About the role

Risk Lead

Location: Mumbai

Experience: 5–7 Years

Role Overview

We are looking for a Risk Lead to support the organization's risk management framework by identifying, assessing, monitoring, and mitigating business and financial risks. The role requires strong analytical skills, risk assessment capabilities, and experience in enterprise and financial risk management within the BFSI sector.

Key Responsibilities

Monitor and report risk incidents, exceptions, and operational issues.
Conduct root cause analysis and recommend corrective actions.
Identify unreported risk areas and develop mechanisms for effective monitoring.
Perform portfolio, channel, product, and distributor-level risk analysis.
Assess risk exposure and communicate findings to relevant stakeholders.
Review risk registers, risk triggers, and mitigation plans.
Execute control testing and evaluate the effectiveness of existing controls.
Analyze financial data and trends to identify emerging risks.
Conduct stress testing and scenario analysis.
Support solvency and capital monitoring activities.
Assess credit risk associated with vendors and business partners.
Recommend process improvements and stronger control mechanisms based on risk assessments.
Collaborate with cross-functional teams to strengthen risk governance and compliance.
Prepare risk reports, dashboards, and management presentations.

Desired Candidate Profile

5–7 years of experience in Risk Management, Enterprise Risk, Financial Risk, Operational Risk, or related functions.
Experience within Banking, Financial Services, Insurance, NBFC, or broader BFSI organizations.
Strong understanding of risk assessment methodologies, controls, and governance frameworks.
Exposure to stress testing, capital monitoring, credit risk, and risk analytics.
Experience in incident management, control testing, and risk reporting.
Excellent analytical, problem-solving, and stakeholder management skills.

Qualification

Graduate/Postgraduate in Finance, Risk Management, Economics, Statistics, Business Administration, or related disciplines.
FRM (Financial Risk Manager) certification preferred.
Additional certifications in Risk Management, Finance, or Compliance will be an advantage.