Location Name: Pune Corporate Office - PTP
Job Purpose
This position is open with Bajaj Finance ltd.Culture Anchor:Have high ambitions - Inspires the team to aim for higher targets and supports in achieving themOwn It - Acknowledges uncertainty and makes changes in own decisions/ actions for better outcomes
Duties And Responsibilities
- Review of design & implementation of Operational Risk Management (ORM) framework
- Review of design, implement and Testing (TOD/TOE) of Internal Control over Financial Reporting (ICOFR) framework.
- Conceptualization, documentation & implementation - Financial Control Chart Framework
- Preparation of Risk Control Matrix (RCM) & Process, Flow Chart for Finance & Treasury processes
- Ensure that risks are appropriately identified, documented and reported in compliance with laws, regulations and internal policies and standards.
- Back testing of Completeness of control environment from Trial Balance, periodic Monitoring & Testing of Controls.
- Timely release of reports for executives, senior management & key stakeholders
- Collaborate with cross functional heads & intern department verticals to implement an effective Operational Risk Management Framework (ORMF) within Finance function to ensure operational risks and controls are being managed appropriately in a proactive& disciplined manner to meet external/ internal requirements.
- Perform testing and validation on control gap remediation efforts, once the remediation action plan has been reported as implemented through the RCP.
- Follow-up on open issues & exceptions for remediation & closure
- First point of contact for Statutory Auditors to satisfy ICOFR related queries
- Project Management – Run and / or Support various Risk and Control projects. Work with business units to enable them to deploy solutions.
- Automate ORM & FCC framework - Tool/ system evaluation and implementation
- Demonstrate tangible benefits of Finance Control Chart
Required Qualifications And Experience
Practice Emotional Intelligence - Develops the team, supporting them to do moreListens to others, stays calm under pressure, and treats everyone with respect.
