Business Manager

Role Overview

This position sits within the Risk Management function and supports the Lead in shaping strategy, strengthening governance, and driving execution across key risk priorities. The role brings together planning, policy development, analytics, reporting, transformation support, and stakeholder coordination to help the Risk organization operate in a structured and forward-looking way.

Strategy and Planning

• Assist in building the risk function’s strategic roadmap, yearly operating plans, and major initiatives across different risk areas.
• Prepare analysis, inputs, and recommendations for the Chief Risk Officer and senior leaders on transformation themes, governance improvements, and enterprise risk priorities.
• Coordinate large cross-functional risk projects from planning through execution, including timelines, milestones, and progress reporting.
• Maintain structured methods for ranking priorities, allocating resources, and tracking delivery across multiple stakeholders.
• Monitor programme progress, identify dependencies and execution risks, and escalate critical issues to the Lead when needed.
• Support coordination between Risk, Business Units, Finance, HR, Internal Audit, Compliance, and Technology through meetings, follow-ups, and consolidated updates.
• Contribute to scenario planning and forecasting by collecting internal and external risk intelligence and turning it into analytical outputs.
• Help embed regular strategy reviews covering risk trends, regulatory changes, and implications for business growth.

Policies, Processes and Procedures

• Support the creation, documentation, and ongoing improvement of enterprise risk frameworks, policies, and governance standards.
• Help standardize processes across risk verticals so controls are applied consistently and accountability is clear.
• Manage policy governance tasks such as periodic reviews, approval routing, version control, and change tracking across sub-business units.
• Monitor how risk policies and procedures align with changing regulations, internal audit expectations, and industry practices, and highlight gaps to the Lead.
• Contribute to efforts that improve process efficiency, automation, and digitization in the Risk function.
• Run monitoring routines for policy adherence, exceptions, and remediation actions, and prepare related reports.
• Coordinate with Internal Audit and Compliance to support readiness for audits, regulatory inspections, and supervisory reviews.

Risk Governance, Analytics and Reporting

• Prepare governance materials such as Board Risk Committee presentations, senior management updates, and regulatory submissions under the Lead’s guidance.
• Help build and maintain dashboards, MIS, and analytics views to monitor performance, exposures, and emerging risks.
• Work with the Central Data and Analytics Group (CDAG) to obtain data, check inputs, and convert analysis into practical insights.
• Ensure that key risk indicators, strategic initiative updates, and regulatory commitments are reported accurately and on time.
• Support trend analysis, benchmarking, and predictive analytics to generate recommendations for leadership.
• Assist in creating the Risk Management Plan (RMP) and Risk Reduction/Risk Mitigation (RRR) activities.
• Handle ad hoc requests and submissions from regulators in coordination with the Lead.

Cross-Functional Coordination and Stakeholder Engagement

• Act as a coordination hub between the CRO’s Office, risk verticals, and other functions to keep priorities aligned and execution disciplined.
• Work with business, functional, and support teams to operationalize enterprise risk initiatives and transformation programmes.
• Build strong working relationships with Internal Audit, Compliance, HR, and Technology to support integrated delivery of risk objectives.
• Organize governance forums, leadership meetings, and strategic reviews, including agendas, minutes, action logs, and follow-through.

Transformation, Projects and Technology Enablement

• Support enterprise risk transformation programmes, including digitalization, automation, and data-led risk capabilities.
• Assist in implementing technology solutions with IT and Analytics to improve risk monitoring, reporting, and decision-making.
• Contribute to high-impact initiatives such as regulatory transformation, risk data aggregation, and model governance improvements.
• Identify opportunities to improve processes, reduce costs, and scale the Risk function effectively.
• Support change management and the adoption of new systems, frameworks, and operating models across stakeholders.

People Management

• Encourage behaviors that reflect the organization’s culture and team expectations.
• Promote continuous learning, development, and strong performance within the Risk Management division.

Additional Information

Location: Mumbai Metropolitan Region. Employment type: full-time, onsite. No salary, stipend, number of openings, start date, or application deadline was specified in the source.