Head - Credit Risk Policy - Unsecured Lending

Key Accountabilities: (List the expected end results or KPIs that the incumbent is expected to achieve for this job. Do not list more than 5)

1) To roll-out/enhance the credit lending framework including policies, processes, MIS, controls, etc for the Unsecured Lending business in India.

2) To recommend / approve credit applications in line with agreed process workflows and policies after highlighting / considering all significant risks.

3) To keep track of delinquency levels and ensuring that requisite follow up is being done to ensure that overdues are regularised in a time bound manner.

4) To apply knowledge of RBI Regulations/MAS Guidelines that govern credit dispensation, including the Loan Grading, Provisioning and Asset Classification regulations.

5) To have a working knowledge of the general Legal framework in which the bank operates in India and apply the same.

Job Duties and Responsibilities: (List the principal duties of the incumbent. Use concise statements that provide a clear understanding of the level of responsibility, complexity, creativity and analysis performed in this position.)

1. Manage policy / processes for Unsecured Products (Personal Loans, Credit Cards, Eco-System Partnerships management for the consumer retail portfolio pan India.

2. Assist in the preparation & implementation of product programs

3. Facilitate regular asset quality reviews with provision of analytics insights to identify risks/opportunities and recommend relevant actions

4. Ensure credit policies and program risk acceptance criteria are reviewed regularly, with timely updates for proactive adaptation to changes in legal /regulatory requirements, business strategies, market environment or portfolio performance

5. Drive portfolio management initiatives through the credit cycle management framework by working in partnership with product managers, credit systems team, credit operations team and collection team

6. Work in partnership with credit systems support team to implement key credit policy criteria in relevant credit acceptance & evaluation systems

7. Escalate on timely basis significant risk issues to business management and manager for taking appropriate remedial actions

8. Ensure timely completion of RCSAs including appropriate action plans to address identified control gaps

9. Ensure issues/action plans arising from Risk & Control Self-Assessments, risk events, KRIs, regulatory inspections or other risk issues are properly followed up

Experience (Indicate nature and extent of work experience including number of years required, if applicable.)

- Minimum 10-12 years of experience in Consumer Banking (preferably Unsecured/Digital lending) / Credit Rating.

Exposure to Digital Lending space would be good to have.

Technical Competencies (List the technical knowledge and skills required for this position.)

1) Sound knowledge of policies / lending frameworks followed for this product.

2) Good knowledge of credit evaluation methods, tools & techniques

3) Exposure to Digital channels, Fintechs and online tools of credit dispensation.

4) Sound understanding of regulatory guidelines on credit issued by RBI (local regulations in India), MAS and local laws and regulations that impact businesses in general.

5) Knowledge of various banking products and risks associated with them