Dr. Reddy’s Laboratories Ltd. is a leading multinational pharmaceutical company based across global locations. Each of our 24,000 plus employees comes to work every day for one collective purpose: to accelerate access to affordable and innovative medicines because Good Health Can’t Wait.

We started in 1984 with a modest investment, 20 employees and a bold vision. Today, we have research and development centres, manufacturing facilities or a commercial presence in 66 countries. 

For nearly four decades, we have stood for access, affordability and innovation based on the bedrock of deep science, progressive people practices and robust corporate governance. As the pharmaceutical industry evolves and undergoes disruption, we see an opportunity – to strengthen our core further (the next steps) and to build the future (the new bets).

‘The Next and the New’ is how we aim to continue to be the partner of choice – purpose-driven, future-ready and sustainable.  Our aim is to reach over 1.5 Bn+ patients across the world by 2030 by growing our core businesses and building for the future with sustainability at the core of our purpose and strategy. Sustainability for us means operating in a manner that respects people, planet and purpose – helping us conserve precious resources, serve our patients, create value for stakeholders, give back to society, fulfil our potential and maintain our integrity and transparency

Dr Reddy’s maintains a work environment, free from discrimination and is an equal opportunity employer. We are committed to employ & nurture all qualified diverse workforce without regard to race, colour religion, nationality, sex, age, disability status, genetics, sexual orientation, gender expression, citizenship or any other characteristic or classification protected by applicable law(s) of the country we operate in. We treasure every talent, and recognize merit and diversity in our organization.

Specialist - Risk & Insurance

This role will require experience in steering enterprise risk management initiatives, ensuring robust governance, proactive mitigation, and alignment with strategic objectives whilst driving continuous improvement in risk frameworks.

Key Responsibilities:

Enterprise Risk Management

• Operational Risk Assessment: Identify, analyse, and evaluate threats arising from the company's business workflows, including internal processes, people, systems, and external events at unit level. Conduct site visits to plants and business units to assess operational environments. Evaluate the design and operational effectiveness of internal controls, identifying loopholes and recommending risk-aversion measures.
• Data Analytics & Reporting: Extract and analyse data from SAP and other enterprise systems to perform comprehensive analytics. Analyse historical and real-time operational data to detect underlying trends, root causes of inefficiencies, compliance deviations, and process bottlenecks.
• KRI Dashboard & Predictive Analytics: Design and maintain enterprise-wide Key Risk Indicator (KRI) dashboards; leverage advanced analytics tools for predictive insights and trend forecasting to support proactive decision-making.
• ERM Framework Ownership: Enhance and maintain enterprise risk management policies and governance structures aligned with ISO 31000 and COSO frameworks. Ensure continuous alignment with international best practices and regulatory requirements.
• Comprehensive Risk Assessment: Conduct detailed risk assessments, scenario analysis, and stress testing across global operations. Document findings with clear risk ratings and mitigation recommendations.
• Horizon Scanning & Emerging Risks: Identify and monitor emerging risks including geopolitical, regulatory, cyber, and ESG-related threats. Prepare impact assessments and early warning reports for senior management.
• Stakeholder Engagement & Communication: Facilitate risk workshops across business units; present risk heatmaps, mitigation progress, and strategic recommendations to stakeholders at all levels. Develop risk communication strategies to enhance organisational risk awareness.
• Insurance Portfolio Management: Monitor and optimise insurance coverage; review claims data and insurance performance metrics to ensure adequate protection and cost-effectiveness.
• Regulatory Compliance & Audit Coordination: Maintain compliance with regulatory requirements; coordinate with internal and external auditors; prepare documentation for regulatory submissions and inspections.
• Business Continuity Planning: Contribute to the development and maintenance of business continuity and disaster recovery plans; conduct periodic testing and updates.
• Third-Party & Vendor Risk Assessment: Assess and monitor risks associated with key suppliers, vendors, and business partners; establish risk management requirements for third-party relationships.

Performance Monitoring: Track and report on key performance indicators including timely completion of risk assessments, accuracy of KRI dashboards, and measurable reduction in high-risk exposures through proactive mitigation efforts.

Educational Qualification: CA or equivalent professional qualification; CRMA (Certified Risk Management Assurance), CIA (Certified Internal Auditor), or CIRA (Certified Internal Risk Auditor) preferred

Minimum Work Experience: 5 to 7 years in Internal Audit and Risk Management, with demonstrated experience in enterprise risk assessment, internal control evaluation, and audit execution

Technical Skills

• Proficiency in risk assessment methodologies and frameworks including ISO 31000, COSO, and IIA standards for internal audit practice
• Advanced analytical and quantitative skills with demonstrated ability to conduct comprehensive risk assessments, scenario analysis, and root cause analysis of operational issues
• Expertise in designing and maintaining Key Risk Indicator (KRI) dashboards and utilising data analytics tools for predictive insights and trend forecasting
• Strong proficiency in extracting, analysing, and interpreting data from enterprise systems (SAP and similar platforms) to identify compliance deviations, process bottlenecks, and control weaknesses
• Demonstrated competency in evaluating the design and operational effectiveness of internal controls, identifying control gaps, and recommending risk mitigation measures
• Knowledge of business continuity planning, disaster recovery frameworks, and third-party risk assessment methodologies
• Proficiency in audit documentation, regulatory compliance requirements, and preparation of audit reports and regulatory submissions

Behavioural Skills

• Excellent communication and presentation skills, with the ability to articulate complex risk concepts and audit findings to stakeholders at all organisational levels
• Strong attention to detail and commitment to maintaining rigorous operational processes and internal controls
• Demonstrated ability to engage effectively with business units, facilitate risk workshops, and build stakeholder confidence in risk management initiatives
• Proactive mindset with capability to identify emerging risks and horizon-scan for geopolitical, regulatory, cyber, and ESG-related threats

   

About the Department
Finance
The Finance function at Dr. Reddy's goes beyond the traditional roles of monitoring costs, supervising accounting and creating reports. Deep into its digitalization transformation journey, the function works with all departments in the organization as a strategic partner and plays a major role in supporting management in its decision making.

The function is distributed globally and has business partnering teams allied to different business units as Controller and Planners. And, secondly distributed as multiple Centre of Excellence housed in Corporate office, such as treasury, Risk & Assurance, Taxation, Corporate Analytics, Investor Relations, GFRT and GBS.

Benefits Offered
At Dr. Reddy’s we actively help to catalyse your career growth and professional development through personalised learning programs.
The benefits you will enjoy at Dr. Reddy’s are on par with the best industry standards. They include, among other things and other essential equipment, joining & relocation support, family support (Maternity & Paternity benefits), learning and development opportunities, medical coverage for yourself and your family, life coverage for yourself.

Our Work Culture
Ask any employee at Dr. Reddy’s why they come to work every day and they’ll say, because Good Health Can’t Wait. This is our credo as well as the guiding principle behind all our actions. We see healthcare solutions not only as scientific formulations, but as a means to help patients lead healthier lives, and we’re always attuned to the new and the next to empower people to stay fit. And to do this, we foster a culture of empathy and dynamism. People are at the core of our journey over the last few decades. They have been supported by an enabling environment that buoys individual ability while fostering teamwork and shared success. We believe that when people with diverse skills are bound together by a common purpose and value system, they can make magic.
For more details, please visit our career website at https://careers.drreddys.com/#!/