Senior Manager-Risk Management

Grade

Senior Manager

Department

Risk Management

Vacancy Code

HWD/Vacancy/25-26/SMFTRisk/02

Job Location

Mumbai/Navi Mumbai

Nationality

Only Indian citizens are eligible to apply

Term

Fixed term of 3+1+1 years The initial term of contract will be for 3 year which can be extendable for two term of 1 year each on the basis of further requirement of position, satisfactory performance of the candidate and at the discretion of corporation on mutually agreed terms and conditions.

Age Limit:

Not exceeding 42 year as on 01-September-2025

Educational Qualification

1. Bachelor/Post Graduate Degree in Economics, Finance, Business Administration or a similar discipline from a recognised University/Institution.
2. Professional certifications: Industry-recognized certifications, such as Certified Risk Manager (CRM), Financial Risk Manager (FRM), or Certified in Risk and Information Systems Control (CRISC), will be preferred.

Work Experience

More than 12 years of work experience out of which 3 year of experience preferred in Capital Market/ BFSI segment

Skill Set

• In-depth knowledge of securities market operations, and Indian financial markets
• Strong background in risk and ability to work effectively with various stakeholders.
• Knowledge of risk management tools
• Analytical and critical thinking.
• Good communication skills oral as well as written.
• Financial acumen.
• Strong problem-solving skills.

Job Description

• Conducting thorough risk assessments - Identification and evaluation of potential risks, assessing their likelihood and impact on key business objectives.
• Designing risk management strategies - Developing effective risk management strategies i.e. creating comprehensive action plans that address potential vulnerabilities and help mitigate risk.
• Implementing risk mitigation measures - To implement risk control measures such as insurance policies, internal controls, contingency plans, or other preventive measures to minimise potential losses and ensure business continuity.
• Establishing risk monitoring systems - To maintain an effective risk management framework, you must establish robust monitoring systems that track the effectiveness of implemented measures and promptly identify emerging risks.
• Collaborating with stakeholders - Collaborating with various stakeholders across different departments, including senior management, finance, legal, operational teams and consultants.
• Review of Documents - Policies, Product Notes, Standard Operating Procedures and other related documents.
• Review of New Products Review risks associated with any new initiatives/ products and suggest mitigations.
• Review of Business Continuity Plan (BCP) - Review BCP of all departments and pan India branches.
• Review of Internal Financial Controls (IFC) - Appointment of IFC consultant, co-ordinating with all departments and facilitating the IFC review conducted by IFC consultant
• Review of Risk and control self-assessment (RCSA) - Evaluate efficiency of controls documented in RCSA, test the same and suggest improvisations. If any.
• Incident Reporting & Management - Investigating reported incidents, conducting root cause analysis, tracking & monitoring.
• Internal Committee meetings - Convening and presenting along with preparation of agenda papers and minutes.
• Board committees' meetings - Preparation of agenda papers and timely uploading of the same.
• Improvisations - Identifying opportunities, process improvements, recommend best practices for improvements in process.
• Other Reviews - Reviewing, Advising & Suggesting mitigation measures – with a risk perspective
• Training - Arranging and conducting of training to educate employees, for promoting risk awareness and empowering individuals to identify and report potential risks in their respective areas.

Important Instructions:

Please read the attached Mandatory Important Instructions before submission of your application for any vacancy

