Head – Market Risk – Bank

ABC Consultants; Mumbai; Presencial; INR 3.500.000 - 6.500.000; Jornada completa

Descripción de la vacante

A financial institution in Mumbai is looking for a professional to oversee Market Risk Management. The role includes ensuring compliance, developing policies, and managing risk models. Candidates should have expertise in market risk regulations and a strong analytical background. Opportunities for continuous improvement and advocacy will be included in this strategic position.

Responsabilidades

• Overall responsibility for the Market Risk Management function of the Bank.
• Framing, implementing, and reviewing the Bank’s Market Risk Management policies.
• Ensuring adherence to regulatory guidelines and periodic reporting.
• Acting as a member of the Asset Liability Management Committee to manage risk.
• Developing and validating risk models and performing analytics.
• Defining and maintaining the risk appetite framework specific to market risk.
• Overseeing the implementation of BASEL III Capital Regulations.
• Representing the Bank on matters related to market risk management.
• Driving improvements in market risk practices and policies.
• Supporting the development of market risk-related elements of the Bank’s BCP.
• Performing other market risk-specific tasks as entrusted by the Bank from time to time.

Descripción del empleo

The roles and responsibilities are given below:

Supervision of Market Risk Management

• Overall responsibility for the Market Risk Management function of the Bank, ensuring effective oversight and management of all market risk-related activities.

Policy Development and Review

• Framing, implementing, and periodically reviewing the Bank’s Market Risk Management policies, aligning them with regulatory guidelines and industry best practices.

Compliance and Reporting

• Ensuring adherence to applicable regulatory and statutory guidelines related to market risk, including periodic reporting to the relevant authorities and internal committees.

Asset Liability Management (ALM)

• Acting as a member/convener of the Asset Liability Management Committee (ALCO) to manage and mitigate market risk effectively.

Risk Modelling and Analytics

• Developing and validating risk models related to market risk, performing analytics to support decision-making, and ensuring calibration of risk models as per regulatory requirements.

Risk Tolerance and Appetite Framework

• Defining and maintaining the risk appetite framework specific to market risk, including setting qualitative and quantitative tolerance levels.

Implementation of Regulatory Frameworks

• Overseeing the implementation of BASEL III Capital Regulations pertaining to market risk for Financial Institutions.

Representation and Advocacy

• Representing the Bank in various forums on matters related to market risk management.

Continuous Improvement

• Driving ongoing improvements in market risk practices and policies to align with evolving regulatory standards and business requirements.

Crisis Management for Market Risk

• Supporting the development and execution of market risk-related elements of the Bank’s Business Continuity Planning (BCP) framework.

Other Duties

• Performing any other market risk-specific tasks entrusted by the Bank from time to time.