Chief Risk Officer - BFS

Job Title: Chief Risk Officer

Reports To: Chief Executive Officer (CEO) / Board Risk Committee

Position Overview:

We are seeking an experienced and detail-oriented Chief Risk Officer (CRO) to lead the enterprise risk management function for our mutual fund/asset management organization. The CRO will be responsible for identifying, assessing, monitoring, and mitigating all types of risks-investment, operational, regulatory, and reputational-ensuring alignment with the firm's strategic objectives and compliance with regulatory guidelines (SEBI, AMFI, etc.).

Key Responsibilities:

- Risk Strategy & Governance

- Develop and implement a robust risk management framework and policies in line with regulatory and internal governance standards.

- Establish risk appetite and tolerance limits in consultation with senior leadership and the board.

- Act as the key liaison with regulators on all risk-related matters.

- Investment Risk Oversight

- Monitor portfolio risks including market, credit, liquidity, and concentration risks.

- Ensure appropriate controls and tools are in place to track performance volatility and benchmark adherence.

- Review and challenge investment decisions from a risk perspective.

- Operational & Enterprise Risk Management

- Identify operational risks across front, middle, and back-office functions and drive mitigation strategies.

- Lead risk reviews, scenario analysis, and stress testing exercises.

- Oversee incident reporting, root cause analysis, and control remediation.

- Regulatory Compliance & Reporting

- Ensure ongoing compliance with SEBI, AMFI, and global risk regulations where applicable.

- Prepare and present risk reports to senior management, board committees, and regulators.

- Guide internal audit and compliance teams on risk-related aspects.

- Risk Culture & Awareness

- Promote a proactive risk culture across the organization through training, communication, and collaboration.

- Conduct regular risk assessments and workshops with business units.

Qualifications: CA/CFA/MBA or equivalent; FRM or PRM certification is highly desirable.