Tata Consulting - Lead - Corporate Risk Management (14-22 yrs)

QUALIFICATION

- Engineering degree (any branch)/ CA + MBA Finance or equivalent + Any additional specialized qualifications will be additional advantage like IRM or other certifications in Risk etc.

Corporate Risk Management :

- Lead the ERM activities across assigned Business Units (BU) and Corporate Functions

- Assist in developing/ implementing frameworks, tools, systems for risk management, training modules, risk awareness for business and decision making.

- Risk Registers: Development and revision of BU and Functional Risk registers

- Risk Management across the Business lifecycle: Ensure that the ERM process comprising of risk identification, assessment, treatment, monitoring & review along with Pre-Bid risk analysis, bid risk analysis and Project risk review runs periodically across the Business Units and Corporate Functions.

- Conducting risk Identification & assessment using Qualitative and Quantitative methodologies, latest tools and technologies

- Conduct independent analysis of Countries, Prospects, Clients, Partners from risk and opportunity perspective and share it with Stakeholders

- Conduct Primary and Secondary risk assessment to identify risks in bids / opportunities - Project viability, Promoter background and experience, status of land, approvals, financial closure status, site specific issues.

- Conduct deeper analysis of Contracts with clients, vendors, JV partners to identify key contractual risks and provide recommendations for reduction of such risks.

- Analyze Financial models / cash flows of the bid / project and identify key risks, conduct sensitivities and determine the values to be padded built in bid price / mitigation of risks with an objective of providing actionable insights for senior management decision-making.

- Conduct regular project reviews with relevant BUs and assist Project Managers in risk identification, assessment, mitigation, monitoring and compliance to internal processes and systems

- Conduct independent analysis based on learnings & observations and share updates with Senior Management and BU Stakeholders at periodic intervals.

Developing Risk Management Strategies :

- Create and implement risk management policies, procedures, and strategies that align with business objectives, regulatory requirements, and industry best practices.

- Study market trends and implement the learnings into the risk management processes of the company.

- Development / Modification of new and existing Risk Management frameworks and Systems at TCE.

- Recognize, assess, and manage risks from uncontrollable events caused by macroeconomic shifts, political disruptions, natural disasters, global pandemics, etc.

Special Assignments :

- Conduct special assignments - Input to Strategy, Portfolio Management, Risk to Strategy, Outside-in perspectives, specific assignments by Management/ARCM, new initiatives by function etc.

- Contribute to various risk initiatives / areas - Contract Management, Business Continuity, Digital Risk, Data Privacy, Ethics & Fraud, Internal Controls, Policies & Processes, etc.

- Business Continuity Planning: Ensure business continuity by developing plans to maintain operations during and after a crisis.

- Study and monitor ESG, safety, digital and data privacy related risks

Building Risk Culture at TCE through Learning & Development :

- Training the team members, BU and functional

- teams on diverse topics related to Strategy.

Internal Compliance and Governance :

- Learn and lead TCE's internal compliance processes and reporting to Management on a regular basis.

Performing Risk Quantification and Analysis :

- Utilize advanced tools and techniques to quantify and analyze identified risks, assess their potential severity, and providing valuable insights to senior management to support informed decision-making.

- Digital Tools: Utilize AI/ML techniques for risk management (e.g., cost and schedule risk analysis, Monte Carlo simulations using tools like @risk, crystal ball etc.)

- Data Analytics: Leverage analytics for insights into risk patterns and informed decision-making

Collaborating with various stakeholders :

- As a risk lead, must collaborate with various stakeholders across different departments, including senior management, finance, legal, and operational teams. Ability to communicate effectively and build strong relationships foster a risk-aware culture.

- To provide timely and insightful guidance to senior management, enabling informed decision-making that aligns with the organizations risk appetite and strategic objectives.

Risk Management - External clients / Offsites :

- Work for external client engagements directly with client or BU as required.

- Oversee the BU team in providing risk services to external clients by developing and utilizing various tools/ systems for managing those risks, while ensuring effective communication and coordination for optimal results.

- Plan and attend risk management meetings - Internal or offsites as required by management