key Skills
- Enterprise Risk Management (ERM)
- Risk Governance & Compliance
- Operational & Technology Risk Management
- Internal Controls & Audit
- KRI Development & Monitoring
- Financial Accounting & Tax Compliance
- MIS Reporting & Stakeholder Management
- Strong documentation and analytical skills
- Knowledge of GRC tools preferred.

Expected Outcomes
- Strong enterprise-wide risk governance framework
- Improved internal controls and compliance
- Effective risk monitoring and reporting
- Proactive risk mitigation culture
- Robust finance, accounts, and tax compliance processes.

Pay: ₹50,000.00 - ₹60,000.00 per month

Advantages

- Provident Fund

Work Location: In person

📌 Risk & Finance (AVP – Risk) (Wadala)
🏢 scymes services pvt
📍 Wadala