1. Enterprise & Capital Markets Risk Strategy
• Develop and maintain the firm's comprehensive risk management strategy and framework for capital markets activities.
• Establish and monitor risk appetite, limits, thresholds, and escalation mechanisms across businesses and legal entities.
• Provide independent assessment and challenge of business strategies, current products, trading activities, and material transactions.
• Identify emerging risks and assess their potential impact on capital, liquidity, earnings, reputation, and franchise value.
• Ensure risk considerations are appropriately embedded in strategic and business decisions. 2. Market Risk
• Oversee market risk arising from equities, fixed income, currencies, commodities, derivatives, structured products, and other traded instruments.
• Establish appropriate limits covering VaR, sensitivities, stress losses, concentration, basis, volatility, liquidity, and other relevant measures.
• Oversee stress testing and scenario analysis for both normal and stressed market conditions.
• Review trading-book risk concentrations and ensure timely escalation of material exposures.
• Provide independent challenge to trading strategies, hedging approaches, valuation assumptions, and risk-return decisions. 3. Counterparty & Credit Risk
• Oversee counterparty credit risk across trading and financing activities, including derivatives, securities financing, margin lending, and other capital markets exposures.
• Establish frameworks for counterparty limits, collateral, margining, netting, wrong-way risk, and concentration risk.
• Monitor exposures to financial institutions, corporates, sovereigns, funds, and other counterparties.
• Ensure robust credit assessment, limit monitoring, and escalation processes. 4. Liquidity & Funding Risk
• Oversee liquidity risk associated with trading portfolios, financing activities, collateral requirements, and market stress.
• Partner with Treasury to establish liquidity risk limits, contingency funding arrangements, and stress-testing frameworks.
• Assess liquidity implications of current products, trading strategies, and large or concentrated positions.
• Monitor potential liquidity impacts arising from market volatility, margin calls, collateral movements, and counterparty events. 5. Operational, Technology & Model Risk




• Establish effective oversight of operational risks associated with capital markets activities, including trading, settlement, valuation, controls, and third-party dependencies.
• Oversee technology and cyber-related risks that could materially affect trading and market operations.
• Ensure appropriate governance over risk models, including market risk, valuation, pricing, credit, and stress-testing models.
• Challenge model assumptions, limitations, validation results, and remediation plans. 6. Regulatory & Conduct Risk
• Ensure the risk framework remains aligned with applicable capital markets regulations and supervisory expectations.
• Partner with Compliance and Legal on regulatory risk, market conduct, conflicts of interest, trading controls, and surveillance.
• Maintain effective frameworks for escalation and management of regulatory breaches and material control issues.
• Support regulatory examinations and maintain constructive relationships with regulators and supervisory bodies. 7. New Products & Business Initiatives
• Provide independent risk assessment and approval/recommendation for new products, markets, trading strategies, and material business initiatives.
• Ensure appropriate risk infrastructure, limits, controls, valuation methodologies, and operational capabilities are established before launch.
• Assess risks associated with new technologies, market structures, and evolving financial products. 8. Risk Governance & Reporting
• Provide regular, independent reporting to the Board, Board Risk Committee, Executive Management, and relevant risk committees.
• Present the firm's risk profile, limit utilization, stress-test results, emerging risks, material incidents, and remediation progress.
• Chair or participate in relevant risk governance committees.
• Maintain clear escalation protocols for breaches and material risk events.
• Promote a strong risk culture and clear accountability throughout the organization. 9. Crisis Management & Resilience




• Lead risk-management activities during significant market events, counterparty failures, liquidity events, or operational disruptions.
• Ensure appropriate crisis-management, recovery, and business-continuity frameworks are in place.
• Coordinate cross-functional responses to material risk events and provide timely information to senior management and the Board. Candidate Profile Experience
• Typically 18–25+ years of relevant experience in financial services, with substantial experience in capital markets and risk management.
• Significant experience across multiple capital markets products, preferably including equities, fixed income, derivatives, FX, commodities, structured products, and/or securities financing.
• Proven experience leading risk functions at a bank, broker-dealer, investment bank, asset manager, exchange, market infrastructure institution, or comparable financial institution.
• Experience interacting with Boards, Risk Committees, regulators, auditors, and senior executive teams.
• Demonstrated experience managing risk through periods of significant market volatility or financial stress. Technical Expertise Strong understanding of:
• Market risk and trading-book risk
• Counterparty and credit risk
• Liquidity and funding risk
• Capital adequacy and stress testing
• Derivatives and securities financing
• Risk measurement methodologies and limit frameworks
• Valuation and model risk
• Operational and technology risk
• Regulatory and conduct risk
• Risk governance and internal controls Leadership Competencies
• Strong independent judgment and willingness to challenge senior stakeholders constructively.
• Ability to balance commercial objectives with prudent risk management.
• Excellent understanding of complex financial products and interconnected risks.
• Strong communication skills, particularly with Boards and senior executives.
• Ability to build and lead high-performing, geographically distributed risk teams.
• Robust stakeholder-management and influencing skills.
• High integrity, independence, and commitment to sound governance. Qualifications
• Bachelor's or Master's degree in Finance, Economics, Mathematics, Engineering, Statistics, or a related discipline.
• Professional qualifications such as FRM, CFA, PRM, CA/CPA/ACCA, or equivalent would be advantageous.

📌 Chief Risk Officer (Mumbai)
🏢 AXIS SHARES AND SECURITIES
📍 Mumbai