Senior Manager/AVP - Risk Head

Job Description

JOB TITLE: Head - Risk

INTERNAL GRADE:SM / AVP

REPORTING TO (ROLE):CEO

MAIN PURPOSE OF JOB: The role of Head - Risk will encompass the analysis and reporting of risks in the following areas:

1. Investment risk management

2. Operational risk management

3. Business risk management (Inc BCP)

Apart from this, Risk personnel would also be responsible for the following areas in conjunction with other members of the team -

- Performance evaluation and analysis

- Product evaluation and management

KEY ACCOUNTABILITIES: 




Investment Risk Management:

- Monitoring of Credit and Counterparty exposures (Repo trades)

- Assess the level of investment risk within existing and new products

- Validate the methodology/model used to value investment instruments

- Oversee the empanelment of market intermediaries / counterparties

- Monitor all portfolio related exposures for equity exposures

- Drafting of ISDA documents, execution and mitigation of any differences

- Liquidity issues stress testing

Investment Constraints Monitoring:

- Ensure appropriate monitoring of fund management constraints in accordance with SEBI regulations and Offer Docs

- Track the resolution of ratio breaches

- Produce MI in relation to ration breaches for senior mgt / regulators

Business Risk Management:

Facilitate the monitoring and management of business risks in the following key areas:

- KYC and AML

- Distribution and Sales

- Marketing & Communications

- Customer & Distributor servicing

- Implement an Incident/Errors management system and undertake root cause analysis

- Recommend to the business enhancements in controls to minimize future failures

- Prepare regular Risk Management reports to the Senior Management including key indicators and loss reporting

- Participation in any major change projects to ensure risks are identified and managed

BCP:

- Analyse the business activities and ensure back up procedures in the event of a disaster are in place

- Prepare and regularly maintain the BCP Communication Plan

- Ensure Co-ordination with the AXA IM Crisis Committee and Emergency Response plans

- Conduct regular BCP testing in conjunction with the IT team.

Operational Risk Management:

- Establish suitable controls at responsible levels including 3rd party providers

- Ensure compliance with SEBI regulation and Operational Risk polices

- Ensure adequate control of all system related risks

- Validation of NAVs at reasonable intervals. All settlement relating risk including banking and custodian.

- Risks arising out of subscription/redemption/dividend processing and reconciliation

- Back testing

- Recommend to the business enhancements in controls to minimize future failures

Job Description

- Prepare regular Risk Management reports to the Senior Management including key indicators and loss reporting

Performance Evaluation:

- Review of fund performance using stochastic tools risk adjusted performance appraisal

- Review performance and position with regard to the objectives of the schemes. Style drift and portfolio concentration

Product Management:

- Member of the New Product Committee to critically examine the risks associated with any new product launch.

- Work closely with sales & product team to evaluate different local and offshore product ideas including risks associated and the ways to mitigate risks

- Responsible for performing ad-hoc analyses and reporting to address evolving market conditions and portfolio developments

- Interacting with a wide range of teams across the bank, and engage with our Investment Management and Product Management teams

- Providing commentary of portfolio risk profile positioning and trends, for portfolio managers, board and committee packs

- Works independently on complex and/or important Portfolio Risk Management projects

- Provide robust and credible challenge into Investment Governance portfolio review meetings with portfolio managers.

- In conjunction with more senior staff, incumbent develops, implements and communicates risk-related policies and procedures.

- Exposure to market data providers: Bloomberg, DataStream

KEY CUSTOMERS: Internal

- CEO, CIO, Head -Operations External

- Trustees

- Regulators

- Auditors

WORKING RELATIONSHIPS WITHIN BUSINESS UNIT:- Investments

- Sales & Marketing

- New Product Development

- Compliance

- Operations

- Audit

EXPERIENCE & QUALIFICATIONS:




- Very high on integrity and ethical standards.

- Business focused and be solution oriented in his overall approach.

- Must have good understanding of capital markets and investment management

- A CA/ MBA from reputed Business school/University with strong analytical background.

- A minimum of 8 years of experience in International Bank/Investment Management/Equity Broking firm/Insurance companies/Mutual fund set-up in similar position

- Must have strong inter-personal skill.

- Must possess a logical and practical bent of mind.