Chief Risk Officer - Capital Markets - Financial Services Firm

Role: Chief Risk Officer

Firm: A diversified financial services firm with exposure to Institutional Equities, Investment Banking, Family Office Advisory and Asset Management.

Location: Mumbai

Overall purpose of role:

The successful candidate shall primarily be engaged in managing market risk and non-market risk for the Family Office and Institutional Equities businesses. The role holder will be responsible for strategic and tactical leadership in this area of Risk. They will also cover other structured financing transactions within the IB/IE divisions.

The role holder will works across functions (Finance, Quantitative Analysis, Business Line, Operations) to gather necessary data, incorporate business feedback, and communicate results. The role holder will also lead engagements in cross-functional projects aimed at increasing the rigor, precision, and timeliness of exposure capture.

Key Accountabilities :

Market risk exposure and limits management and compliance, including helping :

- Assess appetite and set limits.

- Signing off daily on exposures and sensitivities.

- Undertake book management and ensure the appropriate market risk feeds are in place.

- Managing issues linked to high limit utilization or limit breaches, escalating appropriately.

- Managing issues linked to trader mandate breaches, escalating appropriately.

- Maintain awareness of curve (repos, dividends, x-currency) levels, changes, and escalate awareness if necessary.

- Market risk analytics - work on building or helping to develop these.

- Understand and explain large desk P&L moves

- Work with traders to manage, improve and analyse market risk

- Help specify and develop standardized reporting for Risk. Ensure production of reporting for risk is accurate before publication.

- Maintain market risk view, including of the gross book exposures and sizes, for the book of business.

- Risk pricing of financial instruments and understanding of structural arrangements of related trades and their risk

- Help with the market risk management of other structured financing transactions within the Equities division

Stakeholder Management and Leadership

- Relationship management will be a critical competency for this role as there will be a broad and impactful range of engagement with application and business stake holders.

- Work in collaboration with business partners to build long lasting and high quality services to our clients.

- Communicate and facilitate key decisions with senior leadership to drive approval and progress projects.

- Drive close engagement with other Risk teams such as Credit Counterparty Risk, Finance, Operation, QA, IT.

Non-Market Risk Responsibilities include:

- Reviewing sales and trading exception reports on a daily basis and maintaining records relating to these reviews. Some examples include Best Execution, Manning and Frontrunning;

- Interacting with traders and sales people with regard to supervisory issues, exceptions and obtaining sign-offs;

- Improving and monitoring existing control frameworks and / or creating new control frameworks if none exist;

- Leading and participating in projects related to the supervisory platform and the information security program;

- Helping ensure that IE sales and trading activities satisfy all pertinent legal, regulatory and Firm requirements;

- Reviewing and interpreting Firm as well as IE-specific policies and procedures for the business;

- Identifying, designing and implementing new control / exception reports to ensure that the Firm keeps pace with the evolving Regulatory environment;

- Establishing relationships and working closely with IED supervisors, IED Risk Management, Technology, Operations and Compliance;

- Providing application approvals and performing reviews of various applications owned and accessed by IE sales and trading desks.

Person Specification

Essential Skills/Basic Qualifications:

- Graduate degree (ex. MBA, MS, PhD) in business, statistics, economic or other math based discipline required.

- 12+ years of experience in financial services.

- 10+ Experience in Risk Management, Planning, Marketing and/or Finance.

- 5+ years specific experience managing loss forecasting and/or stress testing functions within a financial services organization

Desirable skills/Preferred Qualifications:

- Very strong hands on abilities with analytic software to manage data, conduct analysis, and report results

- Excellent leadership skills evidenced through prior line management experience. Proven history of driving a positive culture and influencing a range of stakeholders.

- Evidence of strategic thinking and implementation of strategic goals and objectives

- Commercial focus - including experience of working across functions to deliver overall business strategy and driving for full P&L performance.

- Communication - effectively communicate detail and technical concepts in plain English to a wide range of audiences

- Ability to deliver accurate results within tight, pressurised deadlines supported by sound time management and organizational skills