Chief Risk Officer (CRO)

Role & responsibilities

• Establishing an organisation wide risk conscious culture. Formulate and implement structured reporting process for risk monitoring
• Responsible for overall risk management related activities of the AMC and Mutual Fund Schemes
• Responsible for implementation and governance of RMF across the AMC and the Mutual Fund Schemes

• Ensure all risk-related policies are defined, reviewed, and updated periodically and placed at the relevant risk management committee for approval.
• Perform periodic review and update the ERMF defined by the AMC and place the same to the RMCs for the approval.
• Formulate and recommend changes to roles and responsibilities including KRAs relating to risk management activities and place these at the RMCs for approval.
• Periodically review the DoP covering daily risk management, risk reporting and corrective actions at the level of Fund manager, CIO and CEO
• Review and suggest changes to the risk appetite and risk metrics for the AMC and scheme as defined by the CEO
• Ensure formulation and implementation of adequate mechanism for risk parameters at credit and fraud risk strategies and reporting framework on the same
• Review and report the ERMC and Board Risk Committee of AMC and Trustee
• Independently assess reporting of risks to various committees and the management
• Report outcomes of the risk management function to the CEO at least once a month.
• Define process to assess the control against identified risk(RCSA, Stress Testing)
• Identify, assess and estimate emerging risks and their possible impact on the AMC and mutual fund schemes
• Report existing and emerging risks associated with the MF and the AMC activities in a structured manner to the Risk Management Committee of Board of AMC and Trustee