Risk-GIFT Branch -WBG HO / IPO / CIP-GIFT City

Risk Manager - GIFT City Branch

Kotak Mahindra Bank Gift City Branch is the Bank's first offshore balance sheet located at International Financial Services Center Banking Unit [IBU], in Gujarat International Finance Tec - (GIFT) City. The branch transacts with offshore clients of the Bank - entities across the globe for their funding (Non INR) requirements extending ECBs to Indian corporates, Trade and other transaction banking products. The branch is now empowered to transact with professional individual customers - both Resident & Non-Resident. We expect this new business to power balance sheet growth for GIFT Branch. We are planning to grow this opportunity into a large sustainable franchise for the Bank.

To put our plans to action and manage this growth, we are looking for bright & motivated individuals, who are capable of managing the growth pangs and hungry to prove themselves. Since we are working with lean teams, incumbents will be required to manage end to end. As the business grows, so will the size of the team - both horizontally and vertically.

JOB DESCRIPTION:

• Responsible to develop Risk Appetite and report performance to the Senior Management
• Responsible to manage Credit Risks in conjunction with HO & Business in a timely manner
• Responsible for development, continuous improvement and implementation of Operational Risk Management framework, processes and tools
• Responsible for Market risk & ALM functions
  • Monitoring of Adherence against Market risk limits
  • Review Daily P&L computation, Review Value at Risk
  • ALM risk management primarily liquidity risk and interest rate risk in banking book
• Proactive identification and assessment of risk factors and working with stakeholders for their mitigation and control in timely manner
• Review new products procedures and advise controls to minimise risk exposure
• Develop and implement integrated Stress Testing framework and report outcomes to Senior Management and Board
• Timely and accurate submission of all Regulatory / Senior management reporting / submissions.
• Provide Top Management / ALCO / Credit committee / OREC with timely and relevant insights / MIS / notes on respective Risk Profile and implementation of mitigation strategies for High / Medium Risks
• Ensure compliance with all regulatory, Basel and internal guidelines and ensure no adverse audit observations
• Ensure well controlled rating in both internal and external audit
• Recommend new policies if any to manage any new risks identified
• Keep upto date with global developments from relevant regulatory authorities
• Spreading of risk Culture and awareness across the network.
  • Smart and positive personality, with self-start, Can-do attitude.

JOB REQUIREMENT:

• High moral & ethical standards.
• Excellent oral & written communication skills.
• Ability to interact with various stake holders - internal & external, on regulatory matters.
• Understanding of / Ability to understand Banking business, Guidelines and Regulations.
• Experience in similar role will be a big advantage.