Hiring Manager : Pranav Magadi

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 & 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, prioritises tasks and achieves higher standards

3. Resilience and Adaptability

Adapts quickly to new roles, responsibilities and changing circumstances showing resilience and agility.

Key Responsibilities :

● Work on the Risk function mandates related to enterprise risk management (ERM) across the mutual fund, insurance, and payments businesses, aligning to the roadmap of planned objectives across these areas

● As part of ERM responsibilities, cover all material risks that the aforementioned businesses face, including:

○ Investment risk: Estimate the impact of fund management decisions for the mutual fund business

○ Market risk: Assess risks associated with investments made by the treasury function, monitoring and setting limits to track emerging risks

○ Operational Risk: Identify residual risks against each process across businesses, checking for existing controls and recommending upgrades in the control framework

○ Regulatory Risk: Address any emerging regulatory requirements related to risk management, coming from SEBI / IRDA / NPCI

● Build, update & maintain stress testing models to check impact of adverse movements in any of these risk types

● Develop and maintain monitoring reports for Boards, Regulators and internal use on a regular basis - ensuring tracking against the Company’s risk appetite

● If and when required, liaise with internal and external auditors and regulators to ensure compliance to applicable standards.

Required Skills :

● 0 - 2 years relevant experience, preferably working in consulting, audit, risk management for Financial Institutions

● Strong understanding of financial statements

● Ability to balance risk, potential impact, resourcing, business drivers, and timelines

● Excellent verbal & written communication skills, as well as presentation skills.

Associate Manager - ERM (C2)

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