Head of Risk (AIF & PMS )

Edelweiss Financial Services Limited; Mumbai; On-site; INR 4,000,000 - 7,000,000; Full time

Job summary

Edelweiss Financial Services Limited in Mumbai invites a Risk & Governance Lead to design, implement, and oversee risk and governance frameworks across products, strategies, and processes. You will partner with Investment, Product, Operations, Technology, Compliance and Distribution to strengthen decision-making and risk visibility.

The role requires building robust controls, risk appetite, and governance standards, while ensuring regulatory alignment and effective incident management across the

Qualifications

• 8-15 years of experience in risk management, governance, controls, operational risk, investment risk, or related functions.
• Experience within asset management, alternatives, capital markets, wealth management, investment platforms, brokerages, fintechs, or financial institutions.
• Demonstrated experience building or strengthening risk and governance frameworks.
• Strong understanding of investment products, operating models, and financial market infrastructure.

Responsibilities

• Design and continuously enhance risk management framework for the business.
• Develop policies, procedures, controls, and governance standards across all business activities.
• Establish risk appetite, risk limits, escalation mechanisms, and monitoring protocols.
• Ensure consistency of risk management practices across all products and business lines.
• Review and monitor risks associated with investment strategies and product structures.
• Evaluate market, liquidity, leverage, concentration, and operational risks associated with new and existing offerings.
• Conduct risk assessments for new products before launch.
• Monitor risk exposures against approved parameters and governance standards.
• Recommend enhancements to improve risk-adjusted outcomes and investor protection.
• Participate in product design and approval processes.
• Develop risk assessment frameworks for new investment products and strategies.
• Maintain product approval, review, and change-management processes.
• Ensure risk, operational, technology, compliance, and scalability considerations are embedded into product development.
• Establish governance processes across investment, product, operations, and technology functions.
• Maintain and periodically review governance policies and decision-making protocols.
• Coordinate governance reviews and management committees.
• Track action items, risk incidents, policy exceptions, and remediation plans.
• Identify, assess, and monitor operational risks for the business.
• Develop incident management, escalation, and root-cause analysis processes.
• Maintain business continuity and disaster recovery frameworks.
• Assess and monitor risks associated with brokers, custodians, technology vendors, service providers, and strategic partners.
• Review operational dependencies and concentration risks.
• Support due diligence and ongoing monitoring of key external relationships.
• Partner with Compliance and Legal teams to ensure governance frameworks remain aligned with regulatory expectations.
• Monitor emerging regulatory developments and assess potential business impacts.
• Support internal reviews, audits, and regulatory examinations as required.
• Develop senior management dashboards and risk reporting frameworks.
• Provide independent assessments of material business, operational, investment, and governance risks.
• Assist in responding to investor, partner, auditor, and consultant requests related to risk and governance practices.
• Contribute to the firm's institutionalization efforts through robust documentation and reporting standards.

Skills

Risk management

Governance

Controls

Operational risk

Investment risk

Financial markets

Policy development

Stakeholder communication

Education

FRM

CFA

MBA

Job description

The Risk & Governance Lead will be responsible for designing, implementing, and overseeing risk and governance framework across existing and future products, investment strategies, operating processes, and business functions.

This role will act as an independent control function, partnering with Investment, Product, Operations, Technology, Compliance, and Distribution teams to strengthen decision-making, risk visibility, and governance standards across the organization.

Key Responsibilities

• Design and continuously enhance risk management framework for the business.
• Develop policies, procedures, controls, and governance standards across all business activities.
• Establish risk appetite, risk limits, escalation mechanisms, and monitoring protocols.
• Ensure consistency of risk management practices across all products and business lines.
• Review and monitor risks associated with investment strategies and product structures.
• Evaluate market, liquidity, leverage, concentration, and operational risks associated with new and existing offerings.
• Conduct risk assessments for new products before launch.
• Monitor risk exposures against approved parameters and governance standards.
• Recommend enhancements to improve risk-adjusted outcomes and investor protection.

New Product Governance

• Participate in product design and approval processes.
• Develop risk assessment frameworks for new investment products and strategies.
• Maintain product approval, review, and change-management processes.
• Ensure risk, operational, technology, compliance, and scalability considerations are embedded into product development.

Governance & Control Framework

• Establish governance processes across investment, product, operations, and technology functions.
• Maintain and periodically review governance policies and decision-making protocols.
• Coordinate governance reviews and management committees.
• Track action items, risk incidents, policy exceptions, and remediation plans.
• Identify, assess, and monitor operational risks for the business.
• Develop incident management, escalation, and root-cause analysis processes.
• Maintain business continuity and disaster recovery frameworks.

Third-Party & Counterparty Risk

• Assess and monitor risks associated with brokers, custodians, technology vendors, service providers, and strategic partners.
• Review operational dependencies and concentration risks.
• Support due diligence and ongoing monitoring of key external relationships.

Regulatory & Compliance Risk Support

• Partner with Compliance and Legal teams to ensure governance frameworks remain aligned with regulatory expectations.
• Monitor emerging regulatory developments and assess potential business impacts.
• Support internal reviews, audits, and regulatory examinations as required.

Management Reporting

• Develop senior management dashboards and risk reporting frameworks.
• Provide independent assessments of material business, operational, investment, and governance risks.

Investor & Stakeholder Assurance

• Assist in responding to investor, partner, auditor, and consultant requests related to risk and governance practices.
• Contribute to the firm's institutionalization efforts through robust documentation and reporting standards.

Desired Experience

Mandatory

• 8-15 years of experience in risk management, governance, controls, operational risk, investment risk, or related functions.
• Experience within asset management, alternatives, capital markets, wealth management, investment platforms, brokerages, fintechs, or financial institutions.
• Demonstrated experience building or strengthening risk and governance frameworks.
• Strong understanding of investment products, operating models, and financial market infrastructure.

Preferred

• Exposure to PMS, AIFs, Managed Accounts, Investment Advisory, Wealth Management.
• Experience supporting new product launches and business growth initiatives.
• Experience working with quantitative, systematic, or technology-enabled investment businesses.
• Professional qualifications such as FRM, CFA, MBA, or equivalent.

Technical

• Control Design & Monitoring
• Operational Risk / Business continuity

Leadership

• Independent thinking and judgment
• Ability to influence cross-functional teams
• High integrity and ownership mindset
• Excellent communication and presentation skills