Job Description

Bombay Mercantile Co-Operative Bank Ltd., a leading Multi-State Scheduled Bank, with 52 branches across 10 states, requires dynamic and experience personnel.

Age:

45-50 Years

Location:

Mumbai

Qualification and Experience:

Postgraduate in Finance, Risk Management, Economics, or related field. Minimum 10-15 years of experience in banking/financial institutions with at least 5 years in a senior risk management role Certification in Risk Management (e.g., FRM, CRM) is desirable.

Key Responsibilities:

Risk Governance & Policy Framework

: Develop and maintain a comprehensive Risk Management Policy and Risk Appetite Framework for the Bank. Establish internal controls, policies, and procedures for effective risk management across all departments.

Credit Risk Management:

Monitor credit portfolio performance, exposure limits, and concentration risks. Ensure credit risk is appropriately assessed in credit proposals, recovery, and restructuring processes.

Operational Risk Management:

Identify and assess operational risks across branches and departments. Implement Key Risk Indicators (KRIs), risk registers, and incident reporting systems.

Market & Liquidity Risk Management:

Monitor risks related to interest rate movements, investment portfolio volatility, and asset-liability mismatches. Ensure compliance with liquidity coverage ratio (LCR) and statutory liquidity ratio (SLR) norms.

Compliance and Regulatory Oversight:

Ensure adherence to RBI guidelines, Cooperative Societies Act, and other applicable laws. Liaise with regulators and auditors on all matters related to risk and compliance.

Risk Reporting:

Prepare and present periodic risk reports to the Board, Risk Management Committee, and Audit Committee. Escalate material risk exposures or breaches promptly to the Board/Management.

Enterprise Risk Management (ERM):

Integrate risk management into strategic planning, product development, and change initiatives. Promote a strong risk culture across all levels of the organization.

Technology and Cyber Risk:

Oversee risk associated with IT infrastructure, cybersecurity, data privacy, and system resilience. Coordinate with the IT department to ensure appropriate safeguards and controls are in place.

Capacity Building:

Conduct regular risk awareness training for staff and senior management. Foster a culture of risk ownership and proactive risk identification.
Job Type: Full-time

Schedule:

Day shift
Ability to commute/relocate:

Masjid, Mumbai, Maharashtra: Reliably commute or planning to relocate before starting work (Preferred)
Education:

Bachelor's (Preferred)
Experience:

Risk Management: 10 years (Preferred)
Work Location: In person