Risk Management

Portfolio, risk manager among highest paid jobs in BFSI sector: Report

Portfolio manager and risk manager were among highest paid job roles in the BFSI sector, which witnessed a 53 per cent growth in job postings during February 2020-2023, according to a report on Thursday. The highest paying job roles in the Banking, Financial Services and Insurance (BFSI) sector were portfolio manager, risk manager and investment banking analyst earning a yearly median salary of Rs 11,50,000, Rs 9,00,000 and Rs 7,00,000, respectively, a report by global job site Indeed said. During the February 2020-2023 period, some of the other job roles that featured in the top 10 list of highest salaries include finance manager, wealth manager and credit manager, it added. The report is based on an analysis on data from Indeed site during February 2020-February 2023. Further, the data revealed that the top five job roles with the highest percentage of job postings are bank officer (11.29 per cent), loan officer (5.27 per cent), financial analyst (4.46 per cent), finance manager

Regulatory changes may bring new dawn for insurers: BFSI Summit panelists

Globally, insurance is moving to a risk management and a risk service business. India also has to do the same

IRM India Affiliate, Ultratech to bolster risk-readiness in cement sector

The two will be organising webinars, roundtables, industry meetings, and thought leadership articles towards knowledge building for the sector

Dollar slips as risk sentiment improves among investors after Fed minutes

The US dollar was broadly weaker on Thursday as investors, encouraged prospect of a slower pace of interest rate hikes from the federal reserve, placed bets on riskier assets

ICAI CA November 2022 PQC-IRM exam postponed; check revised schedule

ICAI CA November 2022 PQC-IRM exam postponed. Candidates can check the revised schedule on the official website of ICAI- icai.org

System-generated examination orders for B/E introduced

Under the new procedure, after processing BE data, Risk Management System (RMS) will generate a consolidated examination order for each selected BE based on potential risks.

Mitigating farm risk: Finance can be more helpful than agri economists

The financial markets have more-or-less stamped out uncertainty, and that can offer a lesson for reducing agricultural risk

Applying quality filter in the mid-cap space can reduce downside risk

Sebi extends deadline for risk mgmt framework implementation till April '22

Sebi on Friday extended the deadline till April 1 next year for implementing the risk management framework for mutual funds as well as the two-tier structure for benchmarking of certain categories of schemes. The implementation was to come into force from January 1, 2022. Meanwhile, the watchdog has come out with guidelines on usage of pool accounts by mutual funds as well as norms for investment in Bills Re Discounting Scheme (BRDS). All these decisions have been taken after receiving representations from the Association of Mutual Funds in India (AMFI). As per the rules, trustees and Asset Management Companies (AMCs) will have to ensure that the assets and liabilities of each scheme are segregated and ring-fenced from other schemes of a mutual fund. Also, bank accounts and securities accounts of each scheme should be segregated and ring-fenced. However, the securities or funds held in the pool accounts at mutual fund level are duly segregated scheme-wise and is appropriately ...

RBI holds talks with SFBs on enhanced board oversight, risk management

Analysts say while most SFBs set up robust networks the past 3-4 years, they were hit badly by Covid-19 pandemic, and will need time to ramp up CASA deposits and secured credit

Poonawalla Fincorp strengthens top deck with six new appointments

While Rajendra Tathare is Chief Credit Officer, Rashmi Prasad is Head Analytics. Others include Mitul Budhbhatti, Manish Kumar, Surya V and Indiresh Phaltankar

Commercial Bank of Kuwait selects TCS BaNCS to transform treasury ops

CBK was looking for a modern, integrated treasury solution to help transform its treasury operations and offer new generation asset classes, enhance risk management, and ensure regulatory compliance

Info security, risk management spending to grow 9.5% in India: Gartner

Enterprise information security and risk management spending in India is likely to increase by 9.5 per cent this year to $2.08 billion (about Rs 15,076 crore), according to Gartner

India's info security, risk mgmt spending to grow 9.5% in 2021: Gartner

Gartner analysts spoke about how security and risk management leaders (CISOs) can advance their IT cybersecurity and risk strategy at the Gartner Security and Risk Management Summit India taking place

We should have 1,000-1,200 actuaries at the earliest: Irdai chairman

Currently, India has only 458 full-fledged actuaries. In 2019, there were 439 actuaries and in a year, that number has gone up by just 19

Five ways active traders can manage their risk for better returns

Knowing all the do's and don'ts of trading in regards to learning process and failures, one needs to be clearly focused on the risk management.

Unavailability of online risk management system led to mkt shutdown: NSE

The exchange said it was continuously working on resolution of the problem and once the same was resolved, it made an announcement on re-opening of the markets

Repayment rules

Avoid blanket extension of loan moratorium

'Faceless assessment of tax to help reduce corruption charges'

The CBIC has issued detailed instructions appointing nodal commissioners for the purpose of administratively monitoring the assessment practice in respect of imported goods

New-age brokerages rework risk management policies to tide over volatility

While some have restricted intra-day leverages given to clients for trading, others have stopped trading in illiquid scrips