Chief Risk Officer - Asset Reconstruction Business

The Chief Risk Officer (CRO), reporting to the MD & CEO, will be responsible to evolve the risk profile of the Asset Reconstruction Business and design a risk management framework in compliance with the regulatory guidelines provided by the Reserve Bank of India (RBI). Incumbent shall be responsible for identification, assessment, measurement, monitoring, and mitigation of risks associated with the company's operations and portfolios within the defined risk appetite of the and ensuring adherence to relevant Board approved risk related policies and procedures.

Key Result Areas expected of the role:

1. The CRO shall support the Board in establishing comprehensive and robust risk management governance and control framework including risk policies, an integrated risk management approach, defining risk appetite of the ASSET RECONSTRUCTION,and ensure capital adequacy in proportion to the complexity and inherent risks in the business while conforming to all statutory guidelines of the RBI. The risk framework should be robust enough for identification, assessment, measurement, monitoring, and mitigation of all types of risks on an ongoing basis.

2. Identify, evaluate, and quantify risks across various business lines, including all Pillar 1 risks (credit risk, market risk, operational risk) and Pillar 2 risks (including outsourcing risk, liquidity risk, information security risk etc). Conduct comprehensive analysis of Asset Reconstruction Business asset portfolios to assess credit quality, valuation of security receipts, potential impairments and ensure adequate provisions are made in line with the underlying risk profile of the asset.

3. Implement systems and controls / dashboards for ongoing monitoring of risks and apprise the Board of Directors (BoD) / Risk Monitoring Committee of the BoD and the senior management of ASSET RECONSTRUCTION BUSINESS of the risk profile.

4. Ensure compliance to all risk related policies.

5. Oversee the asset purchase and sale processes and ensure thorough due diligence in the acquisition and resolution of distress

- Continuously develop, enhance and embed the risk framework for managing risks across the CFMARC, ensuring that controls and processes are adequate.

7. Conduct training programs to enhance risk awareness and build risk management culture across the organization.

Key Skills:

1. Sound knowledge and experience of identifying and controlling various risks in a financial institution. The incumbent should have in-depth knowledge of the regulatory requirements and guidelines issued by the Reserve Bank of India including various applicable Master Circulars of the RBI, SARFAESI Act,
Insolvency and Bankruptcy Code and prudent banking practices.

2. Understanding of enterprise risk including all Pillar 1 and Pillar 2 risks.

3. Deep knowledge of credit risk evaluation, monitoring, quantification of credit and market risk, valuation methodologies and understanding of financial markets.

4. Excellent oral and written communication skills with advanced skills related to the preparation and submission of regulatory, statutory and risk reports.

5. Strong statistical, analytical, dispute resolution and interpretation skills.

6. High ethical standards, credibility and a commitment to best practices.

7. Leadership skills with ability to build, train, mentor & retain teams.

Eligibility Criteria :

i. Experience: The person must have an overall experience of at least 15 years in Financial Services, out of which 10 years of experience shall be in the Banking / NBFC / ARC space.

ii. Desirable Qualification :

- CA/MBA Finance/Post Graduate degree or equivalent from reputed University

- Certification in Financial Risk Management from GARP"