Chief Risk Officer (AMC/Mutual Fund)

About the Role

This role is for a Chief Risk Officer (AMC/Mutual Fund) at Choice International Limited.

Key Responsibilities

• Enterprise Risk Management

• Develop and implement a comprehensive risk management framework for the AMC.

• Identify, assess, and monitor investment, operational, liquidity, market, and business risks.

• Establish risk policies, procedures, controls, and escalation mechanisms.

• Conduct periodic risk assessments and recommend mitigation strategies.

• Investment & Portfolio Risk Management

• Monitor portfolio risks, including market, credit, liquidity, concentration, and interest rate risks.

• Ensure compliance with investment mandates, scheme objectives, and internal risk limits.

• Review portfolio exposure and identify potential risks arising from market volatility.

• Work closely with fund managers and investment teams to ensure appropriate risk controls.

• Regulatory Compliance & Governance

• Ensure the risk management framework aligns with applicable SEBI regulations, AMFI guidelines, and other regulatory requirements.

• Coordinate with Compliance, Internal Audit, and other departments to address regulatory observations.

• Support risk-related reporting to the Board, Trustees, and relevant committees.

• Ensure timely reporting and escalation of material risk events.

• Operational Risk Management

• Identify and mitigate operational risks across fund management, transactions, technology, and business operations.

• Establish internal controls to minimize process failures, fraud, and operational losses.

• Oversee business continuity planning and disaster recovery risk assessments.

• Monitor outsourcing, third-party, and vendor-related risks.

• Liquidity & Stress Testing

• Establish liquidity risk monitoring mechanisms for mutual fund schemes.

• Conduct periodic stress testing and scenario analysis.

• Assess the impact of adverse market conditions on portfolios and liquidity.

• Develop contingency plans and recommend corrective actions where necessary.

• Risk Reporting & Stakeholder Management

• Prepare periodic risk reports, dashboards, and management updates.

• Present significant risk exposures and mitigation plans to senior management and relevant committees.

• Work closely with the CEO, CIO, fund managers, Compliance, and Operations teams.

• Promote a strong risk management culture across the organization.