• Application to be received only in online mode through the career page of StockHolding. Applications received through any other mode shall be summarily rejected.
• Candidates are advised to go through the requirements of educational qualification, age etc. and satisfy themselves before applying that they are eligible.
• Candidates are advised to keep their e-mail ID and mobile connection active for receiving future communication.
• StockHolding reserves the right to conduct document verification at any stage (i.e. during Preliminary screening / Interview / Joining etc.).
• StockHolding reserves the right to cancel / modify the recruitment process entirely or partially at any stage / time, if so warranted, without assigning any reason thereof. StockHolding also reserves the right to change the notified vacancies without assigning any reason(s), whatsoever.
• Before submission of the application, candidates must check that they have filled in correct details in each respective field of the application form. After submission of online applications, no changes / corrections / modifications will be allowed under any circumstances. Requests received in this regard in any form like Post, Email, by hand etc. shall not be entertained and will be summarily rejected.
• To ascertain eligibility, StockHolding may obtain additional information from the candidates. In case it is detected at any stage of engagement process that a candidate does not fulfil the eligibility norms and/or has furnished any incorrect/false information or has suppressed any material fact(s), his/her candidature will stand automatically cancelled. If any of the above shortcoming(s) is/are detected even after appointment, his/her services are liable to be terminated without notice.
• The preliminary screening of the candidate will be carried out on merit or any other screening parameter decided by the corporation from time to time. Fulfilling eligibility criteria doesn't accrue any claim/right to a candidate to be called for online test and interview.
• The selected candidates may be offered letter of intent/appointment in the corporation subject to their completing other formalities such as verification of credentials, certificates, satisfactory reports from the references, medical examination and verification of antecedents etc.
• The candidates currently working in StockHolding or its group companies directly or through any agency or audit firm or any firm associated with it, must provide the necessary declaration while submitting the application.
• The candidate must provide the necessary information about his/her relative, relation to any Director in StockHolding or its group companies while submitting the application.
• Candidates against whom there is/are adverse report regarding character & antecedents, moral turpitude etc. are not eligible to apply for the post. If any such adverse orders/reports against the shortlisted/selected candidates is found/received by the company post their selection, their candidature/service will be rejected/terminated forthwith.
• At the time of interview/final selection, the candidates will be required to provide details regarding criminal case(s) pending against him/her, if any. The company will also conduct independent verification, inter alia, including verification of police records etc. StockHolding reserves right to deny the appointment depending upon such disclosures and/or independent verification.
• Candidates furnishing false information / suppressing the facts will be disqualified and shall be liable for debarment and legal/criminal action. Candidates who attempt fraud/impersonation shall be liable to be debarred from future recruitment process conducted by the company.
• Candidate should not submit more than one application for the same position and vacancy code.
• Candidate will also be required to undergo pre-recruitment medical examination as a part of recruitment process upon selection. Appointment in the Corporation is subject to candidate being found medically fit by the Corporation's notified medical practitioners.
• Remuneration: The remuneration for the various grades will be commensurate with qualification and relevant experience and best in the industry.

• Selection Process:

• The selection will be based on shortlisting of applications based on eligibility criteria, online Pshychometric Test and Interview.

• StockHolding reserves its right to limit the no. of candidates to be called for Online Pshychometric Test / Interview.
• In case more than one candidate secures same marks as cut-off marks in the final merit list (common marks at cut-off point), such candidates will be ranked in the merit according to their age in descending order.
• Recruitment rounds consist of the following 2 stages:
• Recruitment RoundBasis of Selection1st stage:Online Pshychometric Test2nd stage:Interview
• Final merit list shall be prepared based on the performance in the interview.

• Based on suitability and at the discretion of StockHolding, a waiting list may be maintained which shall be valid for 6 months from the date of interview.

• Action Against Candidates Found Guilty of Misconduct During Selection Process:

• Candidates are cautioned that they should not furnish any particulars or documents that are false, tampered/fabricated and they should not suppress any material information while filling up the application form.

• At the time of examination/interview, if a candidate is (or has been) found guilty of:

• Using unfair means during the examination

• Impersonating or procuring impersonation by any person
• Resorting to any irregular or improper means in connection with his/her candidature for selection
• Obtaining support for his/her candidature by any unfair means
• Such a candidate may, in addition to rendering himself/herself liable to criminal prosecution, also be liable to be:
• Disqualified from the examination for which he/she is a candidate

• Debarred, either permanently or for a specified period, from any examination or recruitment conducted by StockHolding.

• The use of any Mobile phones (even in switched off mode) or any other electronic communication devices or storage media like pen drive, smart watches or camera or blue tooth devices or calculator or any other storage devices or related accessories are not allowed while appearing for online test/inside the premises where the examination/interview is held and/or violates the instructions of the test provider. Any infringement of these instructions shall entail cancellation of candidature and disciplinary action including ban from future examinations.

• Only specific query related to system issues faced while applying for the position may be emailed to along with screen shot of the error page. Resume or any other general query, if any received through E-mail will not be entertained.

• The interested candidates are requested to apply on stockholding career page till 6:00 PM on 24th October, 2025.