Risk Management Specialist

Dr Reddys; Hyderabad; On-site; INR 3,000,000 - 4,200,000; Full time

Job summary

Dr Reddys in Hyderabad is seeking a Specialist in Risk & Management to lead enterprise risk initiatives, strengthen governance, and drive continuous improvement in risk frameworks on site.

The role requires deep experience in risk assessments, data analytics, KRIs, and regulatory alignment, with a focus on proactive mitigation and clear stakeholder communication.

Qualifications

• CA or equivalent professional qualification; CRMA, CIA, or CIRA preferred.
• Minimum 5 to 7 years in Internal Audit and Risk Management.
• Experience in enterprise risk assessment, internal control evaluation and audit execution.

Responsibilities

• Operational Risk Assessment: identify, analyze, and evaluate threats across processes, people, systems, and external events.
• Data Analytics & Reporting: extract and analyze data from SAP and other systems for analytics and trend detection.
• KRI Dashboard & Predictive Analytics: design and maintain enterprise-wide KRI dashboards and use analytics for forecasting.
• ERM Framework Ownership: align policies with ISO 31000 and COSO; ensure regulatory compliance.
• Comprehensive Risk Assessment: conduct detailed risk assessments, scenario analyses, and stress tests.
• Horizon Scanning & Emerging Risks: monitor geopolitical, regulatory, cyber, and ESG risks; prepare impact reports.
• Stakeholder Engagement & Communication: facilitate risk workshops and present heatmaps to stakeholders.
• Insurance Portfolio Management: review coverage and performance metrics for cost-effectiveness.
• Regulatory Compliance & Audit Coordination: ensure regulatory submissions and audits.
• Business Continuity Planning: contribute to BCP and disaster recovery testing.
• Third-Party & Vendor Risk Assessment: assess risks with vendors and third parties.
• Performance Monitoring: track KPIs and drive reduction of high-risk exposures.

Skills

Risk assessment

ISO 31000/COSO/IIA

Analytics & root cause

Internal controls evaluation

Stakeholder management

Education

CA or equivalent pro qualification (CRMA/CIA/CIRA preferred)

Tools

SAP

Job description

JobTitle: SpecialistRisk& Management

Location: Banjara Hills, Hyderabad (Onsite)

Job Description

This role will require experience in steering enterpriseriskmanagement initiatives, ensuring robust governance, proactive mitigation, and alignment with strategic objectives whilst driving continuous improvement inriskframeworks.

Key Responsibilities:

• OperationalRiskAssessment:Identify, analyse, and evaluate threats arising from the company's business workflows, including internal processes, people, systems, and external events at unit level. Conduct site visits to plants and business units to assess operational environments. Evaluate the design and operational effectiveness of internal controls, identifying loopholes and recommendingrisk-aversion measures.
• Data Analytics & Reporting:Extract and analyse data from SAP and other enterprise systems to perform comprehensive analytics. Analyse historical and real-time operational data to detect underlying trends, root causes of inefficiencies, compliance deviations, and process bottlenecks.
• KRI Dashboard & Predictive Analytics:Design and maintain enterprise-wide KeyRiskIndicator (KRI) dashboards; leverage advanced analytics tools for predictive insights and trend forecasting to support proactive decision-making.
• ERM Framework Ownership:Enhance and maintain enterpriseriskmanagement policies and governance structures aligned with ISO 31000 and COSO frameworks. Ensure continuous alignment with international best practices and regulatory requirements.
• ComprehensiveRiskAssessment:Conduct detailedriskassessments, scenario analysis, and stress testing across global operations. Document findings with clearriskratings and mitigation recommendations.
• Horizon Scanning & EmergingRisks:Identify and monitor emergingrisks including geopolitical, regulatory, cyber, and ESG-related threats. Prepare impact assessments and early warning reports for senior management.
• Stakeholder Engagement & Communication:Facilitateriskworkshops across business units; presentriskheatmaps, mitigation progress, and strategic recommendations to stakeholders at all levels. Developriskcommunication strategies to enhance organisationalriskawareness.
• Insurance Portfolio Management:Monitor and optimise insurance coverage; review claims data and insurance performance metrics to ensure adequate protection and cost-effectiveness.
• Regulatory Compliance & Audit Coordination:Maintain compliance with regulatory requirements; coordinate with internal and external auditors; prepare documentation for regulatory submissions and inspections.
• Business Continuity Planning:Contribute to the development and maintenance of business continuity and disaster recovery plans; conduct periodic testing and updates.
• Third-Party & VendorRiskAssessment:Assess and monitorrisks associated with key suppliers, vendors, and business partners; establishriskmanagement requirements for third-party relationships.
• Performance Monitoring:Track and report on key performance indicators including timely completion ofriskassessments, accuracy of KRI dashboards, and measurable reduction in high-riskexposures through proactive mitigation efforts.

Qualifications

Educational Qualification:CA or equivalent professional qualification; CRMA (CertifiedRiskManagement Assurance), CIA (Certified Internal Auditor), or CIRA (Certified InternalRiskAuditor) preferred Minimum Work Experience:5 to 7 years in Internal Audit andRiskManagement, with demonstrated experience in enterpriseriskassessment, internal control evaluation, and audit execution

Technical Skills

• Proficiency inriskassessment methodologies and frameworks including ISO 31000, COSO, and IIA standards for internal audit practice
• Advanced analytical and quantitative skills with demonstrated ability to conduct comprehensiveriskassessments, scenario analysis, and root cause analysis of operational issues
• Expertise in designing and maintaining KeyRiskIndicator (KRI) dashboards and utilising data analytics tools for predictive insights and trend forecasting
• Strong proficiency in extracting, analysing, and interpreting data from enterprise systems (SAP and similar platforms) to identify compliance deviations, process bottlenecks, and control weaknesses
• Demonstrated competency in evaluating the design and operational effectiveness of internal controls, identifying control gaps, and recommendingriskmitigation measures
• Knowledge of business continuity planning, disaster recovery frameworks, and third-partyriskassessment methodologies
• Proficiency in audit documentation, regulatory compliance requirements, and preparation of audit reports and regulatory submissions

Behavioural Skills

• Excellent communication and presentation skills, with the ability to articulate complexriskconcepts and audit findings to stakeholders at all organisational levels
• Strong attention to detail and commitment to maintaining rigorous operational processes and internal controls
• Demonstrated ability to engage effectively with business units, facilitateriskworkshops, and build stakeholder confidence inriskmanagement initiatives
• Proactive mindset with capability to identify emergingrisks and horizon-scan for geopolitical, regulatory, cyber, and ESG-related threats