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- Evaluate the adequacy and effectiveness of internal controls in place in various processes and make appropriate amendments to the processes wherever required to mitigate any additional risk identified, through proper resolutions.
- Develop, maintain and report key risk matrix
- To continually re-assess and monitor the operational risks inherent in various processes.
- Improve risk awareness of operations staff in their areas / process.
- to conduct risk based inspection & monitor all processes on a daily basis and check that SOP are adhered to by the Operations Dept meticulously.
- to identify and document operational issues and monitor their resolution / closures in case of breaches, deviations etc
- Co-ordination with all audits performed and take-up corrective action including implementation of recommended / accepted procedures.
- Provide training to all employees in the area of Risk Management & Compliance.
- Familiarization with the compliance rules and regulations affecting the processes, Client Group and implement Compliance Policy.
- Update and maintain all documentation required to evidence adherence to Regulations etc.
- Report all risk and compliance issues to the CEO on an on going basis.
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