Position : Chief Risk Officer (CRO)

Location: Mumbai

Budget- upto 45 LPA

Role Overview:

The Chief Risk Officer will be responsible for establishing and strengthening an organization-wide risk-conscious culture across the Asset Management Company (AMC) and Mutual Fund Schemes. The role involves designing, implementing, and governing robust risk management frameworks, structured risk reporting, and oversight mechanisms to ensure effective identification, assessment, monitoring, and mitigation of risks in line with regulatory and business objectives.

Key Responsibilities:

Risk Governance & Framework:

- Establish and promote a strong risk-aware culture across the AMC and Mutual Fund Schemes.

- Ensure formulation, review, and periodic updation of all risk-related policies and place them before the relevant Risk Management Committees for approval.

- Perform periodic review and enhancement of the Enterprise Risk Management Framework (ERMF) and present the same to the Risk Management Committees (RMCs).

- Ensure effective implementation and governance of the Risk Management Framework (RMF) across the AMC and Mutual Fund Schemes.

Risk Monitoring & Reporting:

- Design and implement structured risk monitoring and reporting mechanisms across all risk categories.

- Periodically review the Delegation of Powers (DoP) covering daily risk management, risk reporting, and corrective actions at the Fund Manager, CIO, and CEO levels.

- Independently assess the quality, adequacy, and effectiveness of risk reporting to senior management and various committees.

- Review and report key risk matters to the ERMC, Board Risk Committee of the AMC, and Trustees.

- Report outcomes of the risk management function to the CEO at least on a monthly basis.

Risk Appetite & Metrics:

- Review and recommend changes to the risk appetite statement and risk metrics for the AMC and Mutual Fund Schemes in alignment with business strategy and regulatory expectations.

- Formulate and recommend changes to roles, responsibilities, and KRAs related to risk management and place the same before relevant committees for approval.

Operational, Credit & Fraud Risk:

- Ensure formulation and implementation of adequate mechanisms for monitoring risk parameters related to credit risk and fraud risk.

- Oversee risk strategies, controls, and reporting frameworks for operational, credit, and fraud risks.

Risk Assessment & Emerging Risks:

- Define and implement processes for assessing controls against identified risks, including RCSA and stress testing.

- Identify, assess, and evaluate emerging risks and their potential impact on the AMC and Mutual Fund Schemes.

- Ensure structured reporting of existing and emerging risks to the Risk Management Committee of the Board of the AMC and Trustees.

Key Skills & Competencies:

- Enterprise Risk Management (ERM)

- Investment Risk, Operational Risk

- Risk Governance & Regulatory Compliance

- Risk Appetite Framework & KRIs

- RCSA, Stress Testing & Scenario Analysis

- Board & Committee Reporting

- Strong stakeholder management and leadership capabilities