Chief Risk Officer

Job Description

*Chief Risk Officer _ Regulatory (CRO_R)(Level 5)Reporting line : Risk Management CommitteeAdministrative topics CFO & Whole Time DirectorThe CRO_R will be responsible for the overall governance and risk environment of DFS India and integration of all risk management considerations in key decision-points to achieve the company s growth and profitability plans. The person shall work closely with the Board of directors incl the Audit and Risk Committee, senior managers across the business and other stakeholders to create a sustainable risk free, well-controlled organization that can achieve growth targets safely. The CRO_R would be the key contact for the Reserve Bank of India for all risk management topics related to the company. In order to fulfil the tasks appropriately the CRO_R would be supported by specialists from the various teams within DFS India as well as Daimler AG.The specific tasks will be:

1. Risk Management Framework

1. Continuously developing, enhancing and embedding the risk framework & policies for managing risks across the company and ensuring that processes are aligned to the framework. b. Ensuring the Risk Frameworks of the organization operates effectively, also ensuring that these frameworks are maintained and updated as approved by the Company Board. c. Identify and report key risk metrics to MD / Board, including early warning indicators

1. Risk Identification , Evaluation & Mitigation

1. Collaborate with the business to ensure that risks are identified, quantified, and appropriate action taken in a timely manner b. Actively advising the entity on Risk Prevention through review of the policies, processes and products c. increasing the awareness on risks through regular employee training and feedback sessions d. Advise CFO, Head of Controlling and Chief Credit Officer to manage portfolio risk and execute strategies to achieve targeted risk performance e. Monitor & analyse risk trends within business environment; monitor the resolution status and effectiveness of risk mitigating actions

1. Risk Reporting

1. Champion & facilitate implementation of risk management system (MIS) across business units in conjunction with internal audit, fraud, compliance officer & business unit management b. Creating transparency on all risks to the Board of Directors through regular and transparent risk reporting c. Review of month end risk related accounting entries / provisions / write-offs to ensure the reporting of correct numbers in all internal & external reports.

1. Portfolio Risk Management

1. Lead Monthly Portfolio Management Reporting for DFS - India and provide visibility on the drivers of risk, evaluating proposed commercial initiatives from risk perspective and regularly analysing existing initiatives. b. Analyze the Risk trends within the portfolio and identify areas that require action. c. Perform regular analysis to identify Risk drivers behind the relevant portfolio and communicate it to stakeholders d. Responsible for planning, tracking and reporting of all portfolio risk parameters of the company incl. the ones used for calculating risk provisions under IFRS9. e. Lead the calculation of the ECL provisioning under IGAAP and RBI regulations with a view to ensure the right parameters and management assumptions are used to reflect the most appropriate risk costs in the financial statements. f. Preparation of forecasting models for portfolio risk profile and performance of all risk related parameters g. Oversee/support the development and effective use of models, scorecards, and other automated risk management tools

1. Others

1. Lead various risk assessment initiated within the organisation b. Actively participate in the various committees within the organisation and contribute from a risk management perspective c. Partnering effectively with third parties, regulatory bodies and others, as appropriate for risk management and fraud prevention related activities. d. Work with local IT team to improve risk-reporting structure to make it efficient and eliminate manual data collection processes and ensuring IT risks are properly identified and mitigated in a timely manner.

, *Qualification1. Education & Specific Knowledgea) Bachelor degree in computer science/statistics/mathematics/MIS/commerce and preferably a Masters degree in Business Administration/Economics or a related field b) Professional accounting /audit qualifications such as CA/CMA/CFA will be a plus c) Professional Risk Management qualifications/certifications will be a plus d) Minimum 10-15 year s experience in Banking and Financial services industry mandatory , off which significant portion should be within the areas of portfolio risk management, credit analysis or overall enterprise risk management e) Experience in managing compliance, internal audit etc would be a plus2. Technical knowledgea) Good understanding of credit risk, market risk and / or liquidity management and / or operational risk, with exposure to analytics. b) Well versed with ECL model under IFRS 9 / Ind AS 109. Practical experience will be a plus. c) Accounting knowledge is a must d) Advanced Excel and data analysis skills will be a plus e) Visual designing (ability to create compelling stories from data) skills will be a plus3. Soft skills/individual competencea) Integrity, Passion, Discipline, Respect b) Professional & Interpersonal skills: Analytical skills, good communication skills with preference to crisp and clear presentation skills c) Process knowledge: d) Language skills: English

Keyskills :
riskbankingreportingbasismisboard of directorscredit riskmarket riskrisk metricsdata analysisearly warninginternal auditadvanced excelportfolio riskbusiness unitsrisk managementcredit analysis