Enterprise Risk Analyst

Invoicemart; Thane; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Invoicemart is seeking a Risk & Compliance professional to lead risk identification, assessment, and mitigation across multiple departments. The role involves monitoring risk indicators, coordinating with internal teams, and ensuring regulatory compliance.

You will also manage third-party risk and develop robust risk policies. The position requires strong analytical skills, experience in risk management, and the ability to communicate findings to senior stakeholders.

Responsibilities

• Identify and evaluate risks across departments.
• Develop risk assessment frameworks and methodologies.
• Conduct regular risk assessments to identify potential risks.
• Develop and implement risk mitigation strategies and action plans.
• Ensure risk controls and regulatory compliance.
• Coordinate with teams to address risk issues and corrective measures.
• Monitor risk indicators and prepare management reports.
• Manage third-party risk, assessments, and issues.
• Develop and update risk policies and procedures.
• Track early warning signals and present to management.
• Analyze credit signals and corporate financial news.
• Conduct UAT for ORM development; manage business continuity testing.
• Liaise with regulators and ensure timely reports.

Job description

Roles & Responsibilities

• Risk Identification and Assessment:
  - Identify and evaluate risks across various departments.
  - Develop risk assessment frameworks and methodologies.
  - Conduct regular risk assessments and reviews to identify potential risks.
• Risk Mitigation:
  - Develop and implement risk mitigation strategies and action plans.
  - Ensure the implementation of risk controls and compliance with regulatory requirements.
  - Coordinate with different teams to address risk issues and implement corrective measures.
• Monitoring and Reporting:
  - Monitor operational risk indicators and metrics.
  - Prepare and present risk reports to senior management.
  - Manage regular Risk meetings with senior Stakeholders and review RCSAs and KRIs.
• Third Party Risk Management:
  - Manage third parties, third-party contacts, external risk assessments and issues.
  - Identify potential risks associated with third-party interactions, such as cybersecurity vulnerabilities, non-compliance with regulations, operational inefficiencies, or financial instability.
  - Gather information security controls evidence from third parties.
• Policy Development:
  - Assist in the development and updating of risk policies and procedures.
  - Ensure policies are aligned with regulatory standards and industry best practices.
• Early Warning System:
  - Track EWS and present to the management.
  - Analyze signals for probable default on the platform.
  - Analyse credit ability of the corporates basis financials and market news.
• System Testing:
  - Conduct UAT for ORM development and implementation.
  - Maintain and oversee business continuity management program including appropriate testing.
  - BRD review and approval for change in processes or product.
• Regulatory Compliance:
  - Ensure compliance with local and international regulatory requirements.
  - Liaise with regulatory bodies and ensure timely submission of required reports.