Group Risk Chief — Remediation Closure Integrity, Interim

The mandate

An investment holding platform is preparing for a board review of material control remediation. Several issues have been marked closed through management declarations, while evidence of sustained operating correction is incomplete. An interim Group Risk Chief will take independent executive ownership of closure governance across two investment entities, protecting the distinction between an action completed and a risk adequately addressed.

The assignment starts on 26 October 2026 for nine months at five days each week, with a permanent group risk search proceeding in parallel. The opening fortnight establishes the material issue population, claimed closures and actual approval routes. Later work tests corrective operation and develops risk-team leadership. Any written extension must remain within an overall twenty-four-month engagement cap and be justified by the executive transition rather than unrelated assurance needs.

Closure should reflect the original risk question and the evidence needed to answer it. A procedure can be published without being used, a system change can operate without addressing the cause and a deadline can be extended without an authorised residual-risk decision. The chief will investigate those distinctions and require business owners to substantiate their claims, while retaining independent audit's separate authority to evaluate and close its own findings.

The interim directs risk staffing, sets evidence-review priorities and recommends closure or escalation within the existing delegation. Business management implements corrective action; audit owns its independent opinions and qualified compliance functions retain statutory responsibilities. Material residual-risk acceptance and changes to appetite require the Board Risk Committee or authorised body. The remit excludes running the audit department, executing investment trades and taking over technology remediation programmes.

Exit requires a permanent group chief and risk leads who reproduce the material closure review, explain accepted residual exposures and demonstrate the escalation route for a failed corrective test. At least two governance cycles must distinguish verified, conditional and reopened issues consistently. The board accepts remaining decisions with owners and dates, ensuring the successor inherits a truthful remediation position rather than a smaller backlog produced through unsupported administrative closure.

What you will own

• Establish the material remediation population from board, risk and audit records, preserving origin and accountable ownership so duplicates or changed descriptions cannot obscure the underlying issue requiring governance review.
• Decide independent closure tests that reflect the original risk and corrective intent, distinguishing implementation evidence from proof that the proposed control operates adequately under relevant conditions.
• Govern claimed closures through source artifacts and observed operation, reopening unsupported conclusions and recording where a completed action still leaves residual exposure requiring an authorised decision.
• Lead risk prioritisation across the sixteen-person team, directing experienced reviewers towards material uncertainty rather than rewarding the easiest issues to close before the next board deadline.
• Build a residual-risk acceptance register with duration, rationale and approving authority, exposing extensions or tolerated weaknesses that have been treated as resolved without the proper governance decision.
• Develop risk leads through contested closure reviews with business owners, maintaining constructive independence and preserving audit's separate judgement where its findings require a different acceptance route.
• Transfer the executive risk seat through successor-led issue sampling and escalation rehearsal, obtaining board acceptance of the final verified position and all unresolved material decisions remaining after handover.

Candidate qualifications

• Demonstrate CRO, enterprise risk head or comparable independent risk leadership in investment management or related financial services. Describe a remediation claim you challenged because the completed action did not adequately address its original risk, the operating evidence inspected and the governance decision reached. The role requires personally evidenced judgement about closure integrity rather than reporting a reduction in overdue issues without testing why they disappeared.
• Bring deep control-assessment and residual-risk governance competence, including issue origin, corrective intent, sustained operation and accepted limitations. Relevant experience should distinguish risk review from management implementation and independent audit authority. Explain a case where different functions used different closure criteria, how you clarified their responsibilities and what remained unresolved for an authorised governing body rather than being harmonised cosmetically.
• Show executive leadership of risk practitioners under a demanding board timetable. You should prioritise material uncertainties, defend a reopened issue and develop reviewers capable of questioning senior business owners constructively. Provide evidence of a failed corrective test, the escalation maintained and the response to pressure for a favourable closure count, including how the final risk position remained transparent.
• Establish five-day availability from the start date and a disciplined permanent-successor transfer. Relevant proof can arise from a material risk responsibility change or leadership handover. Describe the issue-review or escalation rehearsal used, the residual matters accepted by sponsors and how the incoming leader demonstrated independence without relying on your personal interpretation of undocumented management assurances.

Application

Applications for this mandate are received in one way only: through the India Board Terminal's application process. It is automated end to end. Your Executive Passport travels to the mandate holder in its confidential form, your answers to the three questions below are read before anything else in your file, and every stage that follows is recorded on your applications page.

There is no address to write to and no intermediary to call. The mandate holder reads what the Terminal delivers and nothing else, which is what keeps the process the same for every applicant and keeps your name out of it until you release it. Applications close on 13 October 2026. Mandate reference CVU-INT-2026-IND-078.