About the role
Corporate Risk Management (L&T Group) Role Purpose Support the assessment, evaluation, and monitoring of project and enterprise risks across the L&T Group by facilitating pre-bid and execution risk reviews, reviewing contractual and commercial exposures, supporting bank guarantee recommendations, and ensuring adherence to Enterprise Risk Management (ERM) processes. Key Responsibilities 1. Tender Risk Assessment & Risk Profiling Assess tender documents during the pre-bid stage and identify key project risks. Prepare comprehensive risk profiles covering: Contractual Risks Execution Risks Commercial Risks Counterparty Risks Country Risks Regulatory Risks (India and international markets) Technology and Obsolescence Risks Provide risk-related inputs and recommendations to support informed bid decisions. 2. Pre-Bid & Execution Risk Reviews Coordinate and facilitate Pre-Bid Risk Reviews and Execution Risk Reviews across L&T businesses. Organize and participate in project/site visits as required. Prepare project-specific risk assessments, risk profiles, portfolio analyses, and review reports. Support management in evaluating project risk exposure and mitigation strategies. 3. Bank Guarantee Review & Recommendation Support Review requests for issuance and extension of bank guarantees for projects across the L&T Group. Evaluate proposals from contractual, commercial, and risk perspectives. Provide recommendations to support decision-making regarding bank guarantee approvals and extensions. 4. Enterprise Risk Management (ERM) Compliance Ensure adherence of Independent Companies (ICs) to the Enterprise Risk Management (ERM) framework and related processes. Coordinate with IC Risk Teams to facilitate effective implementation of ERM requirements. Monitor compliance with risk management policies, procedures, and reporting requirements. Support continuous improvement initiatives relating to risk governance and risk management practices.