Executive Director

Michael Page; Mumbai; On-site; INR 6,500,000 - 9,000,000; Full time

Job summary

Global Bank in Mumbai seeks a seasoned risk leader to drive Market Risk and Liquidity Risk oversight, ensuring robust VaR, stress testing, and regulatory compliance. You will lead cross-functional collaboration with Treasury, Front Office, Finance, and IT, build a scalable operating model, and manage audits and regulatory responses.

Fluent English and extensive experience are essential. This permanent role offers broad risk remit and opportunities to shape governance in a leading financial

Qualifications

• Solid experience in Market Risk and/or Liquidity Risk (15+ years) with leadership responsibilities.
• Practical capability to run, control and explain VaR/sensitivities/stress/backtesting frameworks.
• Proven experience in regulatory and audit engagement (reporting, query handling, remediation).
• Strong stakeholder management and ability to drive alignment across Treasury/Front Office/Finance/IT and other functions.
• Business-level English for documentation, governance meetings, HO communications.

Responsibilities

• Identify and implement process improvements.
• Oversee Market Risk oversight: monitor VaR, sensitivities, stress testing, back-testing and P&L explain.
• Oversee Liquidity Risk oversight: monitor liquidity indicators, funding outlook and concentration risks; design stress scenarios.
• Design/review limit structures; manage exceptions and remediation for limit breaches.
• Lead risk review for new products/transactions/models and support readiness for securitization.
• Support ALM/IRRBB governance and align with HO/APAC policies.
• Prepare materials for committees (e.g., ALCO) and track actions.
• Coordinate RBI responses and HO reporting; central liaison for inquiries.
• Own remediation planning and closure of audit findings.
• Define target operating model and roadmap; establish SOPs and templates.
• Design training plans to uplift analytics and data capabilities with IT.

Skills

Market Risk

Liquidity Risk

VaR / Stress Testing

Regulatory & Audit Liaison

Stakeholder Management

English Communication

Python

R

SQL

Tools

Python

R

SQL

Job description

• Global Bank
• Leadership Role

About Our Client

Global Bank

Job Description

1. 1. Identify and suggest process improvements.Overall Market Risk oversight: Run monitoring and escalation for key metrics including VaR, sensitivities, stress testing, back-testing and P&L explain.
2. 2. Overall Liquidity Risk oversight: Monitor liquidity indicators, funding outlook and concentration/funding risks; design/maintain stress scenarios and provide management recommendations.
3. 3. Limit framework & controls: Design/review limit structures, manage exceptions, and oversee remediation and recurrence pr evention for limit br eaches.
4. 4. Risk review for new products/transactions/models: Lead risk assessment and approval s upport ( issue identification, validation/test design, additional testing requests, limitations disclosure and documentation). The scope includes readiness building f or f uture coverage such as securitization products
5. 5. ALM/IRRBB-related governance support: Support and enhance the local framework, processes and reporting in alignment with local business scope and HO/APAC policies.
6. 6. Committee support (e.g., ALCO): Prepare materials, structure discussions, support decision-making and track follow-ups/actions.
7. 7. Regulatory (e.g., RBI) response & HO reporting: Ensure timeliness, consistency and explainability; act as a central coordinator for regulatory queries and inter nal report ing.
8. 8. Audit responses: Serve as the primary contact for internal/external audits and HO reviews; own remediation planning, execution tracking and closure of findings.
9. 9. Organization rebuild / market-standardization: Conduct gap assessment and define target operating model and roadmap; establish RACI, SOPs and templates; reduce key-person dependency and improve operational repeatability.
10. 10. Talent development (Quant/IT & data uplift): Design and deliver training plans (formal training + OJT + review routines) to embed analytical and improvement capabilities as team strengths; drive data quality and reporting automation initiatives in part nership with IT and relevant functions

The Successful Applicant

Must

• 1. Solid experience in Market Risk and/or Liquidity Risk (typically 15+ years), including leadership/management responsibilities
• 2. Practical capability to run, control and explain VaR/sensitivities/str ess/backtesting frameworks (not only theor etical knowledge)
• 3. Proven experience in regulatory and audit engagement (reporting, query handling, remediation)
• 4. Strong stakeholder management and ability to drive alignment across Treasury/Front Office/Finance/IT and other functions
• 5. Business-level English (documentation, governance meetings, HO communications)

Preferred

• 1. Knowledge of the Indian market and RBI expectations; experience working in India
• 2. Exposure to ALM/IRRBB, model risk management, and data/reporting platform enhancements
• 3. Hands- on analytical experience with Python/R/SQL ( implementation depth is less critical than problem framing and review capability)

Competencies

• 1. Strong execution capability to diagnose, redesign and embed a target operating model
• 2. People development mindset to uplift quantitative/IT skills through training and standardization
• 3. Clear communication and balanced judgement to maintain independent oversight while enabling the business

What's on Offer

• Permanent position in the financial services industry.
• Opportunities to develop skills in banking and financial consultancy.
• A professional working environment.