Job
Description
Job Title: Chief Risk Officer (CRO) Location: Ahmedabad Reporting To: Chief Executive Officer (CEO) / Board of Directors Employment Type: Full-Time About the Role We are seeking an experienced Chief Risk Officer (CRO) to lead our organizations risk management strategy, ensuring robust governance and regulatory compliance. The CRO will play a pivotal role in safeguarding the firm’s operations, reputation, and assets by establishing and overseeing a comprehensive risk management framework. This role is independent from the investment function (CIO) and reports directly to the CEO and Board of Directors. Key Responsibilities Risk Framework Implementation Implement and maintain an enterprise-wide risk management framework aligned with regulatory standards and industry best practices. Governance & Oversight Review and define the specific risk management responsibilities of senior leadership including the CEO, CIO, CXOs, and Fund Managers. Risk Reporting Mechanism Establish a formal risk reporting process to provide quarterly updates to the Board of AMC, Trustees, and Risk Management Committees (RMCs) covering: Key risk metrics Escalation of material risk incidents Timely implementation of corrective actions Independent Risk Assessment Ensure an unbiased evaluation of risks and risk reporting to key governance committees and the CEO, independent of the investment function. CEO-Level Reporting Develop a monthly reporting structure to keep the CEO informed of emerging risks and mitigation strategies. Daily Risk Operations Oversee daily risk management and reporting activities, including identifying, monitoring, and addressing deviations in line with a Board-approved Delegation of Powers (DoP). Corrective Action Oversight Monitor and initiate corrective measures at the Fund Manager, CIO, and CEO levels as needed, ensuring alignment with the firm’s risk appetite. Regulatory & Board Communication Communicate major risk findings, incidents, and required corrective actions to the Board of AMC, Trustees, and RMCs. Provide regular updates on the closure or progress of risk mitigation recommendations. Key Requirements Education: Postgraduate degree in Risk Management, Finance, Economics, Business Administration, or related field. Relevant certifications (e.g., FRM, PRM, CFA) are a plus. Experience: Minimum 3-5 years of experience in financial services, preferably in mutual fund/asset management industry, with at least 5 years in a senior risk leadership role. Skills and Competencies: Strong understanding of SEBI regulations and industry compliance requirements Deep knowledge of investment and operational risk frameworks Excellent analytical, strategic, and communication skills High integrity and strong independent judgment Proven leadership and stakeholder management capability.
