:

The Chief Risk Officer shall oversee the entire process of Risk Management in the bank, including at the group level i.e. covering Domestic Operations, Domestic Subsidiaries and Branches. He/she will be responsible for review of the Risk Models, developing policies, procedures and pricing models, etc. of the Bank.

The Role of Chief Risk Officer, will be broadly classified under the following area of operations,

a) Credit Risk Management.

b) Market Risk Management.

c) Operational Risk Management.

d) Liquidity and Interest rate Risk Management.

In addition to the above, the job role of Chief Risk officer includes the guidelines issued as per the RBI guidelines applicable from time to time.

Mandatory experience:

The candidate should possess at least five years’ experience in Corporate Credit and Risk Management at the level of Assistant General Manager or above in one or more Public Sector Banks; or In an equivalent senior position, involving similar roles and responsibilities, in one or more regulated lending entities, as may be determined by the Bank and the CRO Selection Committee with minimum experience of one year in Corporate Credit and one year in Risk Management.

Desirable experience: Positive understanding of market risk and/or liquidity management and/or operational risk, with exposure to analytics being an added desirable experience.

Mandatory educational qualifications:

The candidate should possess a Graduate Degree from a university/institution recognized by the Government of India or its regulatory bodies, along with any one of the following:

a. Professional certification in financial risk management from the Global Association of Risk Professionals.

b. Professional Risk Management Certification from the PRMIA Institute.

c. At least two years’ experience as Chief Risk Officer in a regulated lending entity in respect of which there is a regulatory requirement for appointment of the CRO with the approval of its Board.

Desirable educational qualifications

Preference may be given to candidates possessing one or more of the following qualifications:

a. Chartered Financial Analyst charter awarded by the CFA Institute.

b. Chartered Accountant qualification awarded by the Institute of Chartered Accountants of India or an equivalent qualification obtained abroad.

c. Cost and Management Accountant qualification awarded by the Institute of Cost Accountants of India or an equivalent qualification obtained abroad.

d. Postgraduate degree in Finance, Economics, Banking, Risk Management, Business Administration or a related field.

e. Certification or specialized qualification in treasury risk, credit risk, operational risk, cyber risk, climate risk, data analytics or model-risk management.

ROLES AND RESPONSIBILITY OF CRO The expectation from the position of the CRO is to be a risk assessor for the Bank. He would be overall in charge of the Risk Management function of the Bank. It is expected that he will be driving the Risk Function from Regulatory/ Monitoring role to an Agile and Insight driven Risk Management Function and to play the role of an advisor to the top Management in the area of Risk Management for the Bank, apart from continuous Risk Monitoring.





He shall be responsible for Implementing and maintaining a sound enterprise wide integrated Risk Management and governance framework encompassing credit, investment, operational, market and compliance risk including measuring and providing quantitative & analytical support to the Business as well as development of a robust Risk Culture in the Bank.

He shall be leading the facilitation, implementation and monitoring of effective risk management practices and ensure operating policies and procedures are complied throughout the Bank. He shall be advocating and supporting the culture of informed risk-taking, heighten awareness and use of advanced risk management practices through training and coaching. Effectively lead & manage the Bank’s team of dedicated risk professionals.

He shall arrange for periodic review and reporting of risk profile of the Bank to Risk Committees/ Top Management/ Board and implementation of BASEL guidelines as per RBI directives from time to time.

He shall be responsible for strategic risk initiatives as assigned, overseeing the Fraud Risk Management Dept.(FRMD), Strengthen frameworks, including EIRMS, policy and cyber risk governance.

In addition to the above the Job role of a CRO can be classified in following line of operations of the Bank.

Credit Risk Management:-

1. Responsible for bank wide effective credit risk management and its implementation.
2. Ensure that there are adequate resources with required skills, experience and qualification.
3. Review and approval of results of credit risk management processes before its reporting to Board.
4. Ensure that all the reporting is done in a timely and accurate manner.
5. Ensure co-ordination between CRM Cell and various other functions / departments in the bank.
6. Ensure adequate training to bank employees on areas of credit risk management through workshop, e-learning materials, induction and other ongoing training programs.
7. Responsible for keeping risk limits, industry/ product/segment/ single loan wise by setting risk appetite. Be responsible for setting of loss limits for portfolios and allocation of capital based on risk return equations.

Market Risk Management :-
1. Translate Market Risk Management framework established by the Board of Directors into specific policies, processes and procedures that can be implemented and verified within the different business units.
2. Clearly assign authority, responsibility and reporting relationships to encourage and maintain accountability and ensure that the necessary resources are available to manage market risk effectively.
3. Assess the appropriateness of the management oversight process in light of the risks inherent in a business unit’s policy.
4. Ensure day-to-day activities are conducted by qualified staff with the necessary expertise,



technical capabilities and access to resources and that staff responsible for monitoring and enforcing compliance are independent from the units they oversee.
5. Ensure that market risk management policy has been clearly communicated to staff at all levels that deals with market risk.
6. Give particular attention to the quality of documentation controls and transaction-handling practices.
7. Guide and direct the market risk management team on monitoring of the entire market portfolio, Interest Rate Risk, Equity Price Risk, Risk capital Analysis monitoring derivatives in respect of foreign currencies, country wise limits, counterparty bank limits and stress testing.

Operational Risk Management:-
1. Supervise the activities of ORM CELL for the continual implementation of effective operational risk management framework and all its components.
2. Review and approval of operational risk related policies and procedures for internal and domestic subsidiaries.
3. Review and approve the recommendations of the ORM CELL before submission to the Operational Risk Management Committee.
4. Assess interrelationships between Operational and other risk types. To facilitate the analysis of risks and interrelationships of risks across market, credit and operational risks.
5. Assure that line and executive management maintain an ongoing understanding of operational risks and participate in related risk management activities.
6. Ensure that operational risk management cell is appropriately staffed with requisite level of qualification, experience and skills.
7. To conduct meeting of Product and Process Approval Committee (PPAC) for approval of new / modification in product, process and systems and place the agenda before the respective committee as under for confirmation of the approval by Product and Process Approval Committee.
8. To conduct Credit Policy Committee (CPC) for credit risk related products.
9. To conduct Asset Liability Management Committee (ALCO) – Market risk related issues including issues related to balance sheet management.
10. Operational Risk Management Committee (ORMC) – For operational risk related issues and where issues other than credit risk and market risk are involved.

Liquidity & Interest Rate Risk Management:
1. CRO would oversee the liquidity position of all PSB Zones and departments.
2. Supervise the activities of ALM Cell for the continual implementation of the effective liquidity risk management framework and all of its components.
3. Review and approval of Asset Liability Management Policy
4. Review and approval of the recommendations of the ALM Cell before submission to ALCO.
5. Assess interrelationships between market risk and other risk types. To facilitate the analysis of risks and interrelationships of risks across market, credit and operational risks.
6. Ensure that line and executive management maintain an ongoing understanding of liquidity and interest rate risks and participate in related risk management activities.
7. Ensure that ALM Cell is appropriately staffed with requisite level of qualification, experience and skills.

Any other roles and responsibilities that may be assigned by the authorities/Bank. If interested on above profile, please share the resume on [email protected] or contact Sonali on (phone hidden).

📌 Chief Risk Officer (New Delhi)
🏢 Punjab u0026 Sind Bank
📍 New Delhi