AVP - Risk Management

Job Purpose

This role is envisaged to operationalize various aspects related to Risk review, control and monitoring. Market Risk monitoring The role is to ensure strict adherence to various regulatory guidelines and BASEL requirements related to credit risk Review & Monitoring function. This role also envisages monitoring various aspects related to market risk including regulatory requirements. It would also include assisting the Chief Risk Officer (CRO), India on various aspects of credit, market risk and operational risk.

Key Result Areas

Credit Risk – Review, Monitoring & Control : Assist Chief Risk Officer (CRO), India in review of credit proposals and ensure that the business and customers are within credit risk guidelines laid down by the Head Office.

Ensuring the appropriateness of credit rating assigned to counterparties as per H.O. requirements. Undertake peer group comparison and industry / sector analysis. Make customer calls as and when needed to assess borrower’s credit worthiness.

On-going monitoring of credit portfolio through early warning signals like share price, adverse industry / company information. Pro-active identification of potential weak credits to ensure maintaining credit quality and minimizing credit cost / losses.

On-going monitoring of system reports to identify irregularities including overdrawing and overdue. Escalating the same to senior management Assisting CRO, India in drafting changes / modification in local credit policies and procedures (i.e - based on changes in local regulatory – RBI guidelines). Monitoring / exercising due date control to ensure timely submission of annual review of credit lines and rating.

Use Monitoring of RBI - local regulatory requirements including prudential norms to ensure adherence to- Single & Group Borrower norms, Large exposures, Sectoral / Industry limits, PSL, Country / Bank limits. Preparation of presentation material for Risk Management Committee meetingsincluding credit portfolio reports.

Vetting of loan / security documents including sanction letters. Periodic checks to ensure adherence to covenants and credit conditions as stipulated in related loan agreements.

Market Risk : Assist Chief Risk Officer (CRO), India in ‘Market Risk management’ within Mumbai branch independent of dealing / trading (front) and dealing back office functions. On-going monitoring of various limit’s both internal (HO) and regulatory (RBI) with respect to dealing activities (FOREX & Money Market).

Monitoring of various prudential limits and ratios pertaining to market risk. Assist CRO, India in implementation of Regulatory guidelines related to BASEL implementation related to market risk. Prepare MIS reports including presentations related to market risk for Asset Liability Committee (ALCO) and Risk Management Committee (RMC).

Assist CRO, India during Annual Regulatory (RBI) inspection, statutory and internal audits. Assist CRO India in drafting policies and procedures related to Market risk.

ICAAP reporting and stress testing related to relevant risk.

Ensuring implementation of BASEL norms for credit and market risk as prescribed by local regulator – RBI.

Operational Risk : Reviews of Risk Registers, conducting RCSAs, undertaking BIA / BCP and other Operation Risk management issues.

All other activities / assignments, as may be assigned by CRO / CEO India in line with Business need.

Operating Environment, Framework and Boundaries, Working Relationships

The function will be independent from the business units and is part of the bank’s risk management function.

The role, however, requires a high level of interaction and working relationship with front office, back office, Finance & Reporting functions.

Problem Solving

High level of understanding of various aspects related to credit risk monitoring. The role also requires flexibility and a positive business approach to support trading / dealing activities of Mumbai branch.

Decision Making Authority & Responsibility

The Job holder will be responsible in assisting the CRO, India to ensure highest level of credit quality for the loan portfolio of Mumbai branch. He has to ensure adherence to sanction terms. The job holder is responsible for spotting credit weakness, irregularities and alerting front office for corrective action. The job holder will be responsible to assist CRO, India in implementation of various regulatory guidelines pertaining to market and operation risk including BASEL requirements. The job holder will be responsible in on-going monitoring of market and ops risk including prudential limits, ratios and related functions.

Knowledge, Skills and Experience

Minimum 8-10 years’ experience in risk management in a bank in India. University Graduate & Masters Qualifications in Finance / Chartered Accountancy (CA). Advanced credit skills broad understanding on credit rating process. Excellent written / verbal communication skills. Adequate knowledge on RBI regulations related to corporate lending. Working awareness on loan documentation and various loan / credit products. Proficiency in quantitative and financial techniques / skills.