Supports settlement risk management across payment clearing and settlement activities. Responsibilities include monitoring credit, liquidity, operational, concentration, and participant default risks; assessing exposures, limits, collateral, and breaches; developing risk policies, dashboards, reports, and governance materials; supporting stress testing and control assessments; tracking remediation actions; and providing independent oversight and challenge to risk owners. The role also analyzes risk data, supports GRC tool implementation, monitors regulatory developments, and contributes to AI-enabled risk monitoring.
Job Description: Settlement Risk Management
Position: Associate level
Number of Positions: 01
Location: Mumbai
Qualification: Graduate or MBA, preferably in Finance, Risk Management, Banking, Economics, or Data
Analytics
Experience: 3 to 6 years
Role Summary
The role is responsible for identifying, assessing, monitoring, and mitigating risks associated with payment
clearing and settlement activities. The candidate will support settlement risk governance, policy
development, risk monitoring, analytics, and implementation of risk-management tools.
Key Responsibilities
• Identify and monitor settlement-related credit, liquidity, operational, concentration, and participant
default risks.
• Monitor settlement exposures, risk limits, collateral adequacy, liquidity positions, breaches, and
exceptions.
• Develop and maintain settlement risk policies, procedures, risk indicators, dashboards, and
management reports.
• Support stress testing, scenario analysis, participant risk assessments, and default-management
preparedness.
• Recommend appropriate controls and mitigation measures to reduce settlement risk.
• Provide oversight, review, and challenge to the First Line of Defense.
• Assist risk owners in identifying key risks, control gaps, and corrective action plans.
• Collaborate with internal teams and vendors on the implementation and enhancement of GRC and
risk-management tools.
• Analyze risk data to identify trends, anomalies, and emerging risks.
• Perform risk-governance activities and prepare updates for senior management and relevant
committees.
Risk Governance and Framework
• Support the enhancement and implementation of the Settlement Risk Management Framework in
line with the organization’s Enterprise Risk Management Framework and risk appetite.
• Prepare and update risk policies, standards, process documents, operating procedures, risk
registers, assessment reports, and governance materials.
• Provide independent oversight, review, challenge, and advice to the First Line of Defense.
• Assist Principal Risk Owners and Principal Risk Coordinators in identifying key risks, assessing
mitigating controls, and developing action plans to address control gaps.
• Undertake risk and control assessments and monitor the timely closure of agreed risk mitigation
actions.
• Prepare dashboards, management reports, committee presentations, and risk insights for senior
management and relevant governance forums.
• Perform risk governance activities, including committee coordination, action tracking, issue
management, and maintenance of risk records.
• Promote risk awareness and contribute to initiatives aimed at strengthening the organization’s risk
culture.
• Track relevant regulatory developments, industry trends, internal events, and external risk
incidents, and assess their potential impact on clearing and settlement operations.
Requirements
Required Skills and Experience:
• 3 to 6 years of experience in settlement risk, credit or liquidity risk, operational risk, enterprise risk,
compliance, or audit.
• Good understanding of payment, clearing, and settlement processes, along with relevant banking
regulations and risk-management practices.
• Experience in financial services, banking, payments, or financial market infrastructure is preferred.
• Ability to analyze settlement exposures, limits, breaches, and risk data, and translate findings into
practical recommendations.
• Experience with GRC tools, risk analytics, Advanced Excel, Power BI, SQL, Python, or similar tools
is desirable.
• Working knowledge of AI and its application in risk monitoring, anomaly detection, reporting, and
decision-making.
• Strong analytical, problem-solving, communication, documentation, and presentation skills.
• Proven ability to influence stakeholders, coordinate across teams, and manage multiple priorities
in a dynamic environment.
• Sound judgment, attention to detail, and the ability to escalate material risk issues promptly.
AI Knowledge Requirement
• Working knowledge of Artificial Intelligence, machine learning, and generative AI concepts.
• Understanding of AI applications in risk monitoring, anomaly detection, early-warning indicators,
predictive analysis, and automated reporting.
• Awareness of AI-related risks such as data quality, bias, explainability, privacy, model risk, and
information security.
• Ability to use AI responsibly, with appropriate human oversight and governance.
Behavioral Attributes
• Proactive, prompt, and responsive.
• Achievement-oriented and accountable.
• Energetic and enthusiastic.
• Self-motivated and able to work independently.
• Collaborative and stakeholder focused.
• Adaptable and comfortable working in a fast-paced environment.
• Strong sense of ownership and commitment to timely delivery.
• Demonstrates integrity, sound judgment, and a risk-aware mindset.
National Payments Corporation Of India (NPCI) Mumbai, Maharashtra, IND Office
The Capital, B Wing, 10th Floor,, Bandra Kurla Comple, Mumbai, Maharashtra , India, 400051
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