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, new 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 new 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.
- Strong 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.
- Skilled qualifications such as FRM, CFA, PRM, CA/CPA/ACCA, or equivalent would be advantageous.

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