What is the salary of a Risk Manager at JM Financial?

The average yearly salaries for different jobs at JM Financial:

Risk Manager: ₹9.5 lakhs

Here are some of the benefits available for a Risk Manager at JM Financial:

1. Professional Support & Learning:
   • Training in job skills and soft skills.
   • Assistance with obtaining professional degrees.
   • Opportunities for international or on-site exposure.
2. Health & Insurance:
   • Coverage for health insurance.
3. Office Perks:
   • Access to office cab/shuttle service.
   • Use of cafeteria facilities.
   • Access to office gym facilities.
   • Limited availability of child care facilities.

The role of a Risk Manager is crucial in safeguarding organizations against potential threats and uncertainties. Here's a breakdown of their key responsibilities:

1. Identifying Risks: Risk managers are tasked with identifying potential risks that could affect the organization's objectives or operations. They conduct thorough assessments to understand the nature and impact of these risks.
2. Developing Mitigation Strategies: Once risks are identified, risk managers work on developing strategies to mitigate or minimize their impact. This involves creating plans and protocols to address specific risk scenarios effectively.
3. Ensuring Compliance: Risk managers ensure that the organization complies with relevant regulations and internal policies. They stay updated on industry standards and legal requirements to maintain compliance.
4. Insurance Management: They oversee the procurement and management of insurance policies to protect the organization against various risks. This includes assessing coverage needs and handling insurance claims when necessary.
5. Monitoring and Reporting: Continuous monitoring of risks is essential. Risk managers set up systems to monitor risks in real-time and provide regular reports to senior management, enabling informed decision-making.
6. Communication and Training: They communicate risk management strategies across the organization and conduct training sessions to educate employees about potential risks and safety measures.
7. Crisis Management: In times of crisis, risk managers play a crucial role in coordinating the organization's response. They implement crisis management plans and take decisive actions to mitigate the impact of the crisis.
8. Financial Risk Management: Managing financial risks, such as market fluctuations and credit risks, is also part of their responsibility.