344 Financial Risk Manager jobs in Mumbai

Mizuho Global Services Pvt Ltd (MGS) is a subsidiary company of Mizuho Bank, Ltd, which is one of the largest banks or so called 'Mega Banks' of Japan. MGS was established in the year 2020 as part of Mizuho's long-term strategy of creating a captive global processing centre for remotely handling banking and IT related operations of Mizuho Bank's domestic and overseas offices and Mizuho's group companies across the globe.

At Mizuho we are committed to a culture that is driven by ethical values and supports diversity in all its forms for its talent pool. Direction of MGS's development is paved by its three key pillars, which are Mutual Respect, Discipline and Transparency, which are set as the baseline of every process and operation carried out at MGS.

What's in it for you?

o Immense exposure and learning

o Excellent career growth

o Company of highly passionate leaders and mentors

o Ability to build things from scratch

Know more about MGS:

Job Category:
Risk Management

Shift :
Morning Shift

Job Title:
Model Risk Management

Job Description

• Quantitative & qualitative analysis in model validations for pricing & risk measurement models
• Communication & collaboration with internal & external stakeholders
• Model validation documentation and reporting to stakeholders & approvers
• Model risk management collaboration with other MHSCG Entities, FG/BK/TB, and external parties
• Support for new product reviews
• Contribution to regulatory and audit responses
• Automation of routine model risk management tasks
• Other model risk management tasks in general

Background, Ability, and Knowledge & Skills

• 2-3 years of experience in the use or development of models in the financial industry
• A graduate from a top-tier university, domestically or internationally, in fields such as physics or engineering, or an equivalent or higher level of education
• Knowledge of financial products and financial markets
• Basic knowledge of risk management in the financial industry
• Knowledge and skills related to artificial intelligence technologies, with the ability to implement them
• Willingness and ability to learn new knowledge and skills and apply them to work
• (Preferred Qualifications)
• Experience in financial markets as a trader, structurer, or quantitative analyst
• Experience of working or living in a global environment
• Research experience in a masters or doctoral program in a scientific field

Computer Skills

• Proficient in using Excel and VBA p Able to create documents in English using LaTeX, Word, etc.
• Capable of creating presentation materials using PowerPoint
• Proficient in programming languages such as Python, SQL, C++, etc.
• Skilled in utilizing generative AI as a user

Communication Skills

• Able to read, write, speak, and listen in English at a business to native level
• Capable of delivering presentations in English
• Able to communicate logically and express ones thoughts without being overly concerned about the surrounding atmosphere

Address:
- Mizuho Global Services India Pvt. Ltd,

11th Floor, Q2 Building Aurum Q Park, Gen 4/1,

Ttc, Thane Belapur Road, MIDC Industrial Area,

Ghansoli, Navi Mumbai

ROLE SUMMARY

The role holder is responsible to measure, monitor & analyze Market Risk for Trading Book of the bank and sensitize Financial Market Team /ALCO/RMC on possible excesses of the limits through computation/analysis of various risk parameters e.g. VaR, NOOP, AGL, Stress testing etc.

SECTION III: KEY RESPONSIBILITIES/ ACCOUNTABILITIES

Strategic/ Managerial Responsibilities

Core Responsibilities

• Good understanding of Financial market products and their valuation e.g. Derivatives, Bonds etc. Working knowledge of Valuation software like Murex
• Strengthen existing risk framework with guidance of ALCO or Top Management for continuous improvement.
• Proactive Risk Management and reporting of Trading Book Risk reports to RBI or Board/RMC/ALCO
• Improvement in MIS framework and Implementation of updated guidelines on timely basis
• Address the queries with satisfactory resolution of queries or comments from various Audits and RBI
• Understanding of Trading Book Risk Framework e.g. VaR, NOOP, AGL, Stress testing etc.
• Interaction and Query resolutions with multiple teams like Relationship managers, Financial Market, Middle Office, Back office etc.

