Policy & Risk Manager - Vehicle Loan

Policy and Risk Manager - Vehicles

Department - Credit and Risk

Location - Mumbai

Education - Graduate with CA or MBA

CTC - 16 Lacs pa

- Requirement - Minimum 5 years of experience in credit risk and policy management with minimum 3 years in Vehicle business only (Used CV and Car)

Purpose of the Role:

To undertake key tasks pertaining to Risk &Policy Management for the Vehicle Finance, drive the same with support of team and working closely with all stakeholders like sales, credit, collections, product, operations, compliance etc.

Primary Functions & Responsibilities:

- Check and keep track on industry trends, key factors impacting industry, performance of trade in local market and regulatory impact.

- Review portfolio every month with respect to delinquency / losses / fraud for the period underwritten. Well versed excel and PPT skills

- Support delivery of Business Volumes with focus on operational efficiency through process changes and effective policy implementation.

- Preparation of various Policies and Programs on timely basis. Ensuring adherence to the Policy/ Procedures by the Credit Function

- Clarifying the stand on Policies on ongoing basis by conducting policy trainings and tests.

- Preparation of various MIS with updated policy and publishing portfolio MIS Compilation and extraction of data for various analysis and put them in structured way for meaning full interpretation

- Preparation of DGV ( Depreciated Grid Value) and monitoring Vehicle prices on regular basis to make timely corrections if required

- Identification of Early warning Risk Indicators through monitoring Triggers and Periodic review of Portfolio at various parameters

- Monitoring various triggers as mentioned in LPOs and other schemes and update, follow with Credit / sales for adherence / exceptions

- Regular monitoring of Risk Triggers set against each programs.

- Tracking disbursement on various cuts to ensure sourcing quality is in line with projections.

- Quantifying major parameters for objective monitoring of portfolio quality.

- Initiation and monitoring of corrective action plans for the burst Triggers through suggestion and changes

- Modification of approval matrix.

- Follow up with sales / credit on sourcing correction

- Identifying and reporting the key trends in various markets - in case of high delinquency, engage in first level dialogue and identify the erring segments with proper corrective action plan

- Ensuring that the corrective plans results in maintaining Net Credit Losses within the budgeted level

- Discontinuing policies and campaigns/programs contributing to higher losses.

- See through the unplanned growth in any geography which is affecting the portfolio quality and put preventive course of action well in advance

- Delegation of high incidence deviations to line teams.Weeding out irrelevant deviations.

- Scorecard development and should have good knowledge of systems, process/policy automation, system UAT so that faster TAT can be delivered without compromising on Risk parameters.