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Aditya Birla Sun Life AMC Limited

Aditya Birla Sun Life AMC Limited

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    Aditya Birla Sun Life AMC Limited

    Hirak Bhattacharjee Head – Human Resources, Admin and Business Excellence

    Leadership Team

    Mr. Hirak Bhattacharjee is the Head of Human Resources, Admin and Business Excellence at Aditya Birla Sun Life AMC Limited. He joined the organisation in July 2019.


    He has previously worked at Shaw Wallace and Company Limited, Johnson Diversey India Private Limited, Kotak Mahindra Bank Limited, Trent Hypermarket Limited and at Aditya Birla Sun Life Insurance Limited.


    He holds a bachelor’s degree in Science from the University of Pune and a post-graduate diploma in personnel management from Xavier Institute of Social Service, Ranchi.

    Roles & Responsibilities with respect to Risk Management Roles & Responsibilities with respect to Risk Management

    SN

    Particulars

    1

    Formulate and implement Human Resources and remuneration policy and obtain approval from the Board of AMC and / or group company as applicable

    2

    Review and suggest changes in the policies and obtain approval from Board of AMC and / or group company as applicable

    3

    Define and delegate roles to the key personnel within the human resource function, administration and Business Excellence function for identifying and reporting risks

    4

    Provide relevant information to CRO regarding the risks materialised

    5

    For the relevant functional risks, identify, analyze and report the following to the CRO and CEO along with recommended action plan for:

    o   Early warning signals

    o   Emerging risks

    o   Major findings

    o   Near miss and loss events

     

    o   Fraud incidents

    Ensure escalation of such incidents to CEO / CRO

    6

    Ensure adherence with the DoP framework

    7

    Formulate, review and periodically provide inputs to update the RCSA for key risks and controls

     

    8

    Perform and report outcomes of periodic testing of the RCSA to CRO

    9

    Identify and implement corrective actions / recommend action plans for deviations in the controls and present to CRO/ CEO

    10

    Ensure a well-defined succession planning process for KMP and other key positions in the AMC

    11

    Adequate backup and succession plan for key positions and key people are present at all times to ensure that at no point of time the AMC is deprived of the services of any Key Managerial Person (KMP).  

    12

    Ensure adherence to the guidelines pertinent to SEBI in respect of RMF and relevant principles thereunder including risk identification, risk management, risk reporting (both periodic and escalation of material incident) and corrective actions taken.

    13

    Ensure that risk related KRAs are defined for CXOs and one level below CXO as required by the SEBI RMF

    14

    Taking proactive actions for reducing attrition risk in respective zonal or regions

    15

    Responsible for the governance (incl. reputation and conduct risk associated for the respective function)

    16

    Maintaining risk level as per the risk metric

    17

    Define specific responsibilities regarding risk management of key personnel reporting to Head – Human Resource, Administration & Business Excellence

    18

    Undertake immediate corrective action for non-compliance or major finding post approval from CEO as per DoP and shall report to CRO regarding the risk reports.

    19

    Perform adequate due diligence of outsourced vendors prior to onboarding

    20

    Ensure periodic assessment of outsourced vendors considering following elements:

    • o   Review of vendors' people, systems and processes

    • o   Documentation and communication of error tolerance and code of conduct and monitoring breaches

    • o   Monitor fraud vulnerabilities in the outsourced process