People Management or Self-Management Responsibilities

• Optimization of available resources with aim to enhance productivity
• Planning with aim to build future team leaders with continuous knowledge development
• Back up availability for all activities covered under Trading Book Risk.
• Mentor team members on Trading Book Risk Management for active monitoring

Risk and Internal Control Responsibilities

• Same as Core responsibility

KEY INTERACTIONS

Key Internal Interactions

Purpose of Interaction

ALCO, RMC and Top Management

• Submission of ALCO MIS and Coordination for ALCO/RMC meetings

Financial Market Dealers

• For active management of Trading Book Risk and Compliance

FMMO / FMO

• For computation of various risk / exposure Reports

Compliance

• RBS Submissions
• Clarifications for guidelines
• RBS Audit

IAD

• Internal audit of Market Risk

Key External Interactions

Purpose of Interaction

RBI

• Clarifications for guidelines
• Submission of feedback to draft guidelines
• RBS Audit query resolutions

KNOWLEDGE & EXPERIENCE

KNOWLEDGE

Minimum Qualifications

• CA / MBA

Professional Certifications

• FRM

Language Skills

• English

EXPERIENCE

Years of Experience

• 4-8

Nature of

Experience

• Trading Book Market Risk

Mizuho Global Services Pvt Ltd (MGS) is a subsidiary company of Mizuho Bank, Ltd, which is one of the largest banks or so called Mega Banks of Japan. MGS was established in the year 2020 as part of Mizuhos long-term strategy of creating a captive global processing centre for remotely handling banking and IT related operations of Mizuho Banks domestic and overseas offices and Mizuhos group companies across the globe.

At Mizuho we are committed to a culture that is driven by ethical values and supports diversity in all its forms for its talent pool. Direction of MGSs development is paved by its three key pillars, which are Mutual Respect, Discipline and Transparency, which are set as the baseline of every process and operation carried out at MGS.

Know more about MGS:

Whats in it for you?

• Immense exposure and learning
• Excellent career growth
• Company of highly passionate leaders and mentors
• Ability to build things from scratch

Job Category: Risk Management

Shift : Morning Shift

Job Title: Model Risk Management

Job Description

Quantitative & qualitative analysis in model validations for pricing & risk measurement models

Quantitative & qualitative analysis in model validation for other types of models

Communication & collaboration with internal & external stakeholders

Model validation documentation and reporting to stakeholders & approvers

Model risk management collaboration with other MHSCG Entities, FG/BK/TB, and external parties

Contribution to scope expansion of model risk management

Support for new product reviews

Contribution to regulatory and audit responses

Automation of routine model risk management tasks

Other model risk management tasks in general

Background, Ability, and Knowledge & Skills

2-3 years of experience in the use or development of models in the financial industry

A graduate from a top-tier university, domestically or internationally, in fields such as physics or engineering, or an equivalent or higher level of education

Knowledge of financial products and financial markets

Basic knowledge of risk management in the financial industry

Knowledge and skills related to artificial intelligence technologies, with the ability to implement them

Willingness and ability to learn new knowledge and skills and apply them to work (Preferred Qualifications)

Experience in financial markets as a trader, structurer, or quantitative analyst

Experience of working or living in a global environment

Research experience in a masters or doctoral program in a scientific field

Computer Skills

Proficient in using Excel and VBA Able to create documents in English using LaTeX, Word, etc.

Capable of creating presentation materials using PowerPoint

Proficient in programming languages such as Python, SQL, C++, etc.

Skilled in utilizing generative AI as a user (Preferred Qualifications)

Experience as a white-hat hacker or knowledge of cybersecurity

Knowledge of financial crimes or operational risks

Communication Skills

Able to read, write, speak, and listen in English at a business to native level

Capable of delivering presentations in English

Able to communicate logically and express ones thoughts without being overly concerned about the surrounding atmosphere

Address: -

Mizuho Global Services India Pvt. Ltd.

