Chief Risk Officer - Banking (19-25 yrs)

looking for CRO for a leading banking captive in Pune

The Chief Risk Officer, who is independent of business units, reports to the Risk Committee of the Board (BRC) and the Chief Executive Officer.

The Chief Risk Officer:

- Oversees compliance with our risk limits

- Approves exceptions to our risk limits

- Independently reviews material market, credit, model, operational and liquidity risks

- Reviews results of risk management processes with the Board, the BRC, the Operations and Technology Committee of the Board (BOTC) and the Audit Committee of the Board (BAC), as appropriate.

- The Chief Risk Officer also coordinates with the Chief Financial Officer regarding capital and liquidity management and works with the Compensation, Management Development and Succession Committee of the Board to help ensure that the structure and design of incentive compensation arrangements do not encourage unnecessary and excessive risk taking.

Independent Risk Management Functions:

- The risk management functions (Market Risk, Credit Risk, Operational Risk, Model Risk and Liquidity Risk Management departments) are independent of our business units and report to the Chief Risk Officer.

- These functions assist senior management and the FRC in monitoring and controlling our risk through a number of control processes. Each function maintains its own risk governance structure with specified individuals and committees responsible for aspects of managing risk.

- Risk Committee of the Board

The Risk Committee of the Board:

- Assists the Board in its oversight of the ERM framework

- Oversees major risk exposures of the Firm, including market, credit, model and liquidity risk, against established risk measurement methodologies and the steps management has taken to monitor and control such exposures

- Oversees our risk appetite statement, including risk limits and tolerances

- Reviews capital, liquidity and funding strategy and related guidelines and policies; reviews the contingency funding plan and capital planning process

- Oversees our significant risk management and risk assessment guidelines and policies

- Oversees the performance of the Chief Risk Officer

- Reviews reports from our Strategic Transactions Committee, CCAR Committee and RRP Committee.

- Reviews new product risk, emerging risks, climate risk and regulatory matters

- Reviews the Internal Audit Department reports on the assessment of the risk management, liquidity and capital functions.

- The BRC reports to the Board on a regular basis and coordinates with other Board committees with respect to oversight of risk management and risk assessment guidelines.

- They are also responsible for independently identifying, measuring, monitoring, controlling and reporting aggregate risks and for setting standards for the management and oversight of risk. Independent risk management is comprised of Independent Risk Management (IRM) and Independent Compliance Risk Management (ICRM) and are led by chief risk executives (i.e., Chief Risk Officer (CRO) and Chief Compliance Officer (CCO)) who have unrestricted access to the Citigroup Board of Directors and its Risk Management Committee to facilitate the ability to execute their specific responsibilities pertaining to escalation to the Board of Directors.