Job
Description
Position Title: Associate Vice President Assurance and Risk Reporting To: Executive Vice President – Assurance and Risk Division / Department: Group Risk and Assurance Location: Pune HO 1. JOB PURPOSE Business Context: The Group Assurance and Risk function supports various entities in risk identification and management, including group-led projects. Drives consistency and standardization in accounting matters, disclosures, and technical areas across group entities. Reviews and aligns group-wide policies and SOPs with regulatory and governance standards. Assesses internal audit reports from group companies and recommends on scope, controls, and key observations. Ensures robust governance practices across entities. Supports research on strategic and corporate matters. Job Purpose: Review and recommend best practices in policies across entities, ensuring compliance with regulatory requirements. Evaluate and align SOPs with board-approved policies and assess their implementation. Provide recommendations on accounting and technical matters to maintain group-wide consistency. Review internal audit reports, identify risks, and recommend improvements. Identify governance gaps and lead initiatives to strengthen frameworks. Conduct research on valuation, market trends, regulatory landscapes, benchmarking, and provide insights for strategic decisions. 2. PRINCIPAL ACCOUNTABILITIES Policies, SOPs & Accounting Matters (60%) Review policies and SOPs across group companies; recommend best practices and ensure regulatory alignment. Ensure SOPs align with approved policies and assess their actual implementation. Harmonize compliance and risk policies across companies. Research technical and accounting matters; align disclosures across entities. Internal Audit Review (20%) Analyze internal audit reports and provide feedback on scope and coverage. Highlight risk areas and liaise with audit teams on potential issues. Assess preventive controls and suggest improvements. Governance Research & Recommendations (20%) Conduct in-depth research on valuation, regulatory trends, benchmarking, etc. Identify governance gaps and propose/lead improvement projects. 3. MAJOR CHALLENGES Coordinating across multiple entities and stakeholders. Adapting to fluid and expanding scopes of work. Managing diverse tasks and transitions seamlessly. Interpreting complex regulatory, accounting, valuation, and benchmarking requirements. 4. DECISIONS Key Decisions Made by Role: Identifying and recommending gaps in policies and SOPs. Highlighting risk and compliance areas based on audit reviews. Suggesting improvements in audit approach and preventive controls. Providing perspectives on research and technical/accounting matters. Recommending areas for governance enhancement. Decisions Recommended to Superior: Final stance on accounting/technical/research matters. Audit outcome assessments. Suggested policy changes across companies. 5. INTERACTIONS Internal: President/EVP – for planning and progress updates. Compliance, Secretarial, Risk, Legal, IT, Business & FPU teams – for reviews and coordination. Internal Audit and Risk Heads – for audit findings and related discussions. Other departments based on project requirements. External: Limited interactions with external advisors, when engaged. 6. DIMENSIONS Financial: No direct financial targets associated with the role. Other: Geography: Pune Team: One direct report (Manager level); extensive coordination with group companies. 7. SKILLS AND KNOWLEDGE Education: Chartered Accountant (C.A.) Company Secretary (preferred) Skills: In-depth experience with regulatory compliance, policy formulation/review (esp. in lending/insurance sectors) Strong drafting, communication, and interpersonal skills Effective project management capabilities Experience: 10–12 years of post-qualification experience Strong understanding of compliance in financial services, accounting standards, economy, and industry landscape Practical knowledge of internal controls, risk governance, and business processes
