Risk & Assurance Manager

This role is for one of Weekday's clients Salary range: Rs 2500000 - Rs 4000000 (ie INR 25-40 LPA) Min Experience: 10 years Location: India JobType: full-time Requirements About the Role: We are seeking a highly skilled and experienced Risk & Assurance Manager to lead and enhance the organization's risk governance and assurance framework. The ideal candidate will have a strong foundation in Operational Risk Management (ORM) , Group Risk , Internal Audit , and Risk Governance practices, particularly within the BFSI sector. This role is pivotal in ensuring a proactive risk culture, compliance with regulatory requirements, and implementation of robust risk controls across the organization. Key Responsibilities: Risk Governance & Group Risk: Design and implement an enterprise-wide risk governance framework in alignment with group-level risk strategy. Drive the integration of risk management with business strategy and objectives. Collaborate with Group Risk teams to ensure alignment of policies, processes, and risk reporting standards across entities. Monitor emerging risks, regulatory changes, and industry trends to adjust risk frameworks accordingly. Operational Risk Management (ORM): Establish and maintain the operational risk management framework, tools, and reporting mechanisms. Identify, assess, monitor, and mitigate operational risks across all business functions. Conduct Risk and Control Self-Assessments (RCSAs), scenario analyses, and Key Risk Indicator (KRI) tracking. Oversee incident management, root cause analysis, and remediation plans to prevent recurrence. Internal Audit & Assurance: Plan, execute, and manage the internal audit program covering key risk areas across departments. Conduct independent reviews of control systems, processes, and procedures to ensure integrity, efficiency, and compliance. Provide assurance on risk controls and recommend process improvements for enhanced control effectiveness. Coordinate with external auditors and regulators, managing expectations and facilitating timely submissions. Compliance & Regulatory Adherence: Ensure compliance with regulatory frameworks, including RBI, SEBI, IRDAI, and other financial regulators, as applicable. Prepare risk reports for senior management and regulatory bodies with actionable insights. Manage regulatory audits and inspections with timely and accurate information dissemination. Policy Development & Implementation: Develop and review risk management policies, procedures, and guidelines. Ensure policies are embedded across operations, supported by training, tools, and monitoring mechanisms. Stakeholder Engagement: Work closely with senior leadership, department heads, and risk owners to promote a risk-aware culture. Provide risk advisory support during new product launches, system implementations, or strategic decisions. Key Requirements: Chartered Accountant (CA) with a minimum of 10 years of experience in Risk Management, Assurance, Internal Audit, or related roles in the BFSI sector. Deep understanding of Risk Governance, Group Risk Management, and ORM frameworks. Sound knowledge of regulatory expectations and internal control best practices. Proficiency in audit methodologies, risk assessment tools, and risk reporting systems. Strong analytical, problem-solving, and communication skills. Proven experience in engaging with senior stakeholders and regulators Show more Show less