Risk: PMC/CMC TeamINTERNAL USAGE:No. of Vacancies:1Reports to:DVPIs a Team leader? Team Size: Grade: Business:Corporate CenterDepartment:�RiskSub-Department:PMC/CMCLocation: COAbout RiskThe Risk department ensures that the Bank�s risk is managed through a risk management architecture as well as through policies and processes approved by the Board of Directors encompassing independent identification, measurement and management of risks across the various businesses of the Bank. The Risk department of the Bank strives to proactively anticipate vulnerabilities at the transaction as well as at the portfolio level, through quantitative or qualitative examination of the embedded risksAbout the RoleEffective management of the Product/Process Approval framework of the Bank.



The framework ensures that approval for new products / processes and changes therein are introduced through a documented procedure in order to ensure that risks associated with products and processes are identified and necessary controls are defined and agreed.Key Responsibilities� Independently managing and driving process approvals for recent products or change in the processes pertaining to Cards and Merchant Acquiring business, WBP, Retail Lending Business.
� Evaluating new products and its related processes/changes in existing processes
� Effectively reviewing processes, identifying gaps in the process and finalizing the solution approach with business/operations unit before circulating the notes to stakeholders for their approval
� Ensuring comprehensiveness of process, zero design failures and providing inputs to make the process more efficient and seamless with emphasis on automation.
� Identification of potential risk in processes and suggesting mitigants for strengthening the process
� Liaise and coordinate with key stakeholders across business functions to ensure that a robust process is introduced within the stipulated timelines
� To create awareness in the business units to ensure that the unit

📌 Risk:PMC & CMC Team (Mumbai)
🏢 Axis Bank
📍 Mumbai