Chief Risk Officer

Key highlights of the role are listed below (purely indicative and not limiting):
This position would include the mentioned set of responsibilities but not limited to:
**Risk Strategy and framework**:

- Develop and implement a comprehensive risk management strategy, framework,

and policies to safeguard the company against financial, operational, compliance,
and reputational risks.
- Lead the establishment and continuous improvement of the company's risk

appetite, tolerance levels, and key risk indicators (KRIs) aligned with business
objectives.
- Identify and assess operational risks associated with technology, systems,

processes, and people.
- Collaborate Cross-Functional Teams to implement cybersecurity risk management

strategies and ensure data privacy and protection.
- Establish incident management and disaster recovery plans to handle operational

disruptions.
- Monitor the Risk Appetite Framework of the company, and suitably put

implementation plan for the execution of the same
- ** Credit risk management**:

- Oversee the company’s credit risk policies, including underwriting criteria, credit

scoring models, and loan loss reserves.
- Monitor and assess emerging risks across business functions, including operational,

financial, regulatory, and reputational risks.
- Lead initiatives to enhance risk identification, reporting, and mitigation processes.
- Ensure robust credit risk assessment and monitoring systems to assess customer creditworthiness and mitigate potential defaults or fraud risks.
- Monitor portfolio performance and implement strategies to manage delinquency

and charge-offs.
Enterprise Risk Management Framework**:

- Ensure the formulation and implementation of a comprehensive Enterprise Risk

Management framework
- Develop risk-related guardrails dovetailing into the Board approved Risk appetite

framework, and ensure adherence to industry standards, regulatory guidelines,
and best practices.
- ** Risk Reporting and Analytics**:

- Oversee the preparation and presentation of risk management reports for senior

management, the board of directors, and regulatory bodies.
- Provide data-driven insights on key risk indicators (KRIs) and recommend actions to

mitigate risks.
- Collaborate with data analytics teams to enhance risk modelling and scenario

analysis.
- Management of IFRS9, IND-AS compliant Expected Credit Loss Framework

**Regulatory Compliance**:

- Oversee the establishment and maintenance of policies and guidelines for the

development, deployment, and management of all digital products/services
- Liaise with regulatory authorities, auditors, and other stakeholders on risk-related

matters.
- Ensure compliance of all regulatory/ statutory guidelines related to digital

products/ service and sending statements to all regulatory/ statutory bodies
- ** Leadership and stakeholder Management**:

- Lead and mentor the risk management team, fostering skill development and a

high-performance culture.
- Work closely with internal departments (finance, operations, legal, etc.) to ensure

a coordinated approach to managing risks.
- Build strong relationships with external stakeholders, including regulators,

auditors, and industry peers.

**Applicants should possess the following attributes**:

- Strategic Thinking: Ability to anticipate risks and align risk management strategies

with the organization's long-term objectives.
- Leadership: Strong leadership skills to manage a diverse team and influence cross-functional stakeholders in implementing risk frameworks.
- Analytical Expertise: High-level analytical capabilities to assess complex risk

scenarios, conduct thorough analysis, and derive actionable insights.
- Regulatory Knowledge: Deep understanding of industry regulations and risk

management best practices to ensure compliance and effective governance.
- Decision-Making: Strong, data-driven decision-making skills to manage crisis

situations and recommend sound risk mitigation strategies

**Last Date of Application: 31st March 2025**

**About Company**

BOBCARD is a wholly owned subsidiary of Bank of Baroda and a Non-Deposit Accepting Non-Banking Finance Company (NBFC). BOBCARD was established in the year 1994 to cater to the need of rapidly growing credit card industry in a focused manner. BOBCARD is one among the pioneers in Indian card market and was the first non-banking company in India to issue credit cards.

The company’s core business is credit card issuance.