Risk Manager – AI Risk

15 hours ago

Mumbai Maharashtra India, Maharashtra HDFC Bank Full time

Role Overview: We are seeking a seasoned Risk Manager to lead and oversee the identification, assessment, mitigation, and monitoring of risks arising from the adoption and use of Artificial Intelligence (AI) across the bank’s Technology and its operations. This role is critical in ensuring the responsible, secure, and compliant use of AI technologies in alignment with regulatory expectations, ethical principles, and the bank’s internal risk appetite. Key Responsibilities: AI Risk Governance: - Develop and implement AI-specific risk management frameworks and policies in collaboration with stakeholders. - Establish governance protocols for AI/ML implementations, explainability, and bias mitigation. Risk Identification & Assessment: -Identify operational, ethical, regulatory, and reputational risks associated with AI systems and use cases and implementation. - Lead risk assessments (RCSA) for AI/ML initiatives across business units including credit scoring, fraud detection, chatbots, etc. Regulatory Compliance & Monitoring: - Ensure compliance with RBI guidelines, DPDP Act, SEBI/IRDA norms (if applicable), and global best practices on AI governance. - Monitor regulatory developments related to AI and data usage; act as a liaison with compliance/legal teams. Third-Party & Data Risk: -Assess AI risks associated with third-party vendors and data partnerships, including cloud-based AI solutions. -Ensure adherence to Cloud, API , data privacy, cybersecurity, and model governance norms.

Stakeholder Engagement: -Work with technology, analytics, legal, audit, and business teams to embed AI risk controls within the development lifecycle and production systems. -Support internal audit reviews and present AI risk posture to senior management and committees. Model Risk Management: -Coordinate with the Model Risk Management (MRM) team to validate AI/ML models. -Drive initiatives around explainability (XAI), fairness, and performance monitoring of AI tools. Desired Candidate Profile Education: -Graduate/Postgraduate in Engineering ( Computer Science / ELTC) or MCA . -Certifications in AI Governance, Risk Management, or Cybersecurity (e.g., IRM, CRISC, CDPSE, FRM, etc.) are preferred. Experience: -About 10+ years of relevant experience in risk management, of which 3-5 years should be in AI/technology risk, model governance, or digital risk. -Exposure to the BFSI sector (preferably banking) with strong understanding of regulatory risk landscape in India. Skills: -Knowledge of AI/ML model lifecycle, associated risks, and risk mitigation techniques. -Understanding of regulatory frameworks related to data privacy, ethics in AI, and digital transformation. -Strong analytical, communication, and stakeholder management skills. -Familiarity with AI use cases in banking and associated controls

  • Credit Risk Model Governance

    1 week ago

    Mumbai, Maharashtra, India Risk Inn Full time ₹ 6,00,000 - ₹ 18,00,000 per year

    Apply Now:Join a top-tier firm and contribute to high-impact projects in a rapidly evolving risk and analytics landscape. Please Read the Job Description and apply if you fulfil the criteria. Click this link to submit your application after reviewing the details below: We are currently supporting our client in India, a leadingRisk Analytics and Consulting...

  • Risk Assessor

    1 week ago

    Mumbai, Maharashtra, India Pro Risk Business Solutions Full time ₹ 6,00,000 - ₹ 12,00,000 per year

    Risk Assessment of cases for companies' clients. Medical Underwriting and basic understanding of reading medical reports & read ECG / TMTMEDICAL UNDERWRITING, Financial Underwriting, Risk AssessmentKey Responsibilities:Risk Assessment: Conduct thorough risk assessments for clients' cases, evaluating both medical and financial information.Medical...

  • Risk Management

    15 hours ago

    Mumbai, Maharashtra, India, Maharashtra Anand Rathi Group Full time

    Company Name - Anand Rathi Global Intermediaries Limited (Stock Broker)Company OverviewWe are a SEBI-registered Trading Member and Self-Clearing Member with a focus on institutional broking, proprietary trading, and promoter group trading activities.Role OverviewThe Risk Manager leads the development, implementation, and oversight of risk management policies...

  • Senior Internal Auditor

    1 week ago

    Mumbai, Maharashtra, India Aliviar Risk Full time ₹ 9,00,000 - ₹ 12,00,000 per year

    Company DescriptionAliviar Risk is a management consulting firm specializing in risk management and controls reviews. Our mission is to help businesses mitigate risks to achieve their objectives. We offer comprehensive services to strengthen a company's control environment, focusing on Internal Audit, Business Process Improvement, Governance, Risk and...

  • Risk Manager

    15 hours ago

    Mumbai, Maharashtra, India, Maharashtra Anand Rathi Global Finance Limited Full time

    About the Company Anand Rathi Global Finance Limited is a financial services company registered with Reserve Bank of India as a non-banking finance company (NBFC) and classified as a Loan Company that is categorized as 'Systemically Important Non-Deposit taking Non-Banking Financial Company (NBFC-ND-SI). The Company is engaged in the business of lending and...

  • Risk Manager

    4 days ago

    Mumbai, Maharashtra, India Deutsche Bank Full time ₹ 12,00,000 - ₹ 36,00,000 per year

    Job Title: Risk Manager - DWS Non-financial Risk Management, AVP Location: Mumbai, India Role Description Team and Position Description The DWS Non-financial Risk Management (NFRM) team is part of the DWS Chief Risk office within the DWS CFO division. The DWS Chief Risk office is a dedicated risk oversight and control function,...

  • Internal Auditor

    1 week ago

    Mumbai, Maharashtra, India Aliviar Risk Full time US$ 60,000 - US$ 1,20,000 per year

    The Internal Auditor will be responsible for evaluating financial and operational controls, ensuring compliance with regulations, identifying risks, and recommending process improvements for our clients. This role is ideal for someone who thrives in a client-facing environment and has a passion for delivering insights that drive business value.Key...

  • AVP - Risk Management

    15 hours ago

    Mumbai, Maharashtra, India, Maharashtra Mashreq Full time

    Job Purpose This role is envisaged to operationalize various aspects related to Risk review, control and monitoring. Market Risk monitoring The role is to ensure strict adherence to various regulatory guidelines and BASEL requirements related to credit risk Review & Monitoring function. This role also envisages monitoring various aspects related to market...

  • Enterprise Risk Manager

    15 hours ago

    Mumbai, Maharashtra, India, Maharashtra Generali Central Life Insurance Full time

    Job Location - Marol (Mumbai)1. Responsible for Financial and Operational Risk related Reporting to Region/Group2. Adoption and Implementation of Generali Group Policies and Guidelines3. Carry out annual Operational Risk Assessment (ORA) and Main/Emerging Risk Self Assessment (MRSA)4. Monitor and control Key (Top) Risks and Focused Business Risks (FBRs) and...

  • IT Risk and control

    15 hours ago

    Mumbai, Maharashtra, India, Maharashtra Smart IMS Inc. Full time

    Your backgroundIndividual with IT risk/audit experience preferably in Banking/FI domain.Bachelor’s degree in IT, minimum 5-7 plus years of experience, industry certifications (CISA, CISM, COBIT foundation, etc) preferred.Relevant experience in executing Risk initiatives within a tech risk function, compliance or technology audit roleExperience in leading...