Functional Risk Manager - BFSI

Your key responsibilities:

As a manager, your tasks and responsibilities will include:

- Part of ECL New model development, recommendation and approved from the board and auditors.

- Computation of Expected Credit Loss (ECL) as per policy, procedure, and controls for assessing and measuring credit risk.

- Review LGD/PD/EAD analysis. Timely preparation of necessary decks to present at senior meetings. Ensure compliance to Group policies and governance and controls framework and conducting stress testing on the ECL model.

- Developing ECL model in line with recent RBI notifications i.e. COVID General provision and One Time Restructuring (OTR) provision.

- Suggesting and working on different ECL models and coordinating with the audit team for the acceptance of the same.

- Good understanding on BASEL norms, IFRS9 guidelines.

- Implemented framework for early warning signals to identify emerging risks and enabling timely remedial measures.

- Part of team for Application Score Card model based on bureau results Monitor business performance and identify the factors behind risk and formulate policies to reduce and mitigate defaults

- Validating the different products variants proposed by the products team in line with credit risk involved.

- Hind-sighting of cases on sample basis and recommending the policy changes.

- Participating in audit half yearly and annual meetings and reverting on queries raised by the audit team.

- Reviewing existing policy and suggesting timely changes to fit to the credit risk framework.

- Developing Key Risk Indicators dashboard for the portfolio.

- Preparing quarterly Deck for portfolio to be presented to Risk Management committee (RMC)

- Part of the team to define the risk limits for portfolio and Monthly monitoring the portfolio to ensure that business lines operate within the defined risk limits

Skills and attributes for success :

- Highly numerate with strong attention to detail

- Logical and methodical approach

- Strong skills in ECL, Due Diligence , Loan tip & Static poll.

To qualify for the role you must have:

- Master/Bachelors degree and 5 years of working experience in NBFC/FinTech/Big 4

- Good accounting knowledge

- Team player with the ability to build relationships at all levels

- You have the necessary competencies to perform your job independently while using professional assertiveness

- Project management skills and excel spread-sheeting skills