Job Summary:<br /> We are seeking a dynamic and experienced Head of Risk to lead and oversee all aspects of risk management across our Financial, Operational, and Compliance areas. This role is critical in ensuring the security and stability of our operations, and the successful candidate will be responsible for designing, implementing, and managing risk mitigation strategies that safeguard the organization’s portfolio, reduce fraud (both internal and external), and ensure strict adherence to compliance standards. The Head of Risk will also be tasked with building and leading a risk management team, formulating comprehensive policies, and setting up Standard Operating Procedures (SOPs) to drive risk management excellence.<br /> Key Responsibilities:<br />

1. Risk Strategy & Leadership:<br /> ● Lead the development and execution of the company's risk management strategy, with a focus on financial, operational, and compliance risks.<br /> ● Develop a risk framework that aligns with the company’s objectives and enhances the ability to respond to emerging risks, including credit risk, fraud, market risk, and operational disruptions.<br /> ● Set the direction and vision for the risk management function, ensuring the integration of risk considerations into key business decisions and strategic initiatives.<br />
2. Financial Risk Management:<br /> ● Oversee financial risk management by analyzing the company’s loan portfolio, market conditions, and economic factors to identify risks and implement mitigations.<br /> ● Design and implement policies for credit risk management, including credit assessment procedures, risk-based pricing, and strategies for loan default reduction.<br /> ● Ensure capital adequacy and manage exposure to risk by designing strategies that ensure appropriate risk-adjusted returns.<br />
3. Operational Risk Management:<br /> ● Identify, evaluate, and monitor operational risks across business functions.<br /> ● Build and maintain an operational risk management framework that helps identify and mitigate process inefficiencies, gaps, and operational vulnerabilities.<br /> ● Lead the design of business continuity plans and disaster recovery procedures to ensure minimal disruption to operations.<br />
4. Compliance & Regulatory Risk Management:<br /> ● Develop and oversee a compliance risk management program, ensuring adherence to all applicable laws, regulations, and standards, particularly within the NBFC and e-commerce marketplace sectors.<br /> ● Work closely with legal and compliance teams to ensure timely updates on changing regulations and to implement regulatory compliance measures.<br /> ● Monitor and manage the company’s exposure to compliance-related risks, including fraud, money laundering, and other financial crimes.<br />
5. Fraud Prevention & Detection:<br /> ● Design and implement policies and strategies to prevent, detect, and respond to fraud, both internal and external.<br /> ● Collaborate with internal stakeholders, including IT and finance, to build and refine fraud detection systems and anti-fraud policies.<br /> ● Set up fraud investigation protocols, ensuring swift action and effective recovery measures.<br />
6. Risk Policies, Procedures & SOPs:<br /> ● Develop, implement, and continuously refine risk management policies, procedures, and Standard Operating Procedures (SOPs) to mitigate identified risks.<br /> ● Ensure that all departments are aligned with risk management objectives, training teams on proper compliance, risk identification, and risk reporting processes.<br /> ● Regularly review and update risk policies and SOPs to address new and emerging risks in a dynamic business environment.<br />
7. Team Leadership & Risk Department Management:<br /> ● Build, manage, and mentor the risk management team, fostering a culture of high performance, collaboration, and continuous improvement.<br /> ● Define clear roles, responsibilities, and performance metrics for the risk team, ensuring alignment with company objectives.<br /> ● Drive cross-departmental collaboration to integrate risk management practices and foster a company-wide understanding of risk-related issues.<br />
8. Risk Reporting & Analytics:<br /> ● Establish risk reporting systems and dashboards that provide clear, actionable insights into the company’s risk exposure and mitigation strategies.<br /> ● Ensure regular reporting to senior management and the Board on the status of the company’s risk landscape, including emerging risks, mitigations, and ongoing compliance.<br /> ● Use data analytics to identify trends and predict potential risks, leveraging advanced tools to continuously enhance risk assessment and decision-making.<br /> Required Skills & Qualifications:<br /> ● Education: Bachelor’s or Master’s degree in Finance, Business Administration, Risk Management, Economics, or a related field. Certifications in FRM (Financial Risk Management), CRM (Certified Risk Manager), or CISA (Certified Information Systems Auditor) are highly preferred.<br /> ● Experience:<br /> ○ 10+ years of experience in risk management, with a strong focus on financial, operational, and compliance risk management.<br /> ○ 5+ years in a leadership role, managing risk functions within NBFCs, financial services, or e-commerce marketplace organizations.<br /> ○ Demonstrated experience in designing and implementing risk frameworks, fraud detection systems, and compliance policies.<br /> ● Knowledge:<br /> ○ In-depth understanding of financial risk management, credit risk, and market risk for NBFCs.<br /> ○ Strong grasp of regulatory compliance (RBI, SEBI, and other industry-specific regulations) and fraud prevention techniques.<br /> ○ Experience in data analytics, risk modeling, and using risk management software to identify and assess potential threats.<br /> ● Skills:<br /> ○ Strategic thinking with the ability to translate complex risk data into actionable strategies.<br /> ○ Strong communication and leadership skills, with the ability to influence stakeholders at all levels of the organization.<br /> ○ High attention to detail and the ability to analyze risk data and make sound judgments.<br /> ○ Experience in building and leading teams and managing risk-related projects across multiple departments.<br /> Preferred Skills:<br /> ● Experience in startups or high-growth environments, with a strong entrepreneurial mindset.<br /> ● Familiarity with e-commerce marketplace platforms and the specific risks associated with online transactions, customer data protection, and digital platforms.<br /> ● Advanced understanding of cybersecurity risk and the ability to collaborate with IT teams to mitigate digital risks.