IARC - Risk Management Officer

Job Description: Risk Manager - Enterprise Risk & Compliance.

Location Okhla.

Position Summary:

- We are seeking a seasoned Risk Manager to lead the design, implementation, and oversight of our Enterprise Risk Management (ERM) framework.

- The role will involve shaping the organization's risk strategy, ensuring regulatory compliance, and embedding a strong risk culture across all business units.

- This position plays a critical role in maintaining organizational resilience, enhancing risk-adjusted returns, and ensuring alignment with regulatory and investor expectations.

Key Responsibilities:

Enterprise Risk Strategy & Framework:

- Design, implement, and maintain a comprehensive ERM framework tailored to the company's core operations (asset acquisition, resolution, and recovery).

- Develop and steer the organization's risk appetite and strategy, ensuring alignment with business objectives and financial performance goals.

- Review and update risk policies, internal controls, and governance documents periodically.

Risk Identification, Assessment & Mitigation:

- Conduct quarterly reviews of the Risk Appetite Statement and risk thresholds across categories including Capital, Credit, Liquidity, Legal, Market, Operational, Regulatory, Technology, and Talent.

- Oversee risk assessments and ensure adequate mitigation plans are in place for all high and medium-risk areas.

- Maintain the enterprise Risk Register and ensure it is regularly updated with emerging risks and action plans.

Compliance & Regulatory Oversight:

- Ensure strict adherence to RBI guidelines applicable to ARCs and compliance with other regulatory frameworks (e.G., SARFAESI Act).

- Liaise with Resolution and Acquisition teams to coordinate submissions to Rating Agencies, including regular and first-time reviews.

- Compile and validate final reports sent to Rating Agencies and coordinate timely responses to their queries.

Business Continuity & Crisis Management:

- Develop and maintain Business Continuity Plans (BCP) and ensure preparedness for operational disruptions affecting data, legal, or recovery processes.

- Lead efforts around cybersecurity, data privacy compliance, and information security risk mitigation.

- Secure and review appropriate insurance coverage for assets, liabilities, and business continuity risks.

Stakeholder Engagement & Risk Culture:

- Provide transparent and timely risk insights to the Board, investors, auditors, and regulators.

- Champion a culture of accountability and risk awareness across all departments, particularly in acquisition, recovery, legal, and finance.

- Serve as a key advisor on risk-related matters, helping leadership make informed, risk-aware decisions.

Qualifications & Skills:

- Bachelor's or Master's degree in Risk Management, Finance, Law, Business Administration, or related field.

- 7+ years of relevant experience in enterprise risk management, preferably in financial services, banking, or ARC sector.

- Strong knowledge of RBI guidelines, SARFAESI Act, and other regulatory frameworks.

- Experience with risk assessments, policy development, and crisis management planning.

- Excellent communication, analytical, and stakeholder management skills.

- Ability to work cross-functionally and influence risk-aware behaviors across teams.

Preferred Certifications: FRM (Financial Risk Manager), PRM (Professional Risk Manager), or equivalent certifications are a plus.