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Executive Director

Mumbai Permanent View Job Description
The client is seeking a seasoned and forward-looking Head market Risk Management to lead the Market & Liquidity Risk in India. As the Head of Market & Liquidity Risk in India (Mumbai), this role has overall responsibility for managing the market risk and liquidity risk framework and day-to-day oversight across both the Trading Book and the Banking Book, including governance, regulatory reporting, audit responses, and committee support (e.g., ALCO). This role requires a strong leader with deep expertise in Market and Liquidity Risk within the banking and financial services sector.
  • Global Bank
  • Leadership Role

About Our Client

Global Bank

Job Description

1. Identify and suggest process improvements.Overall Market Risk oversight: Run monitoring and escalation for key metrics including VaR, sensitivities, stress testing, back-testing and P&L explain.

2. Overall Liquidity Risk oversight: Monitor liquidity indicators, funding outlook and concentration/funding risks; design/maintain stress scenarios and provide management recommendations.

3. Limit framework & controls: Design/review limit structures, manage exceptions, and oversee remediation and recurrence pr evention for limit br eaches.

4. Risk review for new products/transactions/models: Lead risk assessment and approval s upport ( issue identification, validation/test design, additional testing requests, limitations disclosure and documentation). The scope includes readiness building f or f uture coverage such as securitization products

5. ALM/IRRBB-related governance support: Support and enhance the local framework, processes and reporting in alignment with local business scope and HO/APAC policies.

6. Committee support (e.g., ALCO): Prepare materials, structure discussions, support decision-making and track follow-ups/actions.

7. Regulatory (e.g., RBI) response & HO reporting: Ensure timeliness, consistency and explainability; act as a central coordinator for regulatory queries and inter nal report ing.

8. Audit responses: Serve as the primary contact for internal/external audits and HO reviews; own remediation planning, execution tracking and closure of findings.

9. Organization rebuild / market-standardization: Conduct gap assessment and define target operating model and roadmap; establish RACI, SOPs and templates; reduce key-person dependency and improve operational repeatability.

10. Talent development (Quant/IT & data uplift): Design and deliver training plans (formal training + OJT + review routines) to embed analytical and improvement capabilities as team strengths; drive data quality and reporting automation initiatives in part nership with IT and relevant functions

The Successful Applicant

Must

1. Solid experience in Market Risk and/or Liquidity Risk (typically 15+ years), including leadership/management responsibilities

2. Practical capability to run, control and explain VaR/sensitivities/str ess/backtesting frameworks (not only theor etical knowledge)

3. Proven experience in regulatory and audit engagement (reporting, query handling, remediation)

4. Strong stakeholder management and ability to drive alignment across Treasury/Front Office/Finance/IT and other functions

5. Business-level English (documentation, governance meetings, HO communications)

Preferred

1. Knowledge of the Indian market and RBI expectations; experience working in India

2. Exposure to ALM/IRRBB, model risk management, and data/reporting platform enhancements

3. Hands- on analytical experience with Python/R/SQL ( implementation depth is less critical than problem framing and review capability)

Competencies

1. Strong execution capability to diagnose, redesign and embed a target operating model

2. People development mindset to uplift quantitative/IT skills through training and standardization

3. Clear communication and balanced judgement to maintain independent oversight while enabling the business

What's on Offer

  • Permanent position in the financial services industry.
  • Opportunities to develop skills in banking and financial consultancy.
  • A professional working environment.



If you're interested, feel free to apply for the role.

Quote job ref
JN-082026-7079021

Job summary

Function
Banking & Financial Services
Sub Sector
Risk Management
What is your area of specialisation?
Financial Services
Location
Mumbai
Job Type
Permanent
Job Reference
JN-082026-7079021

Diversity & Inclusion at Michael Page

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