Joint Managing Director – Operations — Risk And Controls Estate

The mandate

A recent strategy review exposed succession into a split leadership model during a complex execution phase within a multinational-owned regulated universal or specialist bank. The immediate arena is the risk and controls estate during a core-banking renewal. For mandate 062, the successful executive inherits decisions that have been deferred, competing stakeholder expectations and a need to establish facts before committing further capital.

The Joint Managing Director – Operations operating perimeter covers approximately ₹59,850 crore in loan and deposit book, with activity spanning several risk and controls estate customer, product and delivery clusters rather than a single asset. The Joint Managing Director – Operations Banking remit carries direct influence over roughly 900 colleagues and third-party capacity.

The group board and the relevant risk and people committees want a Joint Managing Director – Operations who can convert ambiguity into a short list of explicit choices for the risk and controls estate. The Joint Managing Director – Operations Banking seat must resolve a core-banking renewal, while preserving the underlying strengths of the risk and controls estate. For mandate 062, value will come through sharper allocation, stronger leaders and an operating cadence that exposes variance early.

The Joint Managing Director – Operations’s first year on the risk and controls estate is expected to end with delivery certainty, operating discipline and a credible succession bridge. In mandate 062, authority covers resources and leadership appointments; material trade-offs go directly to the board sponsor.

Why this seat is open

This is a planned replacement for the Joint Managing Director – Operations — Risk And Controls Estate seat. The incumbent continues to lead the risk and controls estate through an agreed succession period and will support a structured handover. The board has allowed 4–6 months to assess candidates, complete diligence and protect continuity while a core-banking renewal is addressed. The search is confidential so the transition can be communicated to employees, customers and partners in a controlled sequence.

What you will own

• Set the Joint Managing Director – Operations value-creation thesis for the risk and controls estate, translate it into no more than five enterprise priorities and stop work that does not support them.
• Carry stewardship of approximately ₹59,850 crore in loan and deposit book, including allocation, risk acceptance and board forecasts.
• Lead the Joint Managing Director – Operations Banking organisation of about 900 employees and partners, appointing a team with clear decision rights and credible succession for every critical seat.
• Resolve the risk and controls estate economics and execution constraints created by a core-banking renewal, with Joint Managing Director – Operations-approved owners, dated milestones and transparent escalation thresholds.
• Establish one Joint Managing Director – Operations operating review across commercial, customer, financial, people, technology and risk outcomes for the risk and controls estate; remove reconciliations that obscure accountability.
• Have led a country, division or operating entity with direct commercial, people and governance accountability in mandate 062.
• Build the Joint Managing Director – Operations’s three-year succession and capability plan for the risk and controls estate, reducing dependence on individual executives and improving mobility across the wider Banking organisation.

The first 12 months

• Days 1–90: Validate the risk and controls estate baseline, meet the 30 stakeholders most consequential to succession into a split leadership model during a complex execution phase, assess the leadership team, stabilise immediate delivery risks and agree a board-owned scorecard with explicit decision gates.
• Months 4–9: Make the principal Joint Managing Director – Operations portfolio and organisation choices for the risk and controls estate, install the new operating cadence, fill critical leadership gaps and deliver the first measurable release of cash, capacity or customer value.
• Months 10–12: Demonstrate a repeatable risk and controls estate trend against delivery certainty, operating discipline and a credible succession bridge, lock the following year’s capital and talent plan, evidence control sustainability and present a credible three-year value case with downside actions.

What the board will measure

• Delivery of the Joint Managing Director – Operations’s agreed first-year risk and controls estate value case within a 10% tolerance, with variance explained before rather than after the relevant quarter closes.
• A Joint Managing Director – Operations forecast that remains decision-useful across three consecutive quarters and reconciles the risk and controls estate’s operating, cash, customer and people assumptions.
• Closure of the Joint Managing Director – Operations mandate’s highest-priority risk and controls estate risk and execution issues by their board-approved dates, with independent evidence that fixes are sustained.
• Retention of at least 90% of critical risk and controls estate talent and ready-now successors for at least 70% of the Joint Managing Director – Operations’s direct reports.
• A quantified Joint Managing Director – Operations-owned improvement in the risk and controls estate operating constraint behind a core-banking renewal, supported by a clean baseline and named data owner.
• Clear stakeholder confidence in mandate 062: no unresolved high-severity escalation older than 30 days and no material surprise withheld from its agreed governance forum.

The person

You are currently a Joint MD, COO, Executive Director or Business President in a multinational-owned Banking or adjacent enterprise. In relation to the risk and controls estate, your Joint Managing Director – Operations track record includes a transition where the original plan was no longer sufficient; you can explain your choices, evidence and numerical impact. Candidates from financial services, payments, lending, insurance or regulated fintech will be considered where the operating model, customer stakes and governance intensity match this Joint Managing Director – Operations brief.

As a Joint Managing Director – Operations candidate, you bring 28+ years of progressive Banking or adjacent-sector experience, consistent with the 28-plus experience band. At minimum, you have carried a P&L, book, budget or accountable portfolio of ₹34,700 crore and led an organisation of at least 900 people.

For mandate 062, the board wants two transitions: a difficult risk and controls estate portfolio choice and a leadership-system change during a core-banking renewal. As the prospective Joint Managing Director – Operations for this risk and controls estate, you must challenge optimistic cases and still create followership. References for mandate 062 must distinguish your contribution from the institution around you.

The Joint Managing Director – Operations role in Banking is based in Gurugram; relocation is expected, although a structured weekly commute may be considered during the first quarter.

Non-negotiables

• Current or recent accountability at the level of Joint MD, COO, Executive Director or Business President, with direct exposure to a board, investment committee or equivalent Banking governance forum.
• Proven Joint Managing Director – Operations ownership of at least ₹34,700 crore and leadership of no fewer than 900 employees in a comparable risk and controls estate context.
• One completed Banking or adjacent-sector example of succession into a split leadership model during a complex execution phase with outcomes sustained for at least two reporting periods after the initial intervention.
• Sector credibility from financial services, payments, lending, insurance or regulated fintech; experience that is purely functional and lacks Joint Managing Director – Operations-level risk and controls estate consequences will not meet the bar.
• Willingness to meet the Gurugram location expectation, complete conflicts and background diligence, and protect the confidentiality of mandate 062.

Compensation and terms

The anticipated Joint Managing Director – Operations package is ₹5.0–7.5 crore fixed + performance variable and LTI, calibrated to the final risk and controls estate scope and the candidate’s current mix. Any long-term participation for mandate 062 follows standard vesting and performance conditions. The Joint Managing Director – Operations appointment in Gurugram, centred on the risk and controls estate, offers regular exposure to the group board and the relevant risk and people committees. A notice period of up to 6 months can be accommodated for the selected executive in mandate 062.

Confidentiality

Client identity is withheld at this stage and will be disclosed under mutual confidentiality after an initial fit discussion for mandate 062. Rounded ranges and blended context prevent this document from being used to triangulate the organisation for mandate 062.