Risk Manager

1 week ago

Mumbai, Maharashtra, India CFM Asset Reconstruction Private Limited Full time

Job Purpose

To support the development, implementation, and continuous improvement of the Enterprise Risk Management framework of the ARC, ensuring identification, assessment, monitoring, and mitigation of risks across business lines, in line with regulatory expectations (e.g., RBI guidelines), internal policies, and best practices.

Key Responsibilities (KRA)

1. Risk Identification and Assessment

  • Conduct enterprise-wide risk assessments across strategic, operational, market, legal, and reputational risks.
  • Assist in Identify emerging risks specific to ARCs such as valuation risk, legal risk in resolution plans, recovery shortfall risk, etc.
  • Assist in performing risk reviews of business proposals, investment memos (acquisition of NPAs), and restructuring strategies.

2. Risk Monitoring & Reporting

  • Develop and maintain key risk indicators (KRIs), risk registers, and dashboards.
  • Support development of Board-level and CRO dashboards for risk reporting.

3. Policy and Framework Development

  • Assist in developing and periodically updating the Risk Management Policy and supporting risk-specific frameworks (credit risk, operational risk, market risk, etc.).
  • Coordinate periodic stress testing, scenario analysis, and sensitivity assessments.

4. Compliance and Governance

  • Ensure compliance with RBI regulations related to ARCs (e.g., Fair Practices Code, provisioning norms, asset classification, investment cap, group exposure).
  • Support ICA/Resolution Plan review from a risk perspective.
  • Coordinate internal audits and risk reporting to the Board/RMC.

5. Operational Risk & Controls

  • Conduct RCSA (Risk & Control Self-Assessments) and track mitigation measures.
  • Investigate risk incidents or breaches and facilitate root cause analysis.

6. Technology & Data Risk

  • Work with IT teams to ensure data integrity, cyber risk controls, and regulatory compliance
  • Contribute to automation of risk reporting and data analytics for better risk insights.

Key Performance Indicators (KPIs)

  • Timely and accurate submission of risk reports and dashboards.
  • Risk event/incident management within defined timelines.
  • Implementation and monitoring of KRIs and risk appetite metrics.
  • Audit and regulatory feedback on the risk function.
  • Progress on mitigation of high-rated risks as per risk register.

Skills & Qualifications

Must-Have

  • CA/MBA or equivalent in Finance/Risk discipline.
  • 2–3 years of experience in risk, preferably in ARC/NBFC/Bank/credit risk domain.
  • Basic understanding of ARC business model, NPA acquisition, resolution strategies, and regulatory landscape.
  • Working experience in developing risk registers, KRIs, and internal controls.

Desirable

  • Working knowledge of RBI guidelines for ARCs (Master Directions, acquisition norms, SR issuance).
  • Familiarity with credit due diligence, valuation methodologies, and stress testing.
  • Proficiency in Excel and risk management systems.

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