ABC Home
Loans
Investments
Insurance
Payments
Download ABCD

Experience finance made simple on the new ABCD app!

Scan to Download the App

Playstore Appstore
1800-270-7000

Aditya Birla Sun Life AMC Limited

Aditya Birla Sun Life AMC Limited

    Our Menu
    Invest with Us
    Metaverse

    Aditya Birla Sun Life AMC Limited

    Parag Joglekar Chief Financial Officer

    Leadership Team

    Mr. Parag Joglekar is the Chief Financial Officer (CFO) of Aditya Birla Sun Life AMC Limited and has been a part of ABSLAMC since 2006.


    Prior to joining Aditya Birla Sun Life AMC Limited, he has worked with Strategic Capital Corporation Limited.


    He holds a bachelor’s degree in commerce from the University of Bombay. He is a member of Institute of Chartered Accountants of India and is a member of the Institute of Cost and Works Accountants of India.

    Roles & Responsibilities with respect to Risk Management Roles & Responsibilities with respect to Risk Management
    Sn
    Particulars
    1
    Responsible for the governance (incl. reputation and conduct risk associated for the respective function) of financial accounting (incl. taxation) and reporting risks
    2
    Perform periodic review and suggest changes in the Finance related policies and obtain approval from Board of AMC
    3
    Provide inputs to CRO to define risk threshold and risk appetite for the AMC
    4
    Define and delegate roles to the key personnel within the finance / accounting function for identifying and reporting risks.
    5
    Provide relevant information to CRO regarding the risks materialised
    6
    For the relevant functional risks, identify, analyze and report the following to the CRO and CEO along with recommended action plan for:

    • Early warning signals
    • Emerging risks
    • Major findings
    • Near miss and loss events
    • Fraud incidents
    Ensure escalation of such incidents to CEO and CRO
    7
    Ensure adequate segregation of duties within the finance function for accounting related activities for scheme and AMC
    8
    Review the risk level are in accordance with the control framework and operating thresholds
    9
    Ensure adherence with the DoP framework
    10
    Formulate, review and periodically provide inputs to update the RCSA for key risks and controls
    11
    Perform and report outcomes of periodic testing of the RCSA to CRO
    12
    Identify and implement corrective actions / recommend action plans for deviations in the controls and present to CRO/ CEO
    13
    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.
    14
    Formulate procedure documents and implement process to perform periodic testing of Internal Financial Controls
    15
    Maintaining risk level as per the risk metric
    16
    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.
    17
    Perform adequate due diligence of outsourced vendors prior to onboarding
    18
    Ensure periodic assessment of outsourced vendors considering following elements:

    • Review of vendors' people, systems and processes
    • Documentation and communication of error tolerance and code of conduct and monitoring breaches
    • Monitor fraud vulnerabilities in the outsourced process.
    19
    Define specific responsibilities regarding risk management of key personnel reporting to CFO