Ujjiva Small Finance Bank - Enterprise Risk Manager

Enterprise Risk Management

ROLE PURPOSE & OBJECTIVE:

To develop an Enterprise Risk Management framework for assessing, identifying, monitoring and reducing pertinent business, credit and pillar II risks that could interfere with the Bank's objectives and goals and summarize the results of the analysis in the Banks ICAAP document on an annual/semiannual basis and submit the same to Board and RBI.

To develop an integrated risk reporting framework with strong focus on strategic risk and de-risking strategies.

To file Capital and Leverage Ratio returns to the Regulator at stated intervals.

Prepare and publish the Pillar III disclosures for the Bank on a quarterly basis.

To act as secretariat to the ERMC and management of directions provided.

To prepare reports at stated intervals to the Risk Management Committee of the Board (RMCB)

KEY DUTIES & RESPONSIBILITIES OF THE ROLE:

Business/ Financials:

- To provide inputs to the preparation of Annual ICAAP document/quarterly ICAAP findings covering pillar I and pillar II risks such as concentration risks, Reputational Risks, Strategic Risks and compliance risk.

- Compute RAROC and Economic capital for various Credit and Treasury verticals.

- To make periodic reports on compliance to various KRI/Risk thresholds to SFBs Board of Directors / Risk Management Committee of the Board/ Regulator

- Support the implementation to credit risk management processes in Retail and Institutional Lending including preparation of policies, process notes and analysis of financial impact to the bank.

- Enterprise Risk Audit feedback to be addressed appropriately and timely.

- Support the Credit Risk audit and feedback wherever needed.

- Coordinate with business, credit, compliance and audit to identify areas for improvement in risk management frameworks (Control testing)

Customer:

- Coordinate with business and credit to regularly monitor risk related to concentration, growth and portfolio.

- Coordinate with compliance and audit to ensure external regulations and applicable policies are reviewed and implemented effectively.

- Coordinate with IT and operations to implement new frameworks agreed by business and credit

- Drive communication of all risk related policies, guidelines, latest developments across the bank to facilitate compliance to it.

Internal Process:

- To file RCA and LR and RAQ returns to the Regulator at stated intervals.

- Regular review of the risk outlook and impact of portfolio quality and recommend risk mitigation measures, if warranted.

- Ensure timely and accurate delivery of Enterprise Risk reports.

- Interpret the information and suggest actions for consideration by Senior Management

- Participate and contribute in scheduled meetings of Risk Management Committee (s)

- Proactively work on the monthly or quarterly regulatory reporting on risk related aspects

- Review the Policy on ICAAP, Stress Testing and Disclosures and other risk policy documents are regularly amended suitably and obtain necessary approvals.

- Provide inputs for collating Tranche I and II points as part of Risk Based Supervision.

Innovation & Learning:

- To conduct Induction training programs on behalf of Enterprise and Credit Risk teams.

- Maintain current knowledge of laws and regulations, keeping abreast with the most recent developments in regulations, notifications and circulars and disseminate the information regarding new regulatory developments

- Maintain a knowledge base of strategy failures and implications, provide advice on preventive actions

- Ensure goal-setting, midyear -review and annual appraisal process happens within specified timelines for self.

- Train credit and business on specific risk management frameworks.

- Participate in relevant business, credit, collections and audit reviews

MINIMUM REQUIREMENTS OF KNOWLEDGE & SKILLS:

Educational Qualifications:

- MBA in Finance or Risk management/ Chartered Accountant/Company Secretary/Cost and Management Accountant.

Experience:

- At least 5 years of experience in Risk Management from a Nationalized Bank/ Private Sector Bank/Large NBFCs.

Certifications: FRM/PRM certification will be preferred

Functional Skills:

- Understanding of the business, credit, credit risk, operational risk and other risks in the Bank.

- Knowledge of RBI polices/guidelines relevant to SFBs

- Good understanding of Risk Management principles & thorough understanding of the evolving practices for the management of credit risk and regulatory requirements

- Adept at influencing policy changes for commercial advantage or basis regulation

- Strong conceptual thinking ability to design complex mathematical models for explaining and predicting business metrics.

- Ability to apply mathematics to analyze complex data and develop conclusions and recommendations

- Efficient and effective management of the data, reporting and analytical systems.

- Exposure to credit risk modelling is desirable