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AVP, VP- Risk Assurance

Mumbai Permanent View Job Description
The role will be responsible for implementing and managing central risk policies and committee TORs, ensuring alignment with regulatory expectations, and driving a culture of proactive risk management across the organization. This role will serve as a key liaison between the Risk function and internal/external stakeholders, including Audit, Compliance, and the Board.
  • Opportunity to work with a leading financial institution
  • Opportunity to work directly with the senior management

About Our Client

Leading NBFC player

Job Description

Policy Implementation & Oversight
* Develop, implement, and maintain central risk policies in alignment with enterprise-wide risk strategy.
* Ensure consistency and regulatory adherence across all Board-approved policies and Terms of Reference (TORs) within the Risk department.

* Risk Appetite Review and Monitoring

* Review of Risk Appetite Statement in alignment with enterprise-wide business and risk strategy.

* Monitor risk appetite limits across business units and escalate breaches to appropriate governance forums.

* Drive timely and effective remediation actions in response to breaches.

* Governance & Compliance

* Maintain and update the obligations register to track regulatory and internal compliance requirements.

* Monitor obligation compliance status and lead remediation efforts for any identified gaps.

* Audit & ICAAP Support

* Identify areas for strengthening based on internal and external audit findings.

* Support the Internal Capital Adequacy Assessment Process (ICAAP) through risk inputs, documentation, and governance alignment.

The Successful Applicant

10-14 years of experience in enterprise risk management, governance, or compliance roles

* Strong understanding of regulatory frameworks and enterprise risk practices.

What's on Offer

Opportunity to be a part of a leading NBFC

Quote job ref
JN-092025-6836046

Job summary

Function
Banking & Financial Services
Sub Sector
Risk Management
What is your area of specialisation?
Financial Services
Location
Mumbai
Job Type
Permanent
Job Reference
JN-092025-6836046

Diversity & Inclusion at Michael Page

We don't just accept difference - we celebrate it. We encourage applicants from all backgrounds to apply for this role and are committed to building inclusive, diverse workplaces where everyone can thrive. If you require any support or reasonable adjustments during the recruitment process, please let us know.