Chief Risk Officer - FinTech

Roles & Responsibilities:

Risk Strategy and framework:

- Develop and implement a comprehensive risk management strategy, framework, and policies to safeguard the company against financial, operational, compliance, and reputational risks.

- Lead the establishment and continuous improvement of the company's risk appetite, tolerance levels, and key risk indicators (KRIs) aligned with business objectives.

- Identify and assess operational risks associated with technology, systems, processes, and people.

- Collaborate Cross-Functional Teams to implement cybersecurity risk management strategies and ensure data privacy and protection.

- Establish incident management and disaster recovery plans to handle operational disruptions.

- Monitor the Risk Appetite Framework of the company, and suitably put implementation plan for the execution of the same

Credit risk management:

- Oversee the company's credit risk policies, including underwriting criteria, credit scoring models, and loan loss reserves.

- Monitor and assess emerging risks across business functions, including operational, financial, regulatory, and reputational risks.

- Lead initiatives to enhance risk identification, reporting, and mitigation processes.

- Ensure robust credit risk assessment and monitoring systems to assess customer creditworthiness and mitigate potential defaults or fraud risks.

- Monitor portfolio performance and implement strategies to manage delinquency and charge-offs.

Enterprise Risk Management Framework:

- Ensure the formulation and implementation of a comprehensive Enterprise Risk Management framework

- Develop risk-related guardrails dovetailing into the Board approved Risk appetite framework, and ensure adherence to industry standards, regulatory guidelines, and best practices.

Risk Reporting and Analytics:

- Oversee the preparation and presentation of risk management reports for senior management, the board of directors, and regulatory bodies.

- Provide data-driven insights on key risk indicators (KRIs) and recommend actions to mitigate risks.

- Collaborate with data analytics teams to enhance risk modelling and scenario analysis.

- Management of IFRS9 , IND-AS compliant Expected Credit Loss Framework

Regulatory Compliance:

- Oversee the establishment and maintenance of policies and guidelines for the development, deployment, and management of all digital products/services

- Liaise with regulatory authorities, auditors, and other stakeholders on risk-related matters.

- Ensure compliance of all regulatory/ statutory guidelines related to digital products/ service and sending statements to all regulatory/ statutory bodies

Leadership and stakeholder Management:

- Lead and mentor the risk management team, fostering skill development and a high-performance culture.

- Work closely with internal departments (finance, operations, legal, etc.) to ensure a coordinated approach to managing risks.

- Build strong relationships with external stakeholders, including regulators, auditors, and industry peers.

Applicants should possess the following attributes:

- Strategic Thinking: Ability to anticipate risks and align risk management strategies with the organization's long-term objectives.

- Leadership: Strong leadership skills to manage a diverse team and influence cross-functional stakeholders in implementing risk frameworks.

- Analytical Expertise: High-level analytical capabilities to assess complex risk scenarios, conduct thorough analysis, and derive actionable insights.

- Regulatory Knowledge: Deep understanding of industry regulations and risk management best practices to ensure compliance and effective governance.

- Decision-Making: Strong, data-driven decision-making skills to manage crisis situations and recommend sound risk mitigation strategies.