The Opportunity

We are seeking a Manager / Senior Manager to join our Financial Services Risk Advisory practice. The successful candidate will play a key role in designing and enhancing ERM frameworks, implementing risk governance practices, conducting risk assessments, and advising clients on evolving regulatory and risk management requirements.

Key Responsibilities

- Design, review, and enhance Enterprise Risk Management (ERM) frameworks, policies, and governance structures.
- Develop and monitor Key Risk Indicators (KRIs), Risk Appetite Frameworks, and risk monitoring mechanisms.
- Establish and manage Loss Data Management (LDM) processes, including loss event collection, validation, analysis, and reporting.
- Conduct enterprise-wide risk assessments and facilitate risk identification, measurement, monitoring, and mitigation activities.
- Execute stress testing, scenario analysis, and back-testing exercises across key risk categories.
- Support the development, validation, and enhancement of risk models across operational, credit, market, and enterprise risk domains.
- Analyze risk trends and provide actionable insights to senior management and risk committees.
- Prepare risk dashboards, management reports, and Board-level presentations.
- Ensure alignment with regulatory requirements, Basel guidelines, RBI regulations, ICAAP expectations,



and industry best practices.
- Collaborate with business, compliance, audit, and technology teams to embed effective risk management practices.
- Lead client engagements, manage project delivery, and mentor junior team members.

Qualifications

- 6 to 12+ years of experience in Risk Management, Risk Advisory, Banking, or Financial Services.
- Strong experience in ERM Frameworks, KRIs, Risk Appetite Frameworks, Loss Data Management, and Operational Risk Management.
- Hands-on exposure to stress testing, scenario analysis, back-testing, and risk analytics/model validation.
- Good understanding of Basel guidelines, RBI regulations, ICAAP, and enterprise risk governance practices.
- Proficiency in analytical and reporting tools such as Excel, Power BI, SQL, SAS, Python, R, or similar platforms.
- Strong analytical, problem-solving, stakeholder management, and communication skills.
- Ability to manage multiple engagements and interact effectively with senior client stakeholders.
- Bachelors or Master’s degree in Finance, Risk Management, Economics, Statistics, Mathematics, Accounting, or a related discipline.
- Qualified certifications such as FRM, PRM, CFA, CA, CPA, or equivalent will be an added advantage.

📌 Financial Risk Management Manager (Mumbai)
🏢 BDO India
📍 Mumbai