Hiring Manager :: Aby Eapen
Team :: Risk
About Navi
Navi is one of the fastest-growing financial services companies in India providing Personal & Home Loans, UPI, Insurance, Mutual Funds, and Gold. Navi's mission is to deliver digital-first financial products that are simple, accessible, and affordable. Drawing on our in-house AI/ML capabilities, technology, and product expertise, Navi is dedicated to building delightful customer experiences.
Founders: Sachin Bansal & Ankit Agarwal
Know what makes you a “Navi_ite” :
1.Perseverance, Passion and Commitment
• Passionate about Navi’s mission and vision
• Demonstrates dedication, perseverance and high ownership
• Goes above and beyond by taking on additional responsibilities
2.Obsession with high quality results
• Consistently creates value for the customers and stakeholders through high quality outcomes
• Ensuring excellence in all aspects of work
• Efficiently manages time, prioritizes tasks, and achieves higher standards
3.Resilience and Adaptability
• Adapts quickly to new roles, responsibilities, and changing circumstances, showing resilience and agility
About the role:
We are looking for a General Manager (ERM) to be part of the Group Risk function, to lead initiatives across the enterprise risk & capital management mandate spread across lending, insurance, asset management and payments businesses. This role will work closely with the Group Risk Head to drive risk charter related initiatives and projects across the Group entities.
This position is based out of Bangalore, India
Key responsibilities:
1. Work on ERM mandates related to all material risks faced by the Group across businesses, with a specific focus on these risk areas:
- Liquidity Risk: analysis of and reporting on funding, cash flow projections (including operational and behavioral views), liquidity measures, liquidity stress testing per relevant regulations
- Operational Risk: assess adequacy and effectiveness of controls for operational processes across the Group, driving necessary risk assessments across functions
- Market & Interest Rate Risks: analyze and report on aspects of market risk and interest rate risk, considering macroeconomic issues
- Regulatory Risk: ensuring alignment with changing regulatory requirements across the risk management charter
- Other non-financial risks: covering emerging risks such as climate risk, as well as qualitative risks such as strategic and reputational risks
2. Initiatives linked to risk and capital management could include:
- Capital budgeting & forecasting
- Risk based capital planning & pricing
- Economic capital computation
- Regulatory risk management
3. Drive relevant analyses on key risk areas and communicate & present results with relevant stakeholders (including senior management, Board & Management Committees)
4. Develop and maintain monitoring reports for Boards, regulators and internal use on a regular basis - ensuring tracking against the Company’s risk appetite
5. Independently review and challenge the Group’s liquidity metrics methodologies, including assumptions and key drivers.
6. Ensure preparation of outputs of risk assessment initiatives across these areas such that engagement with Senior Management, Board Committees and external stakeholders can be facilitated
7. Support quantitative risk measurement and management initiatives across lending, insurance, asset management and payments businesses
8. If and when required, liaise with internal and external auditors and regulators to ensure compliance to applicable standards. These responsibilities will span the entities across the Group, working closely with key stakeholders from each of the entities
9. Be responsible and accountable for all ERM matters for the Group, building necessary capacity and capability within the team
10. LInked to the point above, drive the ERM strategy for the Group - not only using a reactive approach to regulatory requirements, but also by identifying areas of focus given changes in business plans, scale and external factors (macroeconomic / industry dynamics)
Required Skills:
1. Bachelor’s / Master’s degree, preferably with specialization in Economics / Statistics / Finance
2. Experience in delivering to most, if not all, target areas of focus identified above; ideally in roles of responsibility leading these initiatives at financial institutions or consulting firms
3. 8-10 years of experience working in roles with responsibilities as identified above
4. Ability to balance risk, potential impact, resourcing, business drivers, and timelines
5. Excellent verbal & written communication skills at a senior stakeholder level
6. Strong understanding of / ability to interpret regulatory requirements for financial services