Chief Risk Officer - Group

Location: Andheri East, Mumbai

Reporting To: Group CEO, with functional reporting to the Board Risk Management Committee

Experience: 15 - 22 years

Industry Preference: Agri Commodities, Commodity Trading, NBFC, Trade Finance, Warehousing & Collateral Management, Banking

About the Role

We are looking for a seasoned Chief Risk Officer (CRO) to lead the Group-wide Enterprise Risk Management function across a diversified, multi-entity and multi-geography business.

The role will have end-to-end responsibility for identifying, assessing, monitoring and mitigating risks across credit & counterparty risk, commodity price risk, collateral & warehousing risk, trade finance, liquidity & treasury, regulatory & compliance, operational, technology/cyber and cross-border risks.

Key Responsibilities

- Design and implement a comprehensive Group-wide Enterprise Risk Management (ERM) framework, including risk appetite, risk taxonomy, limits, policies and governance structures.

- Establish consolidated risk registers, KRIs, risk dashboards and escalation mechanisms across entities.

- Oversee collateral, warehousing and custodial risks, including stock reconciliation, warehouse audits, quality/quantity risk, insurance and warehouse receipt controls.

- Develop frameworks for commodity price and market risk, including exposure limits, MTM monitoring, concentration risk and hedging.

- Lead credit, counterparty and trade finance risk, including due diligence, credit limits, exposure monitoring and settlement-risk controls.

- Partner with the NBFC business on credit underwriting, portfolio quality, NPA/stressed assets, provisioning and recovery risks.

- Monitor liquidity, ALM, interest-rate, refinancing, leverage and covenant risks across the Group.

- Oversee FX and cross-border risks arising from international commodity trade and overseas operations.

- Ensure appropriate oversight of regulatory and compliance risks, including RBI, WDRA and applicable commodity exchange regulations.

- Establish a strong operational, fraud and technology/cyber risk framework, including incident management and business continuity.

- Assess climate, ESG and reputational risks and their potential impact on the Group.

- Provide independent risk assessment and challenge on major credit exposures, trade finance transactions, new businesses, products and geographies.

- Prepare and present periodic risk reports, portfolio reviews and KRI dashboards to the CEO, CFO, Risk Management Committee and Board.

- Build and lead the Group Risk function and develop risk capabilities across key business entities.

Candidate Profile

- CA / MBA (Finance) / CFA or equivalent postgraduate qualification.

- FRM / PRM certification would be an added advantage.

- 15 - 22 years of progressive experience in risk management, credit risk, commodity trade finance or treasury.

- At least 5 - 7 years in a CRO / Head of Risk / senior risk leadership role.

- Strong exposure to one or more of the following is preferred:

1. Agri-commodity businesses

2. Commodity trading

3. Warehousing / collateral management

4. NBFC lending

5. Trade finance

6. Banking / financial institutions

7. Commodity exchanges

- Proven experience in building or scaling an enterprise risk function across multiple entities/geographies.

- Exposure to NBFC/RBI regulatory risk and cross-border trade risk is preferred.

- Experience interacting with Boards, Risk Committees, rating agencies, banks and financial institutions.

Core Competencies

- Strong understanding of credit, commodity price and collateral/custodial risk

- Enterprise Risk Management and risk governance

- Strong analytical and quantitative capabilities

- Risk modelling, exposure limits and portfolio analytics

- Strong stakeholder management and Board-level communication

- Ability to independently challenge business decisions while maintaining commercial pragmatism

- High integrity and sound risk judgment

- Ability to operate effectively across a complex, multi-entity environment