Associate Vice President

Company Description: PNB Gilts Ltd is a Standalone Primary Dealer and a subsidiary of Punjab National Bank [confirm: "India's only listed Standalone Primary Dealer"]. We are an active participant in India's government securities, money market and interest rate derivatives markets.Role Description: We are looking for a risk professional who wants breadth. You will measure and challenge market and liquidity risk on a sovereign-bond trading book, and help shape how the Company manages counterparty, operational and emerging climate risk. You will work closely with the dealing desks, senior management and the Board's Risk Management Committee.Job Description: • Monitor market, liquidity and funding risk against Board-approved limits using VaR/expected shortfall, PVBP, duration and funding-gap measures, and escalate breaches.• Produce clear, decision-ready risk reporting for the dealing desks, senior management and Board Committees; build dashboards and automate risk data flows with IT.• Support the development and back-testing of risk and valuation models, run stress tests and scenario analysis, and contribute to the risk assessment of new products such as FRAs and total return swaps.• Assess counterparty and issuer exposures and recommend limits and early-warning triggers.• Coordinate the operational risk toolkit: risk and control self-assessment, key risk indicators and loss-event data.•Track regulatory developments relevant to risk and assess their impact, prepare and file risk-related regulatory returns within timelines, and support the annual review of risk policies and risk appetite.• Contribute to the Company's climate-risk measurement and disclosure work.What you bringMust have• 2 to 5 years in market, treasury or quantitative risk, ideally with a primary dealer, bank treasury, mutual fund, or rating or research firm.• Postgraduate degree in finance, economics, statistics, mathematics or another quantitative discipline (MBA Finance, M.Sc., M.Tech or equivalent), or CA.• Sound understanding of Indian government securities, money, repo and interest rate derivative markets.• Working knowledge of VaR/expected shortfall, PVBP and duration, stress testing, back-testing, model validation and capital adequacy.• Hands-on analytical skills in Python, R or SQL and Excel; experience with risk or trading systems and dashboards.Good to have• FRM, PRM or CFA• Exposure to operational risk frameworks, climate risk or financed-emissions measurementWhy join us•   Breadth: the full risk spectrum of a primary dealer, rather than a single silo in a larger institution.•   Visibility: regular interaction with senior management and Board Committees.•   Room to build: models, dashboards, automation, new products and climate-risk work.•   Learning: work alongside the CRO across the whole risk framework early in your career.•   Stability: the backing of the Punjab National Bank group.