Chief Risk Officer

Role Overview:

The Chief Risk Officer (CRO) will report to the CEO of our NBFC subsidiary Revfin Capital. He will be responsible for developing and implementing a comprehensive risk management framework to safeguard the organization's financial health and regulatory compliance. This role involves identifying, assessing, mitigating, and monitoring risks that could impact the company's strategic objectives, operational efficiency, and business growth. The CRO will work closely with the executive team and board members to ensure risk management practices are integrated into all aspects of the business, ensuring alignment with regulatory requirements and the company's long-term goals.

Roles and Responsibilities:

1. Risk Strategy & Governance:

• Develop, implement, and oversee the enterprise risk management (ERM) framework, ensuring a risk-aware culture across the organization.
• Establish risk policies, procedures, and internal controls to mitigate credit, operational, regulatory, and market risks.
• Provide strategic risk insights to senior management and the board, advising on emerging risks and mitigation strategies.
• Ensure compliance with RBI guidelines, SEBI regulations, and other relevant statutory requirements.

2. Credit & Portfolio Risk Management:

• Ensure the quality of the lending portfolio by planning and directing all aspects of credit and risk assessment.
• Develop and implement risk-related plans and formulate strategies to minimize and mitigate risks while monitoring progress.
• Conduct monthly portfolio reviews to assess portfolio performance and take necessary corrective actions.
• Continuously monitor portfolio trends to detect early signs of deterioration and take corrective actions.
• Establish robust mechanisms for problem loan identification, non-performing asset (NPA) management, and credit loss mitigation.
• Own credit policy and ensure its compliance and monitoring

3. Fleet Loans & Lease Underwriting:

• Develop a framework and own underwriting for fleet loans and leases.
• Conduct periodic monitoring of fleet loan borrowers to assess risk exposure and ensure compliance with lending norms.
• Implement robust risk assessment criteria tailored for fleet financing, ensuring sustainable portfolio performance.

4. Regulatory & Compliance Oversight:

• Stay ahead of regulatory changes and ensure compliance with all applicable laws and industry standards.
• Liaise with regulatory authorities, auditors, and legal teams to maintain adherence to evolving risk and compliance requirements.
• Oversee risk reporting to the board, regulatory bodies, and internal stakeholders.

5. Technology & Innovation in Risk Management:

• Leverage data analytics, AI-driven credit models, and automation tools to enhance risk assessment and fraud detection.
• Implement cutting-edge risk monitoring systems for proactive identification of potential threats.
• Drive innovation in risk management by integrating technology and industry best practices.

6. Crisis Management & Business Continuity:

• Develop and oversee the execution of crisis management and business continuity plans.
• Ensure resilience planning to safeguard operations against financial, operational, and reputational risks.

7. Stakeholder Management & Leadership:

• Foster a risk-conscious culture through training and awareness programs for employees.
• Lead and mentor the risk management team, ensuring continuous improvement and adherence to risk best practices.
• Engage with external stakeholders, including investors, regulators, and auditors, to maintain transparency in risk governance.

Requirements:

1. Bachelors degree in risk management, Finance, Business Administration, or a related field; a masters degree or professional certification (e.g., CRMP, CFA, FRM) is preferred.

2. Minimum of 10 years of experience in risk management, preferably with commercial vehicle/commercial fleet loans and leasing industry, in an NBFC or financial institution

3. Should have independently managed risk function for a product line or business

4. Should have a good understanding of risk analytics and scoring models

5. Proven track record of developing and implementing effective risk management strategies and frameworks.