Chief Risk Officer- Mumbai

Position

Chief Risk Officer

Role

Ø  Establishing an organisation wide risk conscious culture. Formulate and implement structured reporting process for risk monitoring

Ø  Responsible for overall risk management related activities of the AMC and Mutual Fund Schemes

Ø  Responsible for implementation and governance of RMF across the AMC and the Mutual Fund Schemes

Job Description

Ø  Ensure all risk-related policies are defined, reviewed, and updated periodically and placed at the relevant risk management committee for approval.

Ø  Perform periodic review and update the ERMF defined by the AMC and place the same to the RMCs for the approval.

Ø  Formulate and recommend changes to roles and responsibilities including KRAs relating to risk management activities and place these at the RMCs for approval.

Ø  Periodically review the DoP covering daily risk management, risk reporting and corrective actions at the level of Fund manager, CIO and CEO

Ø  Review and suggest changes to the risk appetite and risk metrics for the AMC and scheme as defined by the CEO

Ø  Ensure formulation and implementation of adequate mechanism for risk parameters at credit and fraud risk strategies and reporting framework on the same

Ø  Review and report  the ERMC and Board Risk Committee of AMC and Trustee

Ø  Independently assess reporting of risks to various committees and the management

Ø  Report outcomes of the risk management function to the CEO at least once a month.

Ø  Define process to assess the control against identified risk(RCSA, Stress Testing)

Ø  Identify, assess and estimate emerging risks and their possible impact on the AMC and mutual fund schemes

Ø  Report existing and emerging risks associated with the MF and the AMC activities in a structured manner to the Risk Management Committee of Board of AMC and Trustee

Location

Mumbai