Chief Risk Officer AMC industry
5 days ago
Position
Chief Risk Officer
Role
Ø Establishing an organisation wide risk conscious culture. Formulate and implement structured reporting process for risk monitoring
Ø Responsible for overall risk management related activities of the AMC and Mutual Fund Schemes
Ø Responsible for implementation and governance of RMF across the AMC and the Mutual Fund Schemes
Job Description
Ø Ensure all risk-related policies are defined, reviewed, and updated periodically and placed at the relevant risk management committee for approval.
Ø Perform periodic review and update the ERMF defined by the AMC and place the same to the RMCs for the approval.
Ø Formulate and recommend changes to roles and responsibilities including KRAs relating to risk management activities and place these at the RMCs for approval.
Ø Periodically review the DoP covering daily risk management, risk reporting and corrective actions at the level of Fund manager, CIO and CEO
Ø Review and suggest changes to the risk appetite and risk metrics for the AMC and scheme as defined by the CEO
Ø Ensure formulation and implementation of adequate mechanism for risk parameters at credit and fraud risk strategies and reporting framework on the same
Ø Review and report the ERMC and Board Risk Committee of AMC and Trustee
Ø Independently assess reporting of risks to various committees and the management
Ø Report outcomes of the risk management function to the CEO at least once a month.
Ø Define process to assess the control against identified risk(RCSA, Stress Testing)
Ø Identify, assess and estimate emerging risks and their possible impact on the AMC and mutual fund schemes
Ø Report existing and emerging risks associated with the MF and the AMC activities in a structured manner to the Risk Management Committee of Board of AMC and Trustee
Job Type: Full-time
Pay: ₹1,910, ₹4,019,121.34 per year
Experience:
- nine: 9 years (Preferred)
Work Location: In person
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