Risk Manager

Kotak Mahindra Bank is seeking an experienced and motivated Risk Manager to join our team and help us ensure our organization’s risk management practices comply with the highest regulatory standards. The ideal candidate should have an in-depth knowledge of risk management principles, as well as a demonstrated ability to develop and implement effective risk management strategies.The successful candidate should possess excellent communication, problem-solving, and decision-making skills. They must also be highly organized and able to handle multiple tasks in a fast-paced environment. We are looking for an individual who has a strong record of success in developing and managing risk management systems and processes.The ideal Risk Manager should have a minimum of 5 years of experience in risk management, ideally in the banking industry. A bachelor’s degree in finance, accounting, or a related field is also preferred. They should also have a thorough understanding of banking regulations and risk management standards.

Responsibilities:

1. Develop and implement effective risk management strategies to ensure compliance with regulatory standards.
2. Monitor and assess risk exposures, identify potential risks, and advise management on appropriate corrective action.
3. Develop and maintain risk management policies and procedures.
4. Conduct periodic risk assessments to ensure compliance with applicable regulations.
5. Analyze financial statements and other relevant documents to identify and assess potential risks.
6. Develop and document risk management models and processes.
7. Monitor and report on risk exposure and trends.
8. Provide guidance and support to all departments in the organization in relation to risk management.
9. Train and educate staff on risk management principles and best practices.
10. Act as a liaison with regulatory bodies regarding risk management issues.

According to JobzMall, the average salary range for a Risk Manager in Mumbai, Maharashtra, India is Rs. 5.2 Lakhs to Rs. 17.5 Lakhs per year. This range can vary depending on a variety of factors, including experience, qualifications, and the type of company.

Kotak Mahindra Bank Ltd. provides commercial banking services. It operates through the following segments: Treasury, Investments & Balance Sheet Management Unit, Retail Banking, Wholesale Banking, Vehicle Financing, Broking, Advisory & Transactional Services, Asset Management, and Insurance.