Head - Risk Management (RMS)

Job Description: Head - Risk Management (RMS)

Position: Head - Risk Management (RMS)
Experience: 15 years or more in Risk Management or related profiles
Location: Mumbai or Mohali ( Punjab)
Department: Risk Management

Role Overview:
As the Head of Risk Management, you will be responsible for planning, implementing, and managing the risk management strategies of the organization. You will supervise a team, collaborate closely with senior management, and ensure the organizations adherence to exchange guidelines. This role involves analyzing and mitigating risks, monitoring compliance, and providing regular risk assessments and reports.

Key Responsibilities:

• Strategic Risk Management:
• Lead the design and implementation of the risk management framework for the organization, ensuring alignment with company goals and industry standards.
• Set uniform standards for risk assessment, capital allocation, and reporting processes.
• Risk Assessment & Evaluation:
• Oversee risk identification, analysis, and estimation, providing strategies for risk mitigation.
• Ensure that risks are evaluated and aligned with the companys risk appetite and regulatory guidelines.
• Exchange Compliance:
• Ensure compliance with exchange guidelines and risk limits
• Volatility Monitoring:
• Develop models to track daily volatility in equity securities and provide risk insights to senior management in all segments of NSE, BSE, MCX, NCDEX.
• Risk Reporting & Communication:
• Provide senior management with global risk reports, evaluations, and updates on emerging risks and opportunities.
• Communicate daily trade summaries and key risk information to stakeholders.
• Best Practices & Continuous Improvement:
• Stay updated on industry best practices for risk management, ensuring their evaluation and potential implementation within the organization.
• Team Leadership & Development:
• Lead and mentor the risk management team, fostering a culture of continuous improvement and ensuring the team has the necessary skills and resources to manage risks effectively.

Desired Candidate Profile:

• Minimum of 15 years in a risk management or RMS-related role, with significant experience in stock broking.
• Bachelors or Masters degree in Finance or a related field.
• NISM Certification is must.
• Strong working knowledge of Excel and risk management tools.
• Ability to evaluate and mitigate risks, suggest corrective actions, and monitor trading activities for compliance.
• Experience in OMS trading applications like Kambala, NEST etc.