Head Of Risk

Job Description Job Description Job Title: Head Of Risk - India The Purpose of This Role Fidelity Risk organization mission is to protect Fidelity's Customer, Associates and Brand. In the fast-changing Industry and Regulation landscape, Risk is geared up to identify risk proactively and build measures to mitigate the impact of changes. Risk India, part of Fidelity Enterprise Risk organization, supports the need of Fidelity's Delivery Centre in India. The Value You Deliver - As Head of Risk for FMR India, you partner with India leadership team and functional leaders in identifying risks, develop innovative solutions to enhance controls, build trust with the stakeholders, while fostering a strong risk and compliance mindset within FMR India. - As a key India Leadership Team (ILT) member, you provide oversight to mitigate risk by ensuring compliance with India regulations, to protect Fidelity's business, associates and brand. - Being proactive, you ensure to minimize if not fully eliminate the surprises, disruptions, and scenarios of non-compliance. - Collaborate with Enterprise risks teams to maximize the value though an integrated risk deployment approach. - Drive the culture of innovation to improve the effectiveness of Risk model to deliver better value to internal stakeholders. - As a member of Global Locations R&C team, sharing best practices from India to other locations or bringing best practices to India. - Provide thought leadership to the team and firm in terms of leveraging emerging technologies or data analytics to improve the effectiveness of R&C framework. - Brining in Industry or outside in perspective by connecting with Industry forums and Industry peers. - Regularly provide guidance, training and coaching to team members to support performance and career development The Skills That Are Key To This Role Risk framework covers the area of Legal Entity Risk, Technology Risk, Business Continuity, Vendor Risk, Risk Coverage for Support Functions (HR, Payroll, Finance, Real Estate). Brief description of deliverable is, Corporate Functions Risk Management This function deals with oversight and management of Control Program for entire FMR India corporate functions that includes, - Proactive identification of Risks through Risk Assessments, Annual TDRA (Top Down Risk Assessment), Control Testing, consultation with functional leaders and mitigation of risks. - Incident Management incident escalation, action plan tracking and timely reporting to Senior Management. - Facilitates all the External Audits/Reviews like SoC1 audits, ISO 27k audits, Client audits, etc. - Establishing and managing the Risk Committee and periodic reporting to the FMR India Board. Business Continuity Management This function manages the aspects of Business Continuity Planning and Disaster Recovery in alignment with the Enterprise practices, by ensuring business continuity plans by all the Business Units (BU) & Functional Leaders in India, periodic testing, Crisis Management Table-Top Exercises, etc. Technology Risk Oversight This function is responsible for various programmatic audits and certifications like SoC1 (IT Generic Controls), ISO 27k, Privacy Audits, Cybersecurity Audits by Clients. Additionally, managing the control assurance of Technology vendors. Vendor Risk Oversight This function is responsible for the risk oversight of vendors that FMR India utilizes. The oversight has aspects of Principal Employer obligations, Vendor Technology Reviews, Onboarding/Offboarding of vendors, etc. Behavioral - Be Collaborative: Work in partnership across teams to design, build and deliver end-to-end solutions - Be Creative: Promote and foster an environment of innovation to deliver new product solutions to market which help improve scale and efficiency, business growth and investment performance The Skills that are Good to have for this role - Hands on experience in building and deploying Risk or Audit frameworks. - Strong acumen to read the weak signals, connecting dots to proactively identifying threats or issues. - Experience in Technology Risk domain is a differentiator. - Stakeholder management skills needed to drive balance between enterprise standards and local country specific requirements. - Strong networking skills internally, also with the external industry forums and financial services organizations. - Proven experience to work effectively in a matrixed global enterprise organization. - Ability to build a team of multiple levels of experience and skills, mentor, and mature team members - Excellent oral and written communication skills - Strong change management skills with business and functional leaders to drive the culture of compliance. How Your Work Impacts The Organization As head of Risk for FMR India , you will get an opportunity to partner and collaborate with India Leadership team to contribute to FMR India strategy & at the same time accomplish Enterprise Risk mission on the ground in India. The role includes defining, deploying, and continuously improving the Risk Strategy to eliminate or mitigate the risk proactively. You would lead a team of around 20 associates comprising of tenured Risk professionals. We are looking for a strong Risk professional with hands on approach and collaborative operating style to head this function. Along with providing leadership to the team, we expect the leader to be strong in research for emerging risks, bringing external / industry benchmarks or practices. Leveraging emerging technologies and data insights is essential to drive efficiency and effectiveness of the team. In this role you will be part of R&C Leadership Team (Global Locations) and India Leadership Team. This position functionally reports to the Head of Risk & Compliance (Global Locations) and business reporting to Site Leader of FMR India. The Expertise We're Looking For - Bachelor's Degree in any discipline. - Overall 20+ years of experience in Financial Services Industry. - A minimum of 10 years of hands on experience in designing, implementing, and improving R&C or Audit framework. - Experience in delivery organizations (IT or Operations) is an added advantage. - Must be able to act as a team player as well as work independently - Must be a quick learner and adapt to new technologies and data analytics Location: Bangalore Shift timings: 11AM 8 PM Certifications Category: Risk