Group Financial Manager / Risk Manager

Job Specification: Group Financial Manager - Holding Company

Must be an CA

The successful individual should have experience in Risk Management. Among their other responsibilities, they will also be responsible for Forensics, internal audit, financial analysis, and new acquisitions.

The successful incumbent will be building their own team from scratch but will have around 50 direct and indirect reports from our other companies.

Key Performance Areas:

The role of a Financial Forensic, Audit, Risk, and Fraud Manager encompasses a wide range of responsibilities related to detecting, investigating, and preventing financial misconduct within an organization. Here are some key aspects of the role:

1. Forensic Investigation: Conducting forensic investigations into suspected financial fraud, misconduct, or irregularities within the organization. This involves gathering and analyzing evidence, interviewing relevant parties, and documenting findings to determine the extent and nature of the misconduct.
2. Audit Management: Overseeing the internal audit function of the organization to ensure compliance with policies, procedures, and regulatory requirements. This includes planning and executing audit activities, reviewing audit reports, and providing recommendations for improving internal controls and processes.
3. Risk Management: Identifying and assessing various types of financial risks faced by the organization, including fraud risk, operational risk, and compliance risk. Developing strategies and controls to mitigate these risks and protect the organization's assets and reputation.
4. Fraud Prevention and Detection: Implementing measures to prevent and detect fraudulent activities within the organization, such as implementing fraud detection software, conducting fraud risk assessments, and establishing whistleblower hotlines.
5. Compliance Oversight: Ensuring that the organization complies with relevant laws, regulations, and industry standards related to financial reporting, fraud prevention, and internal controls. This involves staying abreast of changes in regulations and updating policies and procedures accordingly.
6. Investigative Reporting: Preparing detailed investigative reports documenting findings from forensic investigations, audit reviews, and risk assessments. Communicating findings to senior management, the board of directors, and external stakeholders as necessary.
7. Training and Awareness: Providing training and awareness programs to employees on fraud prevention, detection techniques, and ethical conduct. Promoting a culture of integrity and accountability throughout the organization.
8. Collaboration and Coordination: Collaborating with internal departments such as legal, compliance, and human resources, as well as external stakeholders including law enforcement agencies and regulatory bodies, to address financial fraud and misconduct effectively.

Originally posted on Himalayas