Job Description
Job Title: Enterprise Risk Management & Internal Financial Controls
Location: Head Office
Reports To: Chief Financial Officer (CFO) / Head of Risk & Compliance
Role Overview:
The role is responsible for designing, implementing, and continuously improving the organization’s Enterprise Risk Management (ERM) framework and Internal Financial Controls (IFC) system. The incumbent will work closely with senior management, functional heads, and auditors to identify key business risks, ensure compliance with regulatory requirements, and strengthen the internal control environment.
Key Responsibilities:
1. Enterprise Risk Management (ERM):
• Develop and implement the ERM framework, policies, and processes across business units.
• Identify, assess, and prioritize key strategic, operational, financial, and compliance risks.
• Facilitate risk workshops with cross-functional teams to develop mitigation plans.
• Maintain and update the risk register, risk appetite, and control matrices.
• Present risk dashboards and reports to the Risk Committee and senior leadership.
• Support the integration of risk management into business planning and decision-making.
2. Internal Financial Controls (IFC):
• Design and implement a robust Internal Financial Controls framework aligned with statutory requirements (e.g., Companies Act, 2013).
• Conduct risk and control assessments of key financial processes (Procure-to-Pay, Order-to-Cash, Record-to-Report, etc.).
• Identify control gaps, recommend improvements, and ensure timely remediation.
• Coordinate testing and documentation of internal controls for statutory and internal audit purposes.
• Ensure control ownership and accountability through awareness and training sessions.
3. Audit & Compliance Support:
• Liaise with internal and external auditors during IFC and ERM audits.
• Support management in preparing responses to audit observations and implementing action plans.
• Ensure alignment of ERM and IFC processes with corporate governance and regulatory frameworks.
4. Reporting & Governance:
• Prepare quarterly risk reports and control compliance dashboards for management and Board Committees.
• Track key risk indicators (KRIs) and control effectiveness metrics.
• Drive a culture of risk awareness and ethical financial governance across the organization.
Qualifications & Experience:
• Chartered Accountant (CA), MBA (Finance), or equivalent qualification.
• 12 -15 years of experience in risk management, internal audit, or financial controls (depending on role level).
• Prior experience in implementing IFC, ERM frameworks preferred.
• Strong knowledge of finance processes, internal controls, and risk frameworks.
• Proficiency in Excel, SAP systems desirable.
Key Skills & Competencies:
experience15
Location: Head Office
Reports To: Chief Financial Officer (CFO) / Head of Risk & Compliance
Role Overview:
The role is responsible for designing, implementing, and continuously improving the organization’s Enterprise Risk Management (ERM) framework and Internal Financial Controls (IFC) system. The incumbent will work closely with senior management, functional heads, and auditors to identify key business risks, ensure compliance with regulatory requirements, and strengthen the internal control environment.
Key Responsibilities:
1. Enterprise Risk Management (ERM):
• Develop and implement the ERM framework, policies, and processes across business units.
• Identify, assess, and prioritize key strategic, operational, financial, and compliance risks.
• Facilitate risk workshops with cross-functional teams to develop mitigation plans.
• Maintain and update the risk register, risk appetite, and control matrices.
• Present risk dashboards and reports to the Risk Committee and senior leadership.
• Support the integration of risk management into business planning and decision-making.
2. Internal Financial Controls (IFC):
• Design and implement a robust Internal Financial Controls framework aligned with statutory requirements (e.g., Companies Act, 2013).
• Conduct risk and control assessments of key financial processes (Procure-to-Pay, Order-to-Cash, Record-to-Report, etc.).
• Identify control gaps, recommend improvements, and ensure timely remediation.
• Coordinate testing and documentation of internal controls for statutory and internal audit purposes.
• Ensure control ownership and accountability through awareness and training sessions.
3. Audit & Compliance Support:
• Liaise with internal and external auditors during IFC and ERM audits.
• Support management in preparing responses to audit observations and implementing action plans.
• Ensure alignment of ERM and IFC processes with corporate governance and regulatory frameworks.
4. Reporting & Governance:
• Prepare quarterly risk reports and control compliance dashboards for management and Board Committees.
• Track key risk indicators (KRIs) and control effectiveness metrics.
• Drive a culture of risk awareness and ethical financial governance across the organization.
Qualifications & Experience:
• Chartered Accountant (CA), MBA (Finance), or equivalent qualification.
• 12 -15 years of experience in risk management, internal audit, or financial controls (depending on role level).
• Prior experience in implementing IFC, ERM frameworks preferred.
• Strong knowledge of finance processes, internal controls, and risk frameworks.
• Proficiency in Excel, SAP systems desirable.
Key Skills & Competencies:
experience15
💡 Quick Summary
Seeking a career-building opportunity? The Internal Audit and ERM position is now open for candidates interested in the Operations Executive Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Operations Executive Jobs is a plus.
