Chief Risk Officer - NBFC (16-30 yrs)
N+A
posted 19hr ago
Flexible timing
Roles & Responsibilities:
Risk Strategy and framework:
- Develop and implement a comprehensive risk management strategy, framework, and policies to safeguard the company against financial, operational, compliance, and reputational risks.
- Lead the establishment and continuous improvement of the company's risk appetite, tolerance levels, and key risk indicators (KRIs) aligned with business objectives.
- Identify and assess operational risks associated with technology, systems, processes, and people.
- Collaborate Cross-Functional Teams to implement cybersecurity risk management strategies and ensure data privacy and protection.
- Establish incident management and disaster recovery plans to handle operational disruptions.
- Monitor the Risk Appetite Framework of the company, and suitably put implementation plan for the execution of the same
Credit risk management:
- Oversee the company's credit risk policies, including underwriting criteria, credit scoring models, and loan loss reserves.
- Monitor and assess emerging risks across business functions, including operational, financial, regulatory, and reputational risks.
- Lead initiatives to enhance risk identification, reporting, and mitigation processes.
- Ensure robust credit risk assessment and monitoring systems to assess customer creditworthiness and mitigate potential defaults or fraud risks.
- Monitor portfolio performance and implement strategies to manage delinquency and charge-offs.
Enterprise Risk Management Framework:
- Ensure the formulation and implementation of a comprehensive Enterprise Risk Management framework
- Develop risk-related guardrails dovetailing into the Board approved Risk appetite framework, and ensure adherence to industry standards, regulatory guidelines, and best practices.
Risk Reporting and Analytics:
- Oversee the preparation and presentation of risk management reports for senior management, the board of directors, and regulatory bodies.
- Provide data-driven insights on key risk indicators (KRIs) and recommend actions to mitigate risks.
- Collaborate with data analytics teams to enhance risk modelling and scenario analysis.
- Management of IFRS9 , IND-AS compliant Expected Credit Loss Framework
Regulatory Compliance:
- Oversee the establishment and maintenance of policies and guidelines for the development, deployment, and management of all digital products/services
- Liaise with regulatory authorities, auditors, and other stakeholders on risk-related matters.
- Ensure compliance of all regulatory/ statutory guidelines related to digital products/ service and sending statements to all regulatory/ statutory bodies
Leadership and stakeholder Management:
- Lead and mentor the risk management team, fostering skill development and a high-performance culture.
- Work closely with internal departments (finance, operations, legal, etc.) to ensure a coordinated approach to managing risks.
- Build strong relationships with external stakeholders, including regulators, auditors, and industry peers.
Applicants should possess the following attributes:
- Strategic Thinking: Ability to anticipate risks and align risk management strategies with the organization's long-term objectives.
- Leadership: Strong leadership skills to manage a diverse team and influence cross-functional stakeholders in implementing risk frameworks.
- Analytical Expertise: High-level analytical capabilities to assess complex risk scenarios, conduct thorough analysis, and derive actionable insights.
- Regulatory Knowledge: Deep understanding of industry regulations and risk management best practices to ensure compliance and effective governance.
- Decision-Making: Strong, data-driven decision-making skills to manage crisis situations and recommend sound risk mitigation strategies.
Functional Areas: Other
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