Risk Lead - JLG & RPL - Mumbai

Job Description:

Role/ Job Title: Risk Lead - Unsecured (JLG & RPL)

Function/ Department: Retail Risk

Job Purpose:

Policy/ Product & scheme development. Portfolio monitoring (including Risk Analytics)

Roles & Responsibilities:

• Leading Rural Risk team for review and monitoring of Core Rural Products encompassing below activities
• Setting up of regular monitoring process for key portfolio indicators viz, Nonstarters, Early delinquency, Gross delinquency, lagged delinquency, Vintage, Flow rates, Collaterals, PDD’s, Bureau scrubs, End use monitor.
• New Product development and modifications to existing product norms as per business requirements.
• Development of system controls to ensure policy and process adherence. Automation to the possible extent.
• Competition benchmarking through Networking, Bureau analysis, Industry reports.
• Ensure adherence to regulatory guidelines for PSL funding.
• Support customer retention strategy by leveraging analytical tools for Cross selling.
• Support product profitability through rationalization of Process, Automation of credit decisions, Risk based lending rates, adherence to NCL targets
• 'Monitor and ensure adherence of the business arrangements like credit costs, regulatory requirements etc
• Portfolio monitoring (including Risk Analytics)
• Tracking portfolio behaviour & forecasting trends.
• Using risk management tools to analyze the portfolio.
• Ensure adherence to triggers / controls as specified.
• Monitor and report the portfolio under management to senior management – MD/ CFO/ Board/ Various committees/ Risk Reviews.
• Monitoring portfolios mix and recommending changes in the portfolio focus.
• Policy/ Product & scheme development
• Development of policies & amendments according to the changing business environment & business goals.
• Scheme formulation at regular intervals based on portfolio behaviour, industry trends & market dynamics.
• Ensure that the objective of maximizing business while optimizing risk is always achieved.
• Benchmarking best practices in the industry and incorporating the same in business through constant innovations.
• Visit markets to understand the local practices and possible challenges and incorporate that learning’s in the product/ process improvements.
• Introduce innovative and niche products to suit organizations risk appetite and help grow the book with good book quality.
• Coordinate with Business Intelligence team to bring out the best use of data to facilitate business, like – scorecards, micro segmentation, loss projections, early warning indicators etc.

Education Qualification: 

Graduation: Bachelor of Science (B.Sc) / Bachelor of Technology (B.Tech) / Bachelor of Computer Applications (BCA) / Bachelor of Commerce(B.Com) / Bachelor of Business Administration(BBA)

Post-graduation: MBA / PGDM

Experience: 8 to 10 years of relevant experience