Lead - Risk ( AIF, PMS, Asset )

ECap Equities; Mumbai; On-site; INR 2,500,000 - 3,500,000; Full time

Job summary

ECap Equities is seeking a Risk & Governance Lead in Mumbai to design, implement, and oversee risk and governance frameworks across products, strategies, and operations. You will partner with multiple teams to strengthen risk visibility and governance standards across the organization.

The role requires 8–15 years in risk management and governance within asset management or financial services, with strong knowledge of investment products and market infrastructure.

Qualifications

• 8–15 years of experience in risk management, governance, controls, operational risk or related functions.
• Experience in asset management, capital markets, wealth management or financial institutions.
• Demonstrated ability to build or strengthen risk and governance frameworks.
• For preferred: PMS, AIFs, managed accounts or investment advisory.

Responsibilities

• Design and oversee risk management framework across products and functions.
• Manage risk oversight for investments and product structures.
• Develop and govern new product risk assessment and approval processes.
• Maintain governance policies and decision-making processes.
• Identify operational risks, incident management, and business continuity plans.
• Assess third-party and counterparty risks; support due diligence.
• Support regulatory compliance and internal/external reviews.
• Prepare senior management risk dashboards and reporting.
• Engage with investors and stakeholders on risk and governance matters.

Skills

Risk management

Governance

Controls design

Risk reporting

Business continuity

Stakeholder management

Education

FRM

CFA

MBA

Job description

Risk & Governance Lead

Location Mumbai

About the Role

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

Risk Framework Development

• 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.

Investment & Product Risk Oversight

• 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.

Operational Risk & Resilience

• 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.

Key Competencies

Technical

• Product Risk Assessment
• Investment Risk Management
• Control Design & Monitoring
• Risk Reporting & Analytics
• Operational Risk / Business continuity

Leadership

• Independent thinking and judgment
• Strong stakeholder management
• Ability to influence cross‑functional teams
• High integrity and ownership mindset
• Excellent communication and presentation skills