ROLE SUMMARY The Chief Business & Product Management Officer is the firm's senior-most risk leader. The role owns the enterprise risk framework across every business line and product: it sets risk appetite, approves and monitors trading products, and keeps market, credit, liquidity, operational, technology and regulatory risk within agreed limits.

KEY RESPONSIBILITIES

1. Enterprise Risk Management

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Design, implement and maintain the Enterprise Risk Management (ERM) framework, risk policies and Board-approved risk appetite statement

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Run periodic risk assessments, stress tests and scenario analysis covering market, liquidity and counterparty events

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Embed a risk-aware culture through policies, training and clear risk ownership at the business-head level

2. Market and Broking Risk

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Oversee the Risk Management System for equity, F&O;, currency and commodity segments, including real-time margin monitoring and square-off rules

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Set and review exposure, concentration and client-level limits; manage peak margin, MTF and pledge-based funding risk

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Monitor intraday exposures and volatility-driven events, with clear risk escalation protocols

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Ensure compliance with SEBI and exchange margining, collateral and client fund segregation norms

3. Product Risk Governance

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Assess each product's risk profile, suitability, pricing, operational readiness and regulatory fit before launch

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Monitor live products against agreed risk thresholds and recommend changes, restrictions or withdrawal

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Partner with business and product heads so risk is designed into product roadmaps, not added later

5. Operational and Business Continuity Risk

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Own the operational risk framework: process risk reviews, RCSA, incident and loss-event reporting, and root-cause analysis

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Oversee fraud risk controls, including mule-account detection, unauthorised trading and insider-trading surveillance

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Lead Business Continuity and Disaster Recovery planning, with periodic drills and documented results

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Manage outsourcing,



third-party and vendor risk

6. Regulatory Risk and Governance

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Ensure the risk function meets SEBI, NSE, BSE, MCX, depository and RBI (where applicable) requirements

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Support inspections, audits and regulator queries on risk matters, and track closure of observations

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Work closely with Compliance, Internal Audit and Legal while keeping the risk function independent

7. Risk Reporting and Leadership

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Present a consolidated risk dashboard to the Management

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Report limit breaches, emerging risks and remediation status with clear recommendations

EXPERIENCE AND QUALIFICATIONS

Experience

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15+ years in risk management within capital markets, of which 5+ years as Chief Risk Officer, Head of Risk or equivalent

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Deep hands-on exposure to stockbroking RMS, margin funding and derivatives risk at a SEBI-registered intermediary

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Experience in risk oversight for PMS, AIF, wealth or asset management is strongly preferred

Qualifications

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CA, MBA (Finance) or a postgraduate degree in Finance, Economics or a quantitative field from a Tier 1 university

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FRM (GARP) or CFA is a plus

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Relevant NISM certifications (e.g. Series VIII equity derivatives, risk and compliance modules) preferred

SKILLS AND COMPETENCIES

Technical

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Solid command of market, credit, liquidity and operational risk methods: VaR, SPAN margins, stress testing, scenario analysis

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Working knowledge of SEBI regulations for stockbrokers, depository participants, PMS and AIFs, plus exchange circulars

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Familiarity with RMS and back-office platforms (e.g. Omnesys, ODIN or in-house systems) and risk analytics tools

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Comfort with data: Advanced Excel, BI dashboards (Power BI / Tableau); SQL or Python a plus

Leadership

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Independent risk judgement and the confidence to say no to the business, with workable alternatives

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Clear communicator who turns complex risk into plain recommendations for the Board and CXOs

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Understands revenue drivers and helps the business grow within risk limits

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Builds and develops high-performing teams; calm and decisive during market stress events

📌 Chief Product and Business Risk Officer (Mumbai)
🏢 PhillipCapital India
📍 Mumbai