Level 11, Building-Q2, Aurum Q Parc,

Thane-Belapur Road, Ghansoli,

Navi Mumbai , India.

Responsible for Market Risk Management functions

Responsible for monitoring and analyzing various limits like NOOP, AGL, Value at Risk and Modified duration, PV01 and other sensitivities like Greeks for Trading Portfolio,

Responsible for valuation & review of Treasury portfolios – Forex, Fixed Income, Derivatives, Equity and others products

Review and enhancement of VaR, Stress VaR, Stress testing frameworks.

Performing scenario and simulation analysis for treasury trading portfolio on plausible economic events and scenarios.

Defining stress scenarios and stress testing methodologies

Validation of market data / derived market data and positions for valuation and risk analysis

P&L contribution analysis based on first and second order sensitivities and underlying market movements

Understanding of the Balance sheet, Treasury Products like, options, swaps etc including its valuation.

Shall be exposed to Market Risk System implementation/enhancement.

Skill Set

Educational / Professional Qualification

MBA (Fin.)/CA /Graduate/Post Graduate with Mathematics or Statistics as one of the major subject;

Risk Management qualification like FRM / PRM or CFA will have an added advantage

Technical Knowledge

Familiarity with Calypso and SAS will have additional advantage

Strong analytical and problem solving skills.

Proficient with MS Excel and Excel Macro

Role & responsibilities

• Preparation of ALCO note & RMC note, presenting it to seniors
• Review of working of LCR and NSFR on a regular basis
• Calculation of Structured liquidity statement and interest rate sensitivity as per regulatory requirement
• Review and monitoring of counter party limit
• Review and monitoring of mid-office report
• Preparation of all required data for Risk Based supervision
• Review of MCLR and other related reports
• Review and monitoring of liquidity matrix,
• Calculation of VaR and MTM
• Calculation of ICAAP and stress testing
• Coordinate with Treasury and finance for various work

Preferred candidate profile

• Good understanding of various market risk related jargons like LCR, NSRF, SLS, IRS and FTP.
• Good understanding of various regulatory reports of market liquidity risks
• Good understanding of macro-economic scenario, interest rate curve, market liquidity and its impact
• Good command of Excel and PowerPoint
• Advanced analytical skills as well as a thorough understanding of banking laws, regulation, and policies and the ability to apply and explain complex regulatory, financial, and analytical concepts

Interested candidate may share their resume on

Position Purpose

The mission of RISK Markets & Financial Institutions (RISK MFI) is to provide Senior Management of the Group, of the RISK Function and of Global Markets (GM) with full transparency and dynamic analysis with respect to the market, counterparty, valuation and liquidity risks originated and managed by CIB GM, in order to assist them in their risk decision making. The mission of RISK MFI Platform is to provide high quality input to RISK MFI analysts and Management, support them in monitoring and anticipating risks related to Global Markets activities, provide them with tools to achieve their mission and lead or contribute to projects on behalf of RISK MFI . Within this stream, RISK MFI Platform Monitoring acts as a centre of expertise covering market, counterparty and liquidity risks metrics, contributing to the analysis and anticipation of Global Markets risks. The organization is articulated around two main pillars on market and counterparty risks, while offering team members the opportunity to work transversally across topics

This role will partner with other teams within RISK MFI to facilitate automation of existing manual processes, setting up of new report, monitoring improvements.

The successful candidate will join the team with key objectives of improving overall team contribution with automation andto provide a high quality of risk monitoring and reporting controls.

Responsibilities

Direct Responsibilities- Daily and weekly monitoring and reporting of market risk and counterparty risk limits and positions reports.
- Daily analysis of risks variation for each business activity in order to detect any risk Data quality issue

Take ownership of production tasks as delegated by RISK MFI APAC teams

Drive process improvement, task automation initiatives that enhance the efficiency of the production process.

Industrialize and streamline all delegated production tasks in an effort to increase our efficiency and achieve synergies across GBL and regions through automation and innovation.

