Assistant Manager - Risk Management Job Details | Tata Consumer Products Limited Select how often (in days) to receive an alert: Select how often (in days) to receive an alert:
Assistant Manager Enterprise Risk Management
What are the Key Deliverables in this role
Overview:
Play a critical role in deployment of the ERM road map developed by Director-ERM and approved by the Risk Management Committee (RMC) of the Board. Refresh the road map on an annual basis or longer based on the business changes, regulatory update, and Board expectations.
Key Responsibilities:
Deploy the Risk Management Charter and Policies developed & approved by the RMC.
Develop the risk register for each region by closely engaging with various business heads, functional heads, functional managers etc. to include different types of business context evolution, related risks, risk drivers, mitigation plans and impact assessments. The risk registers are developed by the risk team via the risk engagement process with business stakeholders at various levels - business unit/regional levels, and global levels.
Engage with the business to develop risk mitigation KPIs and monitor those KPIs by periodic review with adequate root cause analysis and enhancement in mitigation plans to achieve those KPIs.
Track the relevant regulatory changes and based on that initiate new frameworks to comply / influence the business to comply with these changes. E.g. Cyber security risk assessment, Business continuity management, External risks tracking etc.
Strengthen embedding the ERM for business workflow across business domains
Integrate deliverables from special engagements that are driven by the Director-ERM such as Food safety risks, Commodity risk management etc.
Support in conducting series of alignment meetings with the country and regional heads including the Presidents, CFOs to finalize deliverables that will be presented to EO and RMC.
Facilitate in implementing follow-up mechanism enabling periodic follow-up and reporting Mitigation plan status to ExCom and RMC using ERM for business system.
Follow-up on the progress of the strategic mitigation plans that have been signed off by the business management from time to time and develop the mitigation score card. Align the risk mitigation score card with the business management including Regional President and the CFO before presenting to the EO.
Assist Director-ERM to prepare deliverables for the Risk Management Committee.
Roll out other initiatives approved by the Director-ERM such as launch of the Risk tool, awareness sessions with business owners on emerging risks, workshops, surveys to identify, consolidate and prioritize risks from time to time.
Share the Risk evolution newsletter or communication within the organization to send early warning signals on some events that could have implications on the organization s risk environment.
What are the Critical success factors for the Role
- Candidate with a total experience of at least 3-5 years in FMCG/Consulting of which at least 1-2 years spent in Risk management role.
- A recognized full time PGDM/MBA (From leading B-schools). Experience in strategic enterprise risk management or elaborate qualification in risk management.
- Preference will be given to candidates from industries dealing with Branded F&B and the organization should have considerable level of business process and governance maturity, so there could be sharing of outside in ideas and good practices.
- Preferred to have played a key role in Risk management function of the company.
- Ability to develop risk registers, articulate this in regional business meetings and persuade the regional senior business stakeholders on both the criticality of risks and mitigations that are yet to be deployed/missing, mitigations that are less effective the - both in a detailed manner and as a executive synthesis.
- Has experience of understanding strategic objectives, growth drivers and key metrics of varied businesses such as Category shifts, brand, retailer, consumer etc.
- The ability to analyze and interpret strategic data of the business to frame hypothesis on various risks that would impact the next 5 years growth objectives
- Experience on commodity market and volatility risks may be a plus.
- Ability to interface seamlessly with the senior leadership of business within Tata Consumer products (India & International) including its subsidiaries & associates. Strong communication and interpersonal skills to provide recommendations in simple and concise manner to the senior levels of management.
- Working experience in SAP HANA / ECC environment
What are the Desirable success factors for the Role
Proficiency in using risk management software and technology for risk identification, reporting, and decision-making.
