VP Risk Management

The role will have broad ownership across Credit Risk, Enterprise Risk, Operational Risk, Liquidity Risk and Compliance Risk, with a strong focus on risk governance, regulatory compliance, portfolio monitoring and Board-level risk reporting.

Key Responsibilities:

- Develop and implement the Enterprise Risk Management (ERM) framework and Risk Appetite Framework.

- Establish and strengthen the organisation's risk monitoring and governance framework.

- Monitor and manage Credit, Operational, Liquidity, Compliance and other key enterprise risks.

- Conduct portfolio risk reviews, stress testing and Early Warning Signal (EWS) monitoring.

- Prepare and present risk reports and key risk insights to Senior Management and Board/Risk Management Committees.

- Oversee the Credit Audit function, ensuring adherence to credit policies, underwriting standards and regulatory requirements.

- Ensure compliance with RBI Master Directions, Circulars, Prudential Norms, Scale Based Regulation (SBR), Corporate Governance Guidelines and other applicable regulations.

- Supervise timely submission of RBI returns, regulatory filings, responses and compliance certifications.

- Coordinate RBI inspections, supervisory reviews and regulatory audits, including implementation and closure of observations.

- Liaise with RBI, statutory/internal auditors and other regulatory authorities on risk and regulatory matters.

- Work closely with senior management and business teams to ensure appropriate risk-adjusted decision-making and governance.

- Provide independent risk oversight while balancing business growth, portfolio quality and regulatory expectations.

Ideal Candidate Profile:

- Senior Risk professional with experience across multiple risk domains, rather than a single specialist risk function.

- Strong experience in Enterprise Risk Management and Risk Appetite Framework implementation.

- Strong understanding of Credit Risk, Operational Risk, Liquidity Risk and Compliance/Regulatory Risk.

- Experience in ICAAP, stress testing, EWS and portfolio risk monitoring would be highly relevant.

- Exposure to Credit Audit either through direct leadership or oversight.

- Strong understanding of RBI regulations and NBFC regulatory framework, including SBR.

- Experience in handling RBI inspections/supervisory reviews and regulatory observations.

- Good exposure to Board/Risk Management Committee reporting and senior stakeholder management.

- Knowledge/experience of project appraisal, project monitoring and recovery is expected, although direct involvement in project appraisal will not be the primary responsibility of the role.