Head - Risk Policy - Secured Loans

Position: Head of Risk Policy - Secured

Location: Mumbai

Department: Risk Management

Reports To: Chief Risk Officer

Purpose of the role:

- Head of Risk Policy for Secured Loans, will be responsible for developing, implementing, and overseeing the risk management policies and strategies specifically related to secured loans.

- This role requires a deep understanding of risk assessment, credit policies, and compliance regulations in the context of secured lending.

- He/She will play a critical role in ensuring the organization's secured loan portfolio is effectively managed, with a focus on minimizing credit losses and maintaining compliance.

Key Responsibilities:

Policy Development: Develop, maintain, and update risk policies and guidelines related to secured loans, in alignment with the organization's risk tolerance and regulatory requirements.

Credit Risk Assessment: Lead the evaluation and analysis of credit risk associated with secured loans, including collateral valuation and risk modeling.

Compliance: Ensure all secured lending activities comply with relevant laws, regulations, and industry best practices.

Risk Monitoring: Establish and maintain effective risk monitoring systems to identify potential issues and trends in the secured loan portfolio.

Risk Mitigation: Develop and implement strategies to mitigate credit risk, including stress testing and scenario analysis.

Reporting: Prepare and present regular risk reports to senior management, highlighting key risk indicators and recommended actions.

Team Leadership: Manage and lead a team of policy specialists, providing guidance and support in achieving departmental goals.

Collaboration: Work closely with other departments, such as underwriting, collections, and legal, to ensure cohesive risk management practices throughout the secured lending process.

Continuous Improvement: Continuously assess and improve risk policies and processes to enhance the efficiency and effectiveness of risk management.

Qualifications:

- Master's degree in finance, risk management, or a related field

- Extensive experience in risk management, particularly in secured lending; 15-20 years of relevant experience preferred

- Strong knowledge of credit risk assessment, collateral valuation, and risk modeling.

- Familiarity with relevant regulations and compliance requirements for secured loans.

- Excellent leadership and team management skills.

- Analytical mindset with the ability to make data-driven decisions.

- Strong communication and presentation skills.

- Proven track record of developing and implementing successful risk policies.

- Risk management certifications (e.g., FRM, PRM) are a plus.