Risk Officer (Only from AMC)

Choice International; Mumbai; On-site; INR 1,000,000 - 1,800,000; Full time

Job summary

Choice International in Mumbai seeks a dedicated risk leader to build and enhance the enterprise risk management program across investments, operations and compliance. The role interacts with fund managers, compliance and governance bodies to safeguard assets and ensure robust risk controls.

The incumbent will drive framework alignment with SEBI and AMFI guidelines while leading reporting to the Board and management. A comprehensive, proactive risk culture is expected.

Responsibilities

• 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.
• 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.
• 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.
• 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.
• 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.
• 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.

Job description

Key Responsibilities

1. 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.

2. 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.

3. 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.

4. 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.

5. 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.

6. 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.