Website:
chroconsulting.com
Job details:
Job Title: Group Chief Risk Officer
Location: Andheri East, Mumbai
Reporting To: Group CEO, with functional reporting to the Board Risk Management Committee
Experience: 15+ years
Industry Preference: Agri Commodities / Commodity Trading / NBFC / Trade Finance / Warehousing & Collateral Management / Banking
About the Role
We are looking for a seasoned Chief Risk Officer (CRO) to lead the Group-wide Enterprise Risk Management function across a diversified, multi-entity and multi-geography business.
The role will have end-to-end responsibility for identifying, assessing, monitoring and mitigating risks across credit & counterparty risk, commodity price risk, collateral & warehousing risk, trade finance, liquidity & treasury, regulatory & compliance, operational, technology/cyber and cross-border risks.
Key Responsibilities
- Design and implement a comprehensive Group-wide Enterprise Risk Management (ERM) framework, including risk appetite, risk taxonomy, limits, policies and governance structures.
- Establish consolidated risk registers, KRIs, risk dashboards and escalation mechanisms across entities.
- Oversee collateral, warehousing and custodial risks, including stock reconciliation, warehouse audits, quality/quantity risk, insurance and warehouse receipt controls.
- Develop frameworks for commodity price and market risk, including exposure limits, MTM monitoring, concentration risk and hedging.
- Lead credit, counterparty and trade finance risk, including due diligence, credit limits, exposure monitoring and settlement-risk controls.
- Partner with the NBFC business on credit underwriting, portfolio quality, NPA/stressed assets, provisioning and recovery risks.
- Monitor liquidity, ALM, interest-rate, refinancing, leverage and covenant risks across the Group.
- Oversee FX and cross-border risks arising from international commodity trade and overseas operations.
- Ensure appropriate oversight of regulatory and compliance risks, including RBI, WDRA and applicable commodity exchange regulations.
- Establish a strong operational, fraud and technology/cyber risk framework, including incident management and business continuity.
- Assess climate, ESG and reputational risks and their potential impact on the Group.
- Provide independent risk assessment and challenge on major credit exposures, trade finance transactions, new businesses, products and geographies.
- Prepare and present periodic risk reports, portfolio reviews and KRI dashboards to the CEO, CFO, Risk Management Committee and Board.
- Build and lead the Group Risk function and develop risk capabilities across key business entities.
Candidate Profile
- CA / MBA (Finance) / CFA or equivalent postgraduate qualification.
- FRM / PRM certification would be an added advantage.
- Over 15 years of progressive experience in risk management, credit risk, commodity trade finance or treasury.
- At least 5–7 years in a CRO / Head of Risk / senior risk leadership role.
- Strong exposure to one or more of the following is preferred: Agri-commodity businesses, Commodity trading, Warehousing / collateral management, NBFC lending, Trade finance, Banking / financial institutions or Commodity exchanges.
- Proven experience in building or scaling an enterprise risk function across multiple entities/geographies.
- Exposure to NBFC/RBI regulatory risk and cross-border trade risk is preferred.
- Experience interacting with Boards, Risk Committees, rating agencies, banks and financial institutions.
Core Competencies
- Strong understanding of credit, commodity price and collateral/custodial risk
- Enterprise Risk Management and risk governance
- Strong analytical and quantitative capabilities
- Risk modelling, exposure limits and portfolio analytics
- Strong stakeholder management and Board-level communication
- Ability to independently challenge business decisions while maintaining commercial pragmatism
- High integrity and sound risk judgment
- Ability to operate effectively across a complex, multi-entity environment
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