IFMR - Senior Credit Risk Analyst

Job Description – Senior Credit Risk Analyst

IFMR Rural Finance (www.ruralfinance.ifmr.co.in). is a technology-process company which licenses out its KGFS Brand along with the required technology, processes and tools to build community focused small financial institutions that serve remote rural communities in defined geographies (typically two Districts of India). While the licensees (KGFSs) are not banks themselves, like regular banks they operate through branches located inside remote villages and have the ability to offer comprehensive savings and loan services to both, individual consumers as well as local businesses and local governments. But, unlike regular banks, these institutions also offer a full range of financial services (savings, loans, investments, insurance, risk management, pensions) and use an internally developed wealth management approach that is an integral part of the manner in which they serve the local community – they even had to write their own textbook for this – Financial Engineering for Low Income Households (Financial Engineering for Low Income Households).

The organization thus far has 6 licensees which, between them, reach 12 Districts and serve about ~ 500,000 families in three States of India (Tamil Nadu, Uttarakhand, and Orissa). In order to support the rapid growth plan of the existing licensees as well on-boarding of new licensees in new geographies, we are looking to expand out our Wealth Management, Risk Management, Technology and Training teams.

Senior Credit Risk Analyst

The Senior Credit Risk Analyst is responsible for leading modelling, analysis, and reporting efforts on loan portfolios to anticipate, identify, and mitigate credit risk exposure whether related to loan acquisition or portfolio management activities. When focused on loan acquisition, the position involves conducting analysis to mitigate credit risk, set credit policy, and evaluate credit demographics, credit execution and credit structure. When focused on portfolio management, the position involves portfolio forecasting, modelling, analysis, and reporting related to factors that affect portfolio performance such as delinquency, loss frequency, loss severity and bankruptcies. The Senior Credit Risk Analyst is responsible for identifying trends and summarizing this information to a variety of internal clients. This position will interact with many other departments in the interest of achieving the overall company objectives.

Responsibilities

The Sr. Credit Risk Analyst is responsible for

- Assessing credit risk

- Reporting on credit metrics

- Conducting data and business analysis

- Utilizing best practices of data analysis to ensure data results are accurate, summarizing findings

- Developing recommendations and presenting analyses to management in a clear, concise, convincing, and actionable format. The Sr. Credit Risk Analyst is also responsible for providing direction, training, and guidance to less experienced Credit Risk Analysts and leading projects or special assignments as required.

QUALIFICATIONS:

Skills

- Effective written and verbal presentation skills with an ability to communicate well with management; pro-active and detail-oriented; ability to work with minimal supervision displaying leadership in a team environment; an ability to interact collaboratively with internal customers; capable of managing multiple and varied projects, including ability to coordinate and balance numerous tasks in a time-sensitive environment, under pressure, meeting deadlines; and demonstrated quantitative skills and ability to apply complex financial and statistical principles.

Knowledge

- Experience with respect to data analysis, advanced spread-sheet modelling, and forecasting techniques; knowledge of finance, statistics, economics and consumer credit; demonstrated understanding and experience with technical systems, rational datasets, data warehouses, data mining, and data analysis techniques.

Experience

- Bachelor's degree or equivalent experience; Master’s Degree (preferred) in Finance, Economics, Mathematics, Statistics, or similar quantitative field.

- In addition, 3-5 years of experience in consumer loan credit risk analysis is required