Chief Risk Officer ( CRO )

Job Description

Bombay Mercantile Co-Operative Bank Ltd., a leading Multi-State Scheduled Bank, with 52 branches across 10 states, requires dynamic and experience personnel. Age: 45-50 Years Location: Mumbai Qualification and Experience: Postgraduate in Finance, Risk Management, Economics, or related field. Minimum 10–15 years of experience in banking/financial institutions with at least 5 years in a senior risk management role Certification in Risk Management (e.g., FRM, CRM) is desirable. Key Responsibilities: Risk Governance & Policy Framework : Develop and maintain a comprehensive Risk Management Policy and Risk Appetite Framework for the Bank. Establish internal controls, policies, and procedures for effective risk management across all departments. Credit Risk Management: Monitor credit portfolio performance, exposure limits, and concentration risks. Ensure credit risk is appropriately assessed in credit proposals, recovery, and restructuring processes. Operational Risk Management: Identify and assess operational risks across branches and departments. Implement Key Risk Indicators (KRIs), risk registers, and incident reporting systems. Market & Liquidity Risk Management: Monitor risks related to interest rate movements, investment portfolio volatility, and asset-liability mismatches. Ensure compliance with liquidity coverage ratio (LCR) and statutory liquidity ratio (SLR) norms. Compliance and Regulatory Oversight: Ensure adherence to RBI guidelines, Cooperative Societies Act, and other applicable laws. Liaise with regulators and auditors on all matters related to risk and compliance. Risk Reporting: Prepare and present periodic risk reports to the Board, Risk Management Committee, and Audit Committee. Escalate material risk exposures or breaches promptly to the Board/Management. Enterprise Risk Management (ERM): Integrate risk management into strategic planning, product development, and change initiatives. Promote a strong risk culture across all levels of the organization. Technology and Cyber Risk: Oversee risk associated with IT infrastructure, cybersecurity, data privacy, and system resilience. Coordinate with the IT department to ensure appropriate safeguards and controls are in place. Capacity Building: Conduct regular risk awareness training for staff and senior management. Foster a culture of risk ownership and proactive risk identification. Job Type: Full-time Schedule: Day shift Ability to commute/relocate: Masjid, Mumbai, Maharashtra: Reliably commute or planning to relocate before starting work (Preferred) Education: Bachelor's (Preferred) Experience: Risk Management: 10 years (Preferred) Work Location: In person