About the role

Aptus Value Housing Finance India Ltd

Aptus Value Housing Finance India Ltd is a leading affordable housing finance company, an approved Home Loan company by NHB, providing Home Loans to self-employed, Low and Middle-Income Families primarily from semi-urban and rural areas. It has a subsidiary known as Aptus Finance India Private Limited, an NBFC registered with RBI, focused on creating new economic opportunities for deserving small business entrepreneurs by giving SME loans for their business purposes. Aptus has 330+ branches across 6 states with 4000+ employees.

For more details visit our official website: https://www.aptusindia.com/

About Role - Chief Risk Officer (CRO)

The Chief Risk Officer (CRO) will provide independent, enterprise-wide risk leadership to ensure robust risk governance, regulatory compliance, and sustainable growth. The role is responsible for establishing and overseeing the Risk Management Framework in line with RBI/NHB guidelines and best practices applicable to NBFCs and Housing Finance Companies.

Key Responsibilities

Establish and maintain a comprehensive Enterprise Risk Management (ERM) framework covering credit, market, liquidity, operational, fraud, regulatory, reputational, and strategic risks.
Define, implement, and periodically review the Risk Appetite Framework and ensure alignment with business strategy and regulatory expectations.
Identify, assess, prioritize, and mitigate key risks through structured risk assessment methodologies and well-defined mitigation plans.
Develop and implement robust credit risk, market risk, liquidity risk, and operational risk policies in line with RBI/NHB regulations.
Provide independent risk challenge to business proposals, new products, and growth initiatives to ensure balanced risk-adjusted decision-making.
Oversee fraud risk management including prevention, detection, investigation, and corrective action frameworks across the organization.
Lead root cause analysis of portfolio slippages, policy deviations, operational failures, and control weaknesses and ensure timely corrective and preventive actions.
Establish strong internal controls, loan underwriting standards, and credit monitoring mechanisms to protect portfolio quality.
Ensure strict adherence to internal policies, Standard Operating Procedures (SOPs), and regulatory guidelines, with continuous monitoring and reporting of deviations.
Design and oversee risk MIS, dashboards, and early warning systems to provide timely, accurate, and actionable risk insights to senior management and the Board.
Represent the Risk function before the Board, Risk Management Committee, regulators, auditors, and other external stakeholders.
Ensure compliance with regulatory requirements, including RBI / NHB inspections, supervisory observations, and audit findings.
Foster a strong risk culture across the organization built on integrity, transparency, accountability, and ethical conduct.
Build, mentor, and lead a high-performing team of risk professionals responsible for operational risk management.
Periodically review and enhance risk policies, frameworks, and governance structures to align with evolving regulations and business complexity.

Qualification & Experience

Chartered Accountant (CA) or equivalent professional qualification.
20 years of senior risk management experience, preferably within NBFC / HFC / Financial Services institutions.
Demonstrated experience in dealing with RBI / NHB regulations, inspections, and governance requirements.
Language proficiency – Proficiency in English is mandatory. Knowledge of Tamil & other languages will be preferred.

Required Competencies

Ability to manage risk and uncertainty for self and team within a dynamic priority-setting environment.
Ability to prioritize and take decisions in a fast-paced environment.
Ability to manage multiple tasks/projects and deadlines simultaneously.

Others

Job Location	Chennai (Head Office)
Note: For any queries, please contact the HR department.