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Chief Risk Officer

Chief Risk Officer

Lakshya Asset Management Pvt. LtdAhmedabad, Gujarat, India
13 days ago
Job description

Lakshya AMC  is a SEBI in-principle approved asset management company, backed by  Wealth First Portfolio Managers  — a trusted, NSE-listed wealth management firm with a 30+ year legacy.

Rooted in investor-first values, Lakshya is led by a team of accomplished professionals with deep experience in capital markets and a history of delivering innovative investment solutions.

With a focus on purpose-driven products and a commitment to performance, Lakshya aims to redefine asset management in India.

We’re growing — join us in building a high-conviction investment firm for the future.

Job Title : Chief Risk Officer (CRO)

Location : Ahmedabad

Reporting To : Chief Executive Officer (CEO) / Board of Directors

Employment Type : Full-Time

About the Role

We are seeking an experienced  Chief Risk Officer (CRO) to lead our organization’s risk management strategy, ensuring robust governance and regulatory compliance. The CRO will play a pivotal role in safeguarding the firm’s operations, reputation, and assets by establishing and overseeing a comprehensive risk management framework. This role is independent from the investment function (CIO) and reports directly to the CEO and Board of Directors.

Key Responsibilities

Risk Framework Implementation

  • Implement and maintain an enterprise-wide risk management framework aligned with regulatory standards and industry best practices.

Governance & Oversight

  • Review and define the specific risk management responsibilities of senior leadership including the CEO, CIO, CXOs, and Fund Managers.
  • Risk Reporting Mechanism

  • Establish a formal risk reporting process to provide quarterly updates to the Board of AMC, Trustees, and Risk Management Committees (RMCs) covering :
  • Key risk metrics
  • Escalation of material risk incidents
  • Timely implementation of corrective actions
  • Independent Risk Assessment

  • Ensure an unbiased evaluation of risks and risk reporting to key governance committees and the CEO, independent of the investment function.
  • CEO-Level Reporting

  • Develop a monthly reporting structure to keep the CEO informed of emerging risks and mitigation strategies.
  • Daily Risk Operations

  • Oversee daily risk management and reporting activities, including identifying, monitoring, and addressing deviations in line with a Board-approved Delegation of Powers (DoP).
  • Corrective Action Oversight

  • Monitor and initiate corrective measures at the Fund Manager, CIO, and CEO levels as needed, ensuring alignment with the firm’s risk appetite.
  • Regulatory & Board Communication

  • Communicate major risk findings, incidents, and required corrective actions to the Board of AMC, Trustees, and RMCs. Provide regular updates on the closure or progress of risk mitigation recommendations.
  • Key Requirements

    Education :

  • Postgraduate degree in Risk Management, Finance, Economics, Business Administration, or related field. Relevant certifications (e.g., FRM, PRM, CFA) are a plus.
  • Experience :

  • Minimum 3-5 years of experience in financial services, preferably in mutual fund / asset management industry, with at least 5 years in a senior risk leadership role.
  • Skills and Competencies :

  • Strong understanding of SEBI regulations and industry compliance requirements
  • Deep knowledge of investment and operational risk frameworks
  • Excellent analytical, strategic, and communication skills
  • High integrity and strong independent judgment
  • Proven leadership and stakeholder management capability
  • How to Apply :

    Send your Resume to [email protected] with the subject line : Application for Chief Risk Officer

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    Chief Risk Officer • Ahmedabad, Gujarat, India

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