IDFC Bank/Risk Lead-Digital Lending(Personal Loan)/Mumbai

Job Description:

Role Overview

The Risk Lead – Digital Lending is responsible for managing credit risk, fraud risk, and portfolio risk for digital personal loan products. The role ensures that lending decisions balance growth and profitability while minimizing defaults and fraud.

Key Responsibilities

1. Credit Risk Strategy

• Develop and implement credit risk policies for personal loans.

• Define eligibility rules such as:

  • Minimum income

  • Credit score requirements

  • Employment criteria.

Many lenders use credit bureau data from organizations like TransUnion CIBIL and Experian.

2. Risk Model Development

• Design and improve credit scoring models.

• Use data analytics to predict loan default probability.

• Work with data teams to build automated decision engines.

3. Portfolio Risk Monitoring

• Track performance of the personal loan portfolio:

  • Delinquencies

  • Non-performing assets (NPAs)

  • Early default rates.

• Analyze trends and identify risk segments.

4. Fraud Risk Management

• Detect and prevent fraud in digital loan applications.

• Implement fraud checks such as:

  • Device verification

  • Identity validation

  • Transaction monitoring.

Identity verification often involves Unique Identification Authority of India systems like Aadhaar-based KYC.

5. Digital Lending Process Optimization

• Improve approval workflows for instant personal loans.

• Balance fast loan approvals with strong risk controls.

6. Regulatory Compliance

• Ensure lending policies comply with guidelines from Reserve Bank of India.

• Implement proper documentation and audit controls