The Risk Officer will be responsible for risk assessment, monitoring, and governance of the NBFC's Corporate Lending and Lombard Lending portfolios. The role involves evaluating credit risk, collateral risk, market risk, liquidity risk, and operational risk associated with lending activities, while ensuring adherence to RBI regulations, internal risk policies, and approved risk appetite limits.

1. Credit Risk and Monitoring:

A. Lombard Lending (Loan Against Securities):

Credit Evaluation:

- Evaluate proposed financing against listed equities, mutual funds, bonds, ETFs, structured products, and other eligible marketable securities.

- Review borrower concentration, leverage profile, source of wealth, and intended use of funds.

- Assess liquidity and volatility characteristics of pledged securities.

- Determine appropriate Loan-to-Value (LTV) ratios, haircut methodologies, and security eligibility criteria.

- Review concentration limits at client, promoter group, sector, and security level.

Collateral & Market Risk Monitoring:

- Monitor daily mark-to-market (MTM) positions of pledged collateral.

- Track LTV breaches, collateral coverage levels, and margin shortfalls.

- Ensure timely issuance and monitoring of margin calls.

- Review concentration risks in individual securities and sectors.

- Assess impact of market volatility, liquidity deterioration, and corporate actions on collateral values.

- Recommend additional collateral requirements, reduction in exposure limits, or position unwinding where necessary.

Stress Testing:

- Conduct periodic stress testing under various market scenarios.

- Assess impact of price shocks, liquidity stress, and concentration events on portfolio quality.

- Evaluate adequacy of collateral buffers and haircuts under stressed conditions.

B. Corporate Lending:

- Analyse industry dynamics, borrower financial statements, cash flows, business plans, debt servicing capability, and capital structure.

- Review transaction structures, due diligence reports including financial, commercial, legal, technical, and regulatory reports.

- Recommend appropriate risk mitigants, conditions precedent, conditions subsequent, and financial covenants.

- Prepare risk opinions for Credit Committee, Risk Committee, and Investment Committee approvals.

Portfolio Monitoring:

- Monitor borrower financial performance, covenant compliance, security coverage, and repayment behaviour and identify early warning signals.

- Conduct periodic portfolio reviews, annual reviews, and risk rating assessments.

- Recommend corrective actions for deteriorating credits and watchlist accounts.

2. Risk Strategy & Regulatory Governance:

- Support the development, implementation and periodic review of the Internal Capital Adequacy Assessment Process (ICAAP) framework in line with RBI requirements.

- Support implementation of the NBFC's Enterprise Risk Management Framework and monitor risks relating to:

i. Credit Risk

ii. Market Risk

iii. Liquidity Risk

iv. Operational Risk

v. Regulatory & Compliance Risk

vi. Reputational Risk

- Track compliance with Board-approved Risk Appetite Statement and risk limits.

- Escalate material risk issues to senior management and risk committees.

- Ensure compliance with RBI guidelines applicable to NBFCs (Fair Practices Code, KYC/AML, Co-Lending, Securitization, Sourcing norms amongst others).

- Support implementation and periodic review of risk management policies.

- Assist in regulatory inspections, internal audits, and external audits.

- Maintain appropriate documentation of risk reviews, monitoring activities, and risk approvals.

- Support Risk Management Committee and Credit Committee agenda preparation and reporting.

- Oversee audit readiness, reporting, and coordination with internal/external auditors.

- Partner with technology teams to strengthen system controls, data integrity, and cyber risk measures.

- Drive implementation of risk reporting dashboards using BI/analytics tools.

Key Requirements:

- Masters degree in Finance from a reputed college/Chartered Accountant with 10 years of similar working experience.

- Self-starter and able to take responsibility with a proactive approach to daily tasks.

- Collaborate with business, product, and finance teams to balance risk with growth objectives.

- Present portfolio insights and risk assessments to the Board, investors, and regulatory authorities.

- Strong knowledge of financial management or modelling and understanding of financial regulations, proficiency in Excel, PowerPoint, dashboard tools, and portfolio management systems.

- Meticulous attention to detail in preparing reports and managing financial information and exceptional verbal and written communication skills, with the ability to present complex information clearly and concisely.