Manager - Risk and Compliance

Title: Manager – Risk & Compliance

Job Location: Chennai

Work Model: WFO

8–12+ years of experience in Risk, Compliance, Audit, or related functions.

Strong experience in Financial Services, preferably Life & Pensions / Insurance / Financial Services outsourcing.

Strong hands-on experience in UK regulatory environment and FCA requirements.

Experience in Enterprise Risk Management (ERM), operational risk, conduct risk, regulatory compliance, risk governance and control frameworks.

Candidate Location: Bengaluru / Candidates willing to work from Bengaluru

Candidate Industry: Financial Services / Insurance / Life & Pensions / Banking / Financial Services Outsourcing / Risk & Compliance / Big 4 / Consulting

Qualification: Graduate/Postgraduate in Risk Management, Finance, Business, Accounting, Law or relevant discipline

Professional Risk Qualifications/Certifications: IRM or equivalent

Good to Have: ISO 31000 / COSO ERM / relevant Risk & Compliance certifications

The Risk & Compliance Manager will be responsible for developing, implementing and overseeing the organization's risk management, compliance and control framework in alignment with UK regulatory requirements and FCA expectations.

The role will proactively identify, assess and mitigate enterprise risks while ensuring adherence to regulatory, legal and internal governance requirements. The position will work closely with senior management, business functions, audit, legal and external stakeholders to strengthen the organization's risk culture, governance and control environment

Develop, maintain and continuously improve the Enterprise Risk Management (ERM) framework.

Identify, assess and monitor key operational, financial, regulatory and reputational risks.

Lead enterprise risk assessments, scenario analysis and stress-testing activities.

Maintain comprehensive risk registers and ensure appropriate mitigation plans are developed and tracked.

Ensure adherence to applicable UK regulatory requirements, including Financial Conduct Authority (FCA) requirements.

Develop and oversee compliance monitoring programmes and control testing.

Monitor regulatory developments and assess their impact on the organization.

Translate regulatory changes into appropriate policies, controls, processes and implementation plans.

Develop, maintain and periodically review risk, compliance and governance policies and procedures.

Continuously enhance Risk and Control Framework documentation and associated registers.

Establish and maintain appropriate internal controls and governance mechanisms.

Promote a strong risk-aware culture across the organization.

Develop meaningful risk-based MI and dashboards for senior management and Board consumption.

Define and monitor KRIs, risk thresholds, trends and risk appetite indicators.

Provide regular reporting on enterprise risks, risk events, incidents, breaches and mitigation actions.

Identify emerging trends and provide actionable risk insights to senior leadership.

Partner with business units, Legal, Internal Audit, Compliance and senior leadership on risk and compliance matters.

Provide independent risk advice, challenge and recommendations to SMT and their direct reports.

Challenge risk assessments, mitigation plans and business decisions from a risk-based perspective.

Provide training and guidance to business teams on risk management, compliance and control requirements.

Lead, mentor and develop Risk & Compliance professionals.

Drive team performance, capability development and succession planning.

Build strong risk-management capabilities across the organization.

Promote accountability, ownership and continuous improvement within the Risk & Compliance function.

Lead and support Risk Management and Compliance-related change programmes.

Identify opportunities to improve risk processes, controls, reporting and governance through technology and automation.

Drive continuous enhancement of ERM, Risk Appetite, Control Frameworks and compliance monitoring processes.

Support implementation of new regulatory requirements and organizational risk initiatives.

8–12+ years of Risk, Compliance or Audit experience, preferably within Financial Services.

Strong UK regulatory and FCA environment experience.

Deep expertise in ERM, Operational Risk, Conduct Risk, Risk Appetite and Risk & Control Frameworks.

Strong experience in Risk Assessments, Scenario Analysis, Stress Testing, Risk Registers and KRIs.

Proven experience in Compliance Monitoring, Regulatory Change, Internal/External Audit and Control Assurance.

Strong Board/SMT/RMAC reporting, senior stakeholder management and risk-based challenge experience.

Experience in Life & Pensions outsourcing / Insurance / Financial Services operating models strongly preferred.

Strong experience in developing, implementing and maintaining Enterprise Risk Management (ERM) frameworks.

Proven experience in identifying, assessing, monitoring and mitigating operational, financial, regulatory and reputational risks.

Strong knowledge of UK regulatory requirements, particularly FCA regulations and regulatory expectations.

Experience in risk assessments, scenario analysis, stress testing, risk registers, risk events and mitigation planning.

Strong experience in Risk & Control Frameworks, KRIs, risk appetite and risk-based MI.

Experience in compliance monitoring, internal audit coordination and regulatory change implementation.

Strong stakeholder management experience with SMT, senior leadership, Board, Risk Management & Audit Committees and external auditors/regulators.