Chief Risk Officer Gift City

Job ID: 37845

Location: Gandhinagar, IN

Area of interest: Governance, Risk Management & Compliance

Job type: Regular Employee

Work style: Office Working

Opening date: 22 Aug 2025

**Job Summary**

**Chief Risk Officer Function**
As Head of the Risk function for GIFT CITY, responsible for the overall second line of defence responsibilities related to risk management, which involves oversight and challenge of risk management actions of the first line for the entity which includes:

- Building a culture of good conduct in the Risk functions and
- Providing governance oversight to embed the Enterprise Risk Management Framework including the Principal Risk Types, as well as material cross-cutting and overarching risks within the entity

**Double Hat Role, covering OTCR responsibilities**
- To uphold the integrity of the OTCR risk / return decisions in the entity and in particular for ensuring that OTCR risks are properly assessed that risk / return and control cost / benefit decisions are made transparently on the basis of this proper assessment and are controlled in accordance with the Group’s standards and its Risk Appetite.
- To ensure OTCR related Framework, Standards and policies issued under Enterprise Risk Management Framework (ERMF) are effectively embedded and communicated in Country.
- To provide a focal point of control over the aggregate level of OTCR in the entity that arises from end-to-end processes, including the design of effective controls and the systematic monitoring of process control effectiveness.
- To ensure risks pertaining to OTCR L2/L3 risks (as RFO) are being actively controlled on an end-to-end basis in Country.
- To ensure that local regulatory requirements (by IFSCA) are met as they pertain to OTCR risk management, prudential standards and governance, conduct and OTCR standards..
- End to End Oversight of OTCR Risk performance within the entity.

**Other second line responsibilities as set out in the ERMF**
- Responsible for the second line challenge to the Enterprise-Wide Stress Testing process (including the control environment and residual risk, the scenario and results of the stress test); as well as the basis of preparation, production and documentation of the scenario(s) used and the stress outputs for market risk and operational risk

**Key Responsibilities**

**Processes**
- Inform the development of business plans with the provision of cost and impairment forecasts and a balanced judgement on the external environment.
- Responsible for risk related disclosure to regulators, investors, analysts and rating agencies
- Represent the Risk function in relevant committees or management forums.
- Appraise and contribute to the development of the Bank's strategic plans.
- Align the strategy of the Risk function with business strategy and risk appetite and oversee its execution.
- Communicate to the Business the strategic intent and collective agenda for the Function.
- Maintain and develop risk capabilities and skills to meet ongoing business needs and plans - awareness and understanding of the wider business, economic and market environment in which the Group operates
- Responsible for the operational efficiency and effectiveness of the Risk function, including risk management processes, by defining and maintaining an operational excellence agenda for the Risk Function.
- Ensure effective management of operational risks within the Risk function and compliance with applicable internal policies, and external laws and regulations

**Risk Management**
**Risk Appetite**
- Uphold the integrity of risk/return decisions, by challenging business and control function heads to demonstrate that risk origination and control decisions are properly informed and consistent with strategy and risk appetite
- Ensure that effective management response plans are in place to respond to extreme but plausible scenarios
- Direct appropriate response to material events or other risk issues that come to the role holder's attention
- Propose, in consultation with Group, SCG’s overall risk appetite for review by the Risk Committee
- Assess periodically the risk profile of the entity and maintain alignment with risk appetite by rebalancing of risks or controls that may be required in response to internal and external factors

**Risk Ownership**
- Ensure risk identification, measurement and modelling capabilities are objective, consistent and compliant with applicable regulations.
- Ensure that material risk exposures and related issues are reported to the responsible governance committees as appropriate
- Ensure appropriate judgement is applied in the discharge of risk authorities assigned to the jobholder, taking account of concentration risk across sectors, geographies and markets where applicable.
- Design, maintain and effectively communicate risk control parameters in SCG, including policies, control standards, risk exposure limits and other control levers in order to maintain the risk profile in lin