Role Title Head – Risk Management
Reports To CEO
Company Bajaj AMC
Function/ Department Risk
Written By Korn Ferry Advisory
Approved By (Jobholder)
Approved By (Immediate Superior)
Date (written on) March, 2024

1. JOB PURPOSE
(Summarize in one statement why the job exists; and how it contributes to the overall objective of the company)
Lead development and implementation of systems and processes for monitoring Investment risk to safeguard against risks
(market, credit, performance, etc.); Interpret and share insights in the medium to long term on changes in limits and
regulations; Lead the enterprise / operations risk framework design and implementation; Ensure timely and accurate reporting
to relevant stakeholders from time to time

2. ORGANISATIONAL CHART
(First level reporting chart for the job)

Comments:
▪ Numerical figures represent the total number of incumbents in the role

3. PRINCIPAL ACCOUNTABILITIES

CEO

Head – Risk Management

Management Trainee
(1)

Lead - Information
Security Officer (1)

Assistant Manager -
Risk Management (1)

Manager - Investment
Risk (2)

Lead - Risk
Management (1)

2

(Accountabilities associated with the job)
1. Investment Risk
▪ Develop and implement investment risk framework for monitoring and safeguarding against risks in the form of
market risk, liquidity risk, credit risk (for fixed income), non-adherence to fund characteristics, performance risk,
etc. for each of the schemes; Determine end to end process, policies, metrics, etc. while meeting the Board and
regulatory requirements (SEBI risk management Circular, 2021); Detail out and determine processes and
interpretation in line with the broadly defined requirements
▪ Deploy appropriate tools such as Bloomberg, spreadsheets, dashboards, etc. to monitor investment risks across the
portfolio; Guide daily activities of the team and run analytics and advance analytics, as needed
▪ Measure performance and risks against benchmarks, highlight red flags in case of major deviations
▪ Lead reporting based on framework and risk monitoring to fund managers, CIO, regulators and committees at
various frequencies (typically monthly), e.g. value at risk, stress testing, liquidity profiling of portfolio, etc.; Ensure
daily closure of portfolio risk classification as per regulatory requirements
▪ As Bloomberg system administrator, carry out activities for smooth functioning and availability of the system to
users such as creation of user accounts, rights, resolution of issues, etc.
2. Investment compliance
▪ Drive adherence to limits, guidelines and regulations set for investments for individual schemes across equity and
dept portfolio, including both external limits set by the regulator SEBI, Scheme Information Document (SID) and
internal investment guidelines

▪ Establish and implement appropriate systems to monitor compliance to limits, guidelines and regulations, pre-
trade/ post trade, etc., such as nature of assets, instruments, etc.

▪ Closely track and monitor limits (regulatory limits, passive breaches, etc.) reaching thresholds, internal limits getting
triggered, deep dive to understand under-lying reasons for deviations and approve
▪ Lead timely and accurate reporting of compliance and breaches, if any, to relevant committees, Board, SEBI, etc. at
set frequencies (monthly, quarterly)
▪ Oversee implementation of new / changes in limits and regulations, interpret and share insights with investments
team on immediate and long term impact of the same
3. Operations Risk Management
▪ Determine the overall operational risk framework, including aspects of identifying risks, risk control, self-control
processes, etc.
▪ Lead implementation of OR framework and monitor risk cutting across the organization and SEBI prescribed
processes including operations, back-office operations, marketing, product, etc., at set frequencies (daily, monthly,
quarterly)
▪ Lead implementation of operational risk framework to external processes and operations such as back-office, RTA,
outsourced processes, etc., with stronger focus on customer facing/ impacting processes
▪ Lead timely and accurate reporting as per functional and regulatory guidelines to relevant stakeholders
4. Trade Monitoring and Dealing Room Controls
▪ Determine framework for trade monitoring and dealing room controls in line with the stipulated regulations
▪ Establish a strong system of controls to create a physically and electronically controlled environment for dealing
room in accordance with regulations
▪ Listen in and track call records basis a random sample for continuous checks and monitoring
▪ Guide the Analyst – Risk Reporting for timely and accurate monitoring, control and reporting, in case of deviations
5. Team development
▪ Participate in recruitment process to identify the right talent at key positions within the team
▪ Cascade objectives, establish individual performance expectations and regularly review individual performance of
the team
▪ Regular team engagement and mentoring to keep them focused and move in correct direction

3

▪ Identify and create development opportunities, training, induction sessions, etc. for team members to enhance
functional/ business knowledge

4. MAJOR CHALLENGES
(Challenges faced on an on-going basis in carrying out the job)
▪ Risk Management function in an organization with fiduciary duty and managing people’s money has a different
significance and expectation, therefore we have to ensure adherence to regulations at 100% time and fluctuations if any
are to be within regulatory ambit; At all times ensure investments are made as per regulations, and incorporating change
in regulations;
▪ This is a highly regulated industry, and regulations are multiplying given that the expanding industry
▪ Educating and enhancing organization’s awareness, particularly investments and operations, and bringing them on board
to ensure adherence to policies, ORM framework, etc.
▪ Constantly balancing and managing expectation of business and extent of risk business can take
▪ Broadly defined policies / requirements of the SEBI risk management circulars, have to be translated in specific
organizational policies and processes, and further implemented properly

5. DECISIONS
(Key decisions taken by job holder at his/her end)
Decisions made by job holder
▪ Resolution of regulatory queries from various internal department
▪ Legal agreements to be entered into and relaxations that can be taken
▪ Define the investment risk and ORM framework, based on regulations and risk appetite
▪ Governance and implementation of framework, processes and policies for investment risk, risk compliance, operations
risk
▪ Reporting to board, committees, and regulator

6. INTERACTIONS
(Key working relationships a job holder needs to have INSIDE and OUTSIDE the company to accomplish the job)
Internal Clients
Roles you need to interact with inside the organization to enable success in your day to day work
▪ Investments: To implement risk framework, ensure investment compliance and monitoring, monitor limits and breaches,
reporting
▪ Operations, back office team – Implementation of ORM, monitoring compliance and reporting; Observations on issues
related to cash mismatch, limits, evaluation mismatch, etc.
▪ Compliance – Routing of communication with SEBI, Board, Risk Committees
▪ Dealing Room Team – To ensure compliance related to trade, tracking of calls, etc.

External Clients
Roles you need to interact with outside the organization to enable success in your day to day work
▪ Bloomberg: To aid risk monitoring and deeper analysis of investment related risk in our portfolio, and front office & back
office, through their models and frameworks; Interface for limits and ensuring investment compliance and risk
management
▪ Registrar and Transaction Agent (RTA): For investor data to undertake further analysis

4

▪ Custodian and Fund accountant (Deutsche Bank) – To brief for new requirement

7. DIMENSIONS
(Key numerical data which will reflect the scope and scale of activities concerning this job)
Financial Dimensions
(These should be quantifiable numerical amounts).
Other Dimensions
(Significant volume dimensions associated with the job)
▪ Total Team Size: 4
▪ Number of Direct Reports: 3

8. SKILLS AND KNOWLEDGE
(Minimum acceptable proficiency for this job which best indicates the education and/or experience requirements of this
job and not the incumbent).
Educational Qualifications
a) Qualifications
▪ MBA in Finance, CFA FRM for financial proficiency
b) Work Experience
▪ 10-12 years of work experience
▪ Strong past experience of managing risk function for an AMC
▪ Good understanding of overall mutual fund industry
▪ Deep understanding of investment risk as a discipline
▪ Liason with the board and regulators