Leverage on risk and technical expertise to increase the information value of the content with actionable insights for team as well as management

Follow strictly the Risk MFI procedures defined globally

- Maintain a close working relationship with regional Risk MFI teams.
- Maintain a good relationship through clear a precise communication with GM trading while producing daily limit reports
- Develop and maintain a good understanding of market, liquidity and counterparty risks.
- Develop closer interaction with RCA team and look for new way to work together to transform our production operating model.

Technical & Behavioral Competencies

Behavioral

- Curious and eager to learn
- Analytical and Problem solving capacity.
- Taking initiative and self-motivated
- Ability to adapt
- Act with integrity
- Ability to manage change and complexity with confidence
- Strong team player

Technical:

- Knowledge and understanding of basic coding in python
- Should be able to handle automation projects independently
- Proficiency in using Microsoft office tools / VB language for MS Applications,
- Some knowledge of banking, Capital markets, Derivatives products and market risks
- Good analytical skills

Skills Referential

Behavioural Skills(Please select up to 4 skills)

Communication skills - oral & written

Critical thinking

Ability to collaborate / Teamwork

Creativity & Innovation / Problem solving

Transversal

Skills:- (Please select up to 5 skills)Analytical AbilityAbility to manage a projectAbility to develop and adapt a processAbility to inspire others & generate people's commitmentChoose an item.Education Level:Master Degree or equivalentExperience LevelAt least 5 years

Inviting applications for the role of Business Analyst with Market Risk-Manager

In this role, role you will be responsible to provide a single point end to end accountability for the project oversight, reporting to project management team, establish working relationship with technology partners etc. We are seeking an experienced Agile Business Analyst (BA) Manager /Senior Manager to join our team for Market Risk. The ideal candidate will have a strong background in market risk VaR, FRTB, back testing and PnL attribution and market risk stress testing.

Responsibilities

• Conduct impact assessments and define business solutions to support regulatory enhancements and internal risk transformation programs.
• Support implementation of enhancements to risk models, reporting frameworks, and attribution methodologies.
• Participate in the design and execution of testing strategies including functional testing, back testing, and model validation.
• Perform detailed analysis of risk and PnL data to support attribution analysis and ensure data integrity across systems.
• Collaborate on the migration of legacy models and platforms to modernized risk infrastructure.
• Independently manage medium to large projects through the lifecycle and use BA tools proficiently
• (business requirement documents, functional specification documents, data matrix, Workflow Diagrams etc.)
• Run test management processes for medium to large scale projects (Test Strategy/Approach documentation, managing User Acceptance Testing, building test plans and test scenarios, building implementation plans.)
• Assist our stakeholder businesses with their tactical/strategic solution requirements, services and/or program.
• Must be able to work with Technology, Risk Management, Risk Middle Office, and Front Office to identify and maximize opportunities that help in delivery of projects and to improve product, service and program business processes.
• Must have the ability to work with a team and train people on various subjects, structure the project
• governance model and also work together with regional counterparts to devise induction framework for all the resources entering into the project.
• Prepare project reports (weekly project update, monthly status update, highlighting risks, resource
• utilization, analyses trend, recommends adjustments that address or capitalize on these changes.)

Qualifications we seek in you

Minimum Qualifications / Skills

• Relavant experience as a Business Analyst

Job requisition ID :: 81783

Date: Sep 18, 2025

Location: Mumbai

Designation: Manager

Entity: Deloitte Touche Tohmatsu India LLP

Strategy, Risk and Transaction

Regulatory & Financial Risk - Actuary

What impact will you make?

Every day, your work will make an impact that matters, while you thrive in a dynamic culture of inclusion, collaboration and high performance. As the undisputed leader in professional services, Deloitte is where you'll find unrivaled opportunities to succeed and realize your full potential

Deloitte is where you'll find unrivaled opportunities to succeed and realize your full potential.

