Chief Risk Officer (CRO)

A Leading Small Finance Bank is seeking a strategic Chief Risk Officer (CRO) to join its executive leadership team in Navi Mumbai. In this high-impact role, you will be responsible for overseeing the bank’s entire risk management framework, covering Credit, Market, and Operational risks. Furthermore, you will ensure that the bank’s risk-taking activities remain within the approved appetite and fully compliant with RBI guidelines. Consequently, this position is vital for maintaining the financial stability and regulatory integrity of the institution.

The Chief Risk Officer (CRO) must lead the Risk Management Committee and provide expert guidance on emerging threats in the banking sector. Additionally, you will drive a strong risk culture across all branches and departments through proactive engagement and training. Therefore, the bank is looking for a seasoned professional with over 20 years of experience in the banking industry. If you have a deep understanding of Basel III norms and enterprise risk management, this Chief Risk Officer (CRO) role offers a premier executive path.

Key Responsibilities

• Design and implement a comprehensive Enterprise Risk Management (ERM) framework for the bank.
• Oversee the identification, assessment, and mitigation of Credit, Market, and Operational risks.
• Establish and monitor the bank’s Risk Appetite Statement and ensure adherence to internal limits.
• Lead the Risk Management Committee of the Board (RMCB) and report on the bank’s risk profile.
• Ensure strict compliance with RBI regulations, including Basel III requirements and ICAAP.
• Develop robust credit risk rating models and oversee the portfolio monitoring process.
• Implement advanced market risk management techniques, including Value-at-Risk (VaR) and stress testing.
• Collaborate with the Internal Audit and Compliance teams to ensure a unified approach to risk governance.
• Drive the adoption of risk management technology and automated monitoring tools.
• Provide strategic inputs to the Board on capital planning and long-term risk strategy.

Requirements and Qualifications

• Post-graduate degree in Finance, Economics, or a related field (CA/MBA preferred).
• Minimum of 20 years of experience in Banking, with at least 5 years in a senior risk management role.
• Deep technical knowledge of RBI regulations, Basel III, and statutory compliance.
• Strong leadership skills with the ability to influence at the Board and Executive level.
• Exceptional analytical skills and experience in managing diverse risk portfolios.