Sr Associate / Deputy Manager – Risk Management

Location: Mumbai

Responsibilities:

1. Implement and manage the Operational Loss Framework, covering actual
losses, near misses, and potential risks.
2. Conduct Risk & Control Self-Assessment (RCSA) and Key Risk Indicator
(KRI) evaluations, including data gathering and analysis.
3. Oversee policy frameworks and monitoring processes related to Fraud,
Whistleblowing (WB), and Code of Conduct, ensuring effective
investigation and compliance.
4. Organize awareness and training programs on Enterprise Risk Management
(ERM) functions, including Operational Risk and Compliance Risk.
5. Monitor Investment Risk Limits of the trading desk and ensure compliance
with risk guidelines.
6. Perform Scenario Analysis and Stress Testing of portfolios to assess
potential vulnerabilities.
7. Analyze macro and microeconomic trends to proactively assess and
mitigate risks in the trading portfolio.
8. Prepare and present daily, weekly, and quarterly reports to the Investment
Committee, IRMC, and RMCB.
9. Conduct risk evaluations of mandates and deals, ensuring alignment with
organizational risk appetite.
10.Liaise with internal stakeholders, auditors, and consultants to ensure a
robust risk management framework.
11.Review and update Risk Management Policies in response to evolving
business and market conditions.

Core Competencies:

1. 3 to 5 years of experience in the Banking & Financial Services Industry
within the Risk Management function OR experience in a Big 4 firm auditing
the Risk Management function across various risk categories.
2. Strong understanding of Risk Management principles and frameworks.
3. Proficiency in data analysis, trend evaluation, and risk assessment
methodologies.
4. Experience in stress testing and scenario analysis of financial portfolios.
5. Excellent stakeholder management and communication skills.
6. Ability to adapt to dynamic financial markets and regulatory landscapes.

Qualifications:

Mandatory: CA or MBA
Desirable: Degree or certification in Financial Risk / Enterprise Risk (FRM, PRMIA,
CFA, RIMS, ERM)