Risk Assessment Lead

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About the role

Role Purpose The Risk Assessment Lead is accountable for overseeing enterprise risk management for AZPIL, ensuring effective controls, policies, and monitoring mechanisms are in place to protect the organisation from internal and external risk exposure. The role has end-to-end responsibility for: • Internal audit leadership and execution • Enterprise risk assessment and maintenance of the risk register • Financial controls framework oversight • Internal monitoring of high-risk business areas • Forensic risk and whistleblowing review support • Process excellence, simplification, and automation initiatives Key Responsibilities • Lead the enterprise risk agenda by proactively identifying key risks and ensuring appropriate mitigating controls, processes, and governance mechanisms are established. • Develop and manage the annual internal audit plan based on risk assessment and periodic refresh of the audit universe. • Oversee quarterly internal audits, partnering with external consultants and internal stakeholders to ensure timely completion, robust reporting, and effective presentation of findings to Board committees. • Track and follow up on remediation actions arising from internal audit reports to ensure timely and sustainable closure. • Oversee Business Responsibility & sustainability report (BRSR), partnering with auditors and internal stakeholders to ensure timely completion, robust reporting. • Own and maintain the Risk Register in collaboration with cross-functional stakeholders, capturing active, emerging, and enduring risks, along with mitigation plans for presentation to governance committees. • Own the Financial Controls Framework (FCF) for the India Marketing Company, ensuring alignment with global standards while incorporating additional local controls where required. • Independently monitor high-risk areas such as Patient Assistance Programs, diagnostics, and government business supply, ensuring processes are compliant with AstraZeneca standards and control expectations. • Partner with Compliance and external advisors on whistleblowing case reviews and forensic risk assessments, ensuring appropriate governance and follow-through. • Review new business initiatives at the ideation stage as part of cross-functional teams, identifying risks and recommending mitigation strategies across contracts, SOPs, and business cases. • Conduct annual distributor risk assessments for institutional distributors and other high-risk third parties, escalating concerns and recommending corrective actions where needed. • Mentor the Process Excellence Lead in developing and executing the annual process audit plan, reviewing audit outcomes, and supporting implementation of action plans. • Perform periodic self-reviews of key business processes, including travel bookings, procurement, sponsorships, and meetings, to identify trends, control gaps, and improvement opportunities. • Maintain regular engagement with Distribution, Government Business, and Compliance teams to strengthen controls, processes, and policy effectiveness. • Drive process simplification and automation initiatives, including the use of AI-enabled tools for exception monitoring, iRisk, and SOP centralisation through Master SOP. • Monitor usage and reporting of compliance tools related to statutory compliance obligations. • Collaborate with business teams on automation projects, such as NRV tool automation, SAP integrations, and other process improvement initiatives that enhance efficiency and control. Essential Requirements • Qualified Chartered Accountant (CA) with 10+ years of post-qualification experience • Strong experience in internal audit, ideally within a regulated industry; pharmaceutical industry experience is preferred but not essential • D

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