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Aditya Birla Sun Life AMC Limited

Aditya Birla Sun Life AMC Limited

    • Vikas Mathur Head – Institutional Sales

    Leadership Team

    Mr. Vikas Mathur is the Head of Institutional Sales at Aditya Birla Sun Life AMC Limited. He comes with a rich experience of nearly two decades and has been a part of the organisation since August 2008.


    Vikas has previously worked at HBL Global Private Limited and at ICICI Prudential Life Insurance Company Limited.


    He holds a Bachelor’s Degree in Electronics and Communication Engineering from University of Madras, a Post Graduate Diploma in Business Entrepreneurship and Management from the Indian Institute of Planning and Management and a Master’s Degree in Business Administration from the International Management Institute.

    Roles & Responsibilities with respect to Risk Management Roles & Responsibilities with respect to Risk Management
    Sn
    Particulars
    1
    Define and delegate roles to the key personnel within the functions for identifying and reporting risks
    2
    Provide inputs to CRO to define risk threshold and risk appetite
    3
    Provide relevant information to CRO regarding the risk reports
    4
    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 CRO and CEO
    5
    Review the risk level for the functional risk and control framework
    6
    Ensure adherence with the DoP framework
    7
    Formulate, review, periodically provide inputs and report outcomes of the RCSA for key risks and controls
    8
    Identify and implement corrective actions / recommend action plans for deviations in the controls and present to CRO/ CEO
    9
    Perform and report outcomes of periodic testing of the RCSA to CRO
    10
    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.
    11
    Monitor the distribution channels and miss-selling incidents reported such as –
    • Number of mis-selling incidents
    • Negative comments in the inspection report relating to distribution.
    • Analysis of the portfolio of investors e.g. nature of investments vis-à-vis risk appetite of investor
    12
    Exceptions reported by Sales & Marketing basis reviews done for distributors.
    13
    Responsible for the governance (incl. reputation and conduct risk associated for the respective function)
    14
    Maintaining risk level as per the risk metric
    15
    Define specific responsibilities regarding risk management of key personnel reporting to CBO
    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.