Manager - Risk

About IEX:

Indian Energy Exchange is Indias premier energy marketplace, providing a nationwide automated trading platform for the physical delivery of electricity, renewables, and certificates. More recently, IEX has pioneered cross border electricity trade expanding its power market beyond India in an endeavour to create an integrated South Asian Power Market. IEX is powered by state-of-the-art, intuitive and customer centric technology, enabling efficient price discovery and facilitating the ease of power procurement. IEX is approved and regulated by the Central Electricity Regulatory Commission and has been operating since 27 June 2008 and is a publicly listed company with NSE and BSE since October 2017.

Job Summary:

This role is expected to oversee and enhance the organizations risk management framework. Identify, assess, and mitigate risks across various domains, ensuring compliance with regulatory standards and safeguarding the organizations reputation and operational stability. This role requires collaboration across departments and assist Board level Committees in discharging their mandates.

Key Responsibilities

1. Conduct comprehensive risk assessments to identify potential threats across operational, financial, legal, and strategic areas as per Risk management policy. Oversee the maintenance of risk registers and ensure alignment with organizational objectives. Enhance employees awareness of risk management practices through regular training sessions.
2. Develop and implement risk management strategies, including contingency plans, and mitigation measures in collaboration with cross-functional teams to address identified risks effectively.
3. Ensure adherence to industry regulations, including CERC/CEA requirements or other applicable standards. Maintain up-to-date knowledge of relevant laws and compliance requirements.
4. Prepare detailed reports/presentations/minutes for Board Committees ie. ERMC, RAMC, MSC, SGF etc. and other compliance documentation.
5. Oversee Inspection of Members of the Exchange.
6. ISO Certification Management: Coordinate ISO Surveillance Audits, including hiring consultants and updating documentation.

Qualifications & Experience

• Masters degree in business administration, Finance, Law, or a related field.
• Minimum 10+ years of total experience with minimum 6 years of experience in risk management role.
• Professional certifications such as PRM (Professional Risk Manager) or equivalent are preferred.
• Familiarity with ISO certification processes is an advantage.

If keen, please share your CV at farmina.khan@iexindia.com