Associate Vice President Assurance and Risk

The Associate Vice President - Assurance and Risk role in the Group Risk and Assurance division is key in supporting various entities in managing risks and ensuring compliance with regulatory requirements. By reviewing and recommending best practices in policies, aligning SOPs with board-approved policies, and evaluating accounting and technical matters, you will play a crucial role in maintaining consistency and standardization across group entities. Additionally, your responsibilities include analyzing internal audit reports, identifying risks, proposing improvements, and conducting research on strategic and corporate matters to provide insights for decision-making. Your principal accountabilities will involve reviewing policies and SOPs, ensuring regulatory alignment, harmonizing compliance and risk policies, and researching technical and accounting matters to align disclosures across entities. You will also analyze internal audit reports, provide feedback on scope and coverage, highlight risk areas, and assess preventive controls. Moreover, conducting governance research, identifying gaps, and proposing improvement projects will be part of your responsibilities. The major challenges you may face in this role include coordinating across multiple entities and stakeholders, adapting to changing scopes of work, managing diverse tasks seamlessly, and interpreting complex regulatory, accounting, valuation, and benchmarking requirements. In terms of decision-making, you will be responsible for identifying gaps in policies and SOPs, highlighting risk areas, suggesting improvements in audit approaches, and providing perspectives on research and technical/accounting matters. You will also recommend final stances on accounting/technical/research matters, audit outcome assessments, and policy changes across companies to your superior. Your interactions will primarily involve communication with the President/EVP for planning and progress updates, as well as coordination with Compliance, Secretarial, Risk, Legal, IT, Business & FPU teams, Internal Audit and Risk Heads, and other departments based on project requirements internally. Externally, you may have limited interactions with external advisors when engaged. This role does not have direct financial targets associated with it but requires extensive coordination with group companies and managing a team of one direct report at the Manager level. The ideal candidate will possess a Chartered Accountant (C.A.) qualification, with Company Secretary certification being preferred. Additionally, in-depth experience with regulatory compliance, policy formulation/review (especially in lending/insurance sectors), strong drafting, communication, interpersonal skills, effective project management capabilities, and 10-12 years of post-qualification experience are essential. A strong understanding of compliance in financial services, accounting standards, economy, industry landscape, internal controls, risk governance, and business processes is also required for success in this role.,