The Team

Discover the various Financial Risk services, we offer to help organizations across the full life cycle of financial transaction. From governance and processes to technology and reporting, our services can enhance transparency, efficiency, compliance and financial integrity.

Work you'll do

Our focus is on Actuary

Skills

In our team We are seeking a highly skilled and experienced professional with expertise in compliance strategy, technology-driven compliance transformation, and maturity assessments. The ideal candidate will have a proven track record of successfully leading and delivering large-scale, complex projects focused on regulatory compliance, data analytics, risk management, and process optimization.

• Develop and implement compliance strategies to ensure regulatory adherence and operational excellence.
• Lead tech-enabled compliance transformation initiatives to enhance efficiency and effectiveness.
• Conduct compliance maturity assessments to identify gaps and drive continuous improvement.
• Utilize data analytics to monitor compliance performance and support informed decision-making.
• Oversee risk management processes, ensuring proactive identification and mitigation of risks.

Desired Qualifications

• Senior Pension Actuaries: Fellow actuaries with a Certificate of Practice for pensions (up to Associate Director level).

• Junior Actuaries: Actuaries with 3-4 years of experience in pensions.

Job Purpose

Within the SRT practice, the Analytics group is designed to take a risk based, analytics approach help clients improve performance and operating efficiency. We work closely and collaboratively with our clients, providing the full range of analytics services. Supporting statutory and Internal Auditors to be effective and efficient through usage of analytics. Beyond this, significant part of the services is in Risk Assessment, Control Compliance, CFO dashboard, solving business problem through analytics for respective Industry vertical through CCM / CTM, Contract Risk and Compliance

Key Job Responsibilities

Help build the machine learning capability credential for analytics practice and operationalize the integration with other existing market offerings. Also responsible for the following on an ongoing basis

• Understand business requirements to translate into analytics construct

• Manage large volumes of structured and unstructured data

• Help deploy analytics solutions and enable tracking of business outcomes

• Keep up with cutting edge machine learning and deep learning analytics techniques and tools

• Mitigate the risks associated with successful project completion.

Qualifications

§ Graduates (B.Tech / B.E) with relevant experience can also be considered.

§ M.Sc.IT, MBA, M.Tech, MCA, Any PG

§ Others - Certifications: Machine learning/Deep learning certifications, GitHub portfolio, Kaggle Profile, Hackerrank profile or any other

Your role as a leader

At Deloitte India, we believe in the importance of leadership at all levels. We expect our people to embrace and live our purpose by challenging themselves to identify issues that are most important for our clients, our people, and for society and make an impact that matters.

In addition to living our purpose, Professionals across our organization:

• Builds own understanding of our purpose and values; explores opportunities for impact

• Demonstrates strong commitment to personal learning and development; acts as a brand ambassador to help attract top talent

• Understands expectations and demonstrates personal accountability for keeping performance on track

• Actively focuses on developing effective communication and relationship-building skills

• Understands how their daily work contributes to the priorities of the team and the business

How you'll grow

At Deloitte, our professional development plan focuses on helping people at every level of their career to identify and use their strengths to do their best work every day. From entry-level employees to senior leaders, we believe there's always room to learn. We offer opportunities to help build world-class skills in addition to hands-on experience in the global, fast-changing

business world. From on-the-job learning experiences to formal development programs at Deloitte University, our professionals have a variety of opportunities to continue to grow throughout their career. Explore Deloitte University, The Leadership Centre.

Benefits

At Deloitte, we know that great people make a great organization. We value our people and offer employees a broad range of benefits.

Learn more about what working at Deloitte can mean for you.

Our purpose

Deloitte is led by a purpose: To make an impact that matters .

Every day, Deloitte people are making a real impact in the places they live and work. We pride ourselves on doing not only what is good for clients, but also what is good for our people and the communities in which we live and work—always striving to be an organization that is held up as a role model of quality, integrity, and positive change.

Learn more about Deloitte's impact on the world

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