<p>As the Chief Risk Officer (CRO) for JM Financial Mutual Fund, you will play a critical role in overseeing and managing the risk management framework of the mutual fund house. You will be responsible for identifying, measuring, monitoring, and mitigating various types of risks that could impact the fund&#39;s performance and stability. The CRO will collaborate closely with the senior management team and the investment committee to ensure that risk-related decisions align with the fund&#39;s objectives and regulatory requirements.</p> <p>Key Responsibilities:</p> <ol> <li> <p>Risk Management Strategy: Develop and implement a comprehensive risk management strategy that aligns with the fund&#39;s overall objectives and risk appetite. Continuously review and update the strategy to address emerging risks and changing market conditions.</p> </li> <li> <p>Risk Identification and Assessment: Identify, assess, and prioritize various risks faced by the mutual fund, including market risk, credit risk, liquidity risk, operational risk, and regulatory compliance. Perform stress testing and scenario analysis to evaluate the fund&#39;s resilience to adverse market conditions.</p> </li> <li> <p>Risk Mitigation and Controls: Design and implement risk mitigation measures, controls, and procedures to minimize potential losses. Ensure that the risk management framework is well integrated into the fund&#39;s day-to-day operations.</p> </li> <li> <p>Compliance and Regulatory Oversight: Monitor and ensure the fund&#39;s compliance with relevant regulatory requirements, guidelines, and industry best practices. Provide regular updates to senior management and the board on risk-related matters.</p> </li> <li> <p>Risk Reporting: Prepare and present regular risk reports to senior management and the board of directors, highlighting key risk exposures, trends, and mitigation efforts. Communicate complex risk concepts in a clear and concise manner.</p> </li> <li> <p>Investment Risk Analysis: Collaborate with the investment team to evaluate and assess investment risks associated with different asset classes, financial instruments, and investment strategies.</p> </li> <li> <p>Risk Culture and Training: Promote a strong risk-aware culture within the organization and facilitate risk management training for staff at all levels.</p> </li> <li> <p>Risk Committee Management: Coordinate and lead risk management committee meetings, fostering active participation and constructive discussions among members.</p> </li> <li> <p>External Relationships: Engage with external stakeholders, including regulatory authorities, industry peers, and risk management forums, to stay informed about industry trends and best practices.</p> </li> </ol> <p>Qualifications and Experience:</p> <ul> <li>A bachelor&#39;s degree in finance, economics, business administration, or a related field. An advanced degree (e.g., MBA, CFA, FRM) would be advantageous.</li> <li>Proven experience of at least 10 years in risk management within the financial services industry, preferably in mutual funds or asset management.</li> <li>Strong understanding of financial markets, investment products, and risk management principles.</li> <li>Familiarity with relevant regulatory requirements and guidelines governing mutual funds.</li> <li>Excellent analytical, quantitative, and problem-solving skills.</li> <li>Effective communication and presentation abilities, with the capability to interact confidently with senior stakeholders.</li> <li>Leadership qualities and the ability to lead a team of risk professionals.</li> </ul>