Key Result AreasActivitiesImpact on the Business / Function
1. All employees aware of the risk management framework
2. Business Risk Coordinators and management team aware of their responsibilities pertaining to risk management
3. Roll out risk training & awareness campaigns
4. Identify & train BRCMs and make them aware of their responsibilities pertaining to risk management
5. Build strong working relationships with Risk coordinators and function heads
6. Regular meetings with Function heads and BRCMs
7. Work with Business heads to identify their risks and challenges and assist with risk mitigation strategies
8. Continuous monitoring and review of the Risk Management framework
9. Provide necessary support in organizing the Risk Committee and other sub- committee meetings
10. Develop and maintain risk policies, metrics, reporting standards, and monitoring mechanisms.
Customers / Stakeholders
1. Integral part of forums like ICF
2. Conduct Risk reviews for recent projects and initiatives, channels, etc,
Leadership & Teamwork
1. Set up a framework for recurring risk assessment process
2. Implement and ensure timely testing / validation of Control self assessment(RCSA) in the organisation
3.
Set up a process for reporting and tracking of key incidents and losses
4. Implement a process for doing a root cause analysis for significant incidents and losses
5. Ensure timely tracking and reporting of KRIs for all functions including CAPA
6. Document and report to the ORIG and RMG on the findings of loss and incident assessments
7. Formulate, in conjunction with the associated departments, practical recommendations to mitigate adverse events reoccurring.
Operational Effectiveness & Control
1. Keep updated the TOR’s of the relevant Risk committee meetings and management groups
2. Drive Risk awareness campaigns across the organisation- induction trainings, class room sessions on specific topics such as Operational Loss, Risk Log preparation, RCSA, etc.
3. Monitor and enhance the enterprise KRI framework by reviewing indicators, performing sample testing and driving improvements.
4. Lead semi-annual refresh cycles for KRIs to ensure continued relevance and effectiveness.
5. Proactively identify control weaknesses in existing processes/framework and obtain consensus to initiate changes to strengthen controls wherever required.