Agent 10 / 40 · Chief Risk Officer
Risk Appetite Guardian
Alerts on breaches of board-approved limits.
Skills
- ◆ Limit monitoring
- ◆ Breach escalation
- ◆ Appetite statement mapping
- ◆ Breach closure evidence
Time window to tackle
2 weeks
14 days10 weeks
Risk mitigation prime
Keeps the business within board-approved risk limits.
CXO position — prime lead
Chief Risk Officer (CRO)
Regulator
RBI (ICAAP, Basel III, IRACP norms)
Penalty clause
Breach of prudential norms attracts RBI monetary penalties under Section 47A of the Banking Regulation Act, plus possible Prompt Corrective Action restrictions on lending, dividends and expansion.
Indicative summary for awareness — verify against the current Act, regulation and circular.