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A risk manager in a bank is responsible for identifying, evaluating, and managing risks to ensure that the bank operates within acceptable limits and meets regulatory requirements. Their role includes:

- Risk assessment

Analyzing risks, identifying and describing them, and estimating their impact on the business

- Risk evaluation

Comparing estimated risks to the bank's criteria, such as legal requirements, costs, and environmental factors

- Risk appetite

Establishing the level of risk the bank is willing to accept

- Risk reporting

Communicating risk to different audiences, such as the board of directors, business heads, and individuals

- Risk management processes

Designing, implementing, and reviewing risk management processes to ensure compliance with regulations

- Risk mitigation

Developing contingency plans, purchasing insurance, and implementing health and safety measures to limit risks

- Risk oversight

Providing independent oversight to ensure risk-taking activities are aligned with the bank's risk appetite

- Collaboration

📌 Risk Manager - Secured & Unsecured - Mumbai
🏢 Acura Solution
📍 Mumbai