Head of Risk Management and Controls

hrsi; Lahore; On-site; PKR 12,000,000 - 18,000,000; Full time

Job summary

hrsi seeks a Head of Risk Management and Controls to build and oversee a comprehensive risk and internal control framework across all operations. The role requires identifying, assessing, and mitigating a wide range of risks to protect assets and ensure regulatory compliance.

Responsibilities include governance across policies, methodologies, and tools, reporting risk to senior management and the board, coordinating internal audits or external audits, and staying current on global and local

Qualifications

• Qualified Chartered Accountant.
• International professional certifications (CRM, CIA, CISA, FRM).
• 12–15 years of progressive experience in risk management and internal controls.
• Experience in developing and implementing global risk management frameworks and internal control systems.
• Experience in conducting risk assessments and internal control reviews.

Responsibilities

• Develop and maintain a robust risk management framework with policies and tools across operations.
• Lead identification and assessment of financial, operational, strategic, compliance, and cyber risks.
• Design and implement risk mitigation strategies and controls.
• Create and maintain an internal control framework for financial reporting and compliance.
• Coordinate risk assessments, internal control reviews, and audits with relevant teams.
• Monitor risk profile and report to senior management and the board of directors.
• Oversee internal audit or coordinate with external auditors as applicable.
• Stay updated on regulatory changes and industry best practices in risk management.
• Lead crisis management and business continuity planning across complex operations.
• Manage relationships with regulators, insurers, and other stakeholders.
• Drive risk management technology and reporting tools.

Education

Chartered Accountant

CRM

CIA

CISA

FRM

Job description

JOB DESCRIPTION

Job title:

Head of Risk Management and Controls

Reporting to:

Board of Directors

Job purpose:

To develop, implement, and oversee a comprehensive risk management and internal control framework across all operations. This role is responsible for identifying, assessing, and mitigating a wide range of risks that could impact the organization's objectives, ensuring the safeguarding of assets, the integrity of operations, and compliance with international and local regulations.

Key responsibilities:

• Develop and maintain a robust and consistent risk management framework, including policies, methodologies, and tools applicable across all Department and business locations.
• Lead the identification and assessment of potential risks, encompassing financial, operational, strategic, compliance, and cyber risks.
• Develop and implement risk mitigation strategies and controls, ensuring their effective application.
• Design and maintain a internal control framework that ensures the effectiveness and efficiency of operations, reliability of financial reporting (in accordance with international standards and local GAAP), and compliance with global and local laws and regulations.
• Conduct risk assessments and internal control reviews, coordinating with risk management teams and internal audit functions.
• Monitor and report on the organization's risk profile and the effectiveness of risk management activities to senior management and the board of directors.
• Oversee the internal audit function (if applicable) or coordinate with external auditors.
• Stay abreast of relevant international and local regulatory changes, emerging global risks, and industry best practices in risk management and internal controls.
• Lead the development and execution of crisis management and business continuity plans, considering the complexities of operations.
• Manage relationships with regulatory bodies, insurance providers, and other relevant external stakeholders.
• Drive the development and implementation of risk management technology solutions and reporting tools.

Qualifications and Experience required:

• Qualified Chartered Accountant
• Relevant international professional certifications (e.g., CRM, CIA, CISA, FRM)
• Minimum of 12-15 years of progressive experience in risk management and internal controls
• Experience in developing and implementing global risk management frameworks and internal control systems
• Experience in conducting risk assessments, internal control review.