Group Risk!

Overview of the company:

Our client is an Indian banking and financial services company that serves the space in both the B2B and B2C market. It offers banking products and financial services for corporate and retail customers. Its portfolio includes personal banking, NRI banking, wealth management, SME, and whole banking. For HNIs and ultra HNIs, it offers an exclusive product called the privy league. It is a premium banking service that offers financial services including exclusive benefits. In 2022, the company recorded annual revenues of $8.51billion and a net profit of $1.86 billion.

Job Responsibilities:

1.Risk Identification & Assessment

Participate in periodic risk profiling exercises across subsidiaries
Evaluate key risk categories such as credit, market, operational, liquidity, compliance, conduct, IT & cyber, reputation and interconnected risk between the entities of the group leading to systemic risk
Collate information from subsidiaries in standardised format

2.Governance & Reporting

Consider the Groups principal risks and maintain the Group Enterprise Risk Management Policy
Assist in preparing and presenting risk dashboards, analysis and presentation for Senior Management and GRMC meetings
Monthly and quarterly liquidity reporting to ALCO
Coordinate with finance and regulatory teams for risk disclosures and RBI returns

3.Policy Implementation & Monitoring

Ensure consistent implementation of the Group ERM policy across entities
Implement standard KRIs
Monitor performance against risk appetite and report breaches, if any
Work on implementation of directions given by Group Risk Committee

4.Collaboration

Collaborate with risk officers, compliance teams
Work with the Bank risk team to share risk benchmarks and expertise with the Group

Job Requirements:

Minimum 6-12 years of experience in risk management, preferably in banking or financial services.
Understanding of regulatory frameworks including ICAAP, RBI guidelines, and Basel norms preferred
Experience in risk analytics, stress testing, and risk appetite formulation is preferred.
Analytical mindset with attention to detail.
Excellent communication and presentation skills.
Ability to work cross-functionally and manage multiple stakeholders.