Poonawalla Fincorp - Associate Vice President - STPL Credit Risk

Job Purpose :

You will be responsible for developing & maintaining credit policies for unsecured STPL product (and its variants), sourced through multiple channels (including digital channels like web/mobile app) ensuring it aligns with the organization's risk appetite and regulatory requirements. You will play a crucial role in managing credit risk and maintaining a healthy credit portfolio in the unsecured STPL segment. You will work closely with various internal/external stakeholders to ensure prudent credit decision-making processes and foster sustainable business growth.

Principal Accountabilities :

a) Credit Policy Development:

- Develop, review, and enhance the credit policies & procedures for existing as well as new variants of the unsecured STPL product sourced through multiple channels, including digital sourcing through web/mobile app, to maintain a balanced and effective risk management approach while supporting business objectives.

b) Portfolio Risk Assessment & Monitoring:

- Assess credit risk in the portfolio on an ongoing basis through in-depth analysis of good/bad segments of the portfolio.\

- Establish credit monitoring mechanisms to track the performance of the credit portfolio and proactively identify potential areas of concern.

- Present portfolio performance and insights to senior management on monthly basis.

c) Data Analysis & Automation:

- Utilize data analytics to gain insights into credit trends, customer behavior, and portfolio performance, and use this information to optimize credit policy decisions.

- Collaborating with Data Science & Tech Team for increasing extent of automation and system decisioning (including use of AI/ML techniques) to maximize the coverage of transactions through system.

- Developing, deploying, maintaining and updating scorecards / policy rules (BREs) in system. Ensure successful UAT is conducted for all BREs rules coded in the system.

d) Regulatory Compliance:

- Stay up-to-date with the latest regulatory guidelines and ensure the credit policy adheres to all relevant legal and regulatory requirements set forth by relevant authorities.

e) Cross-functional Collaboration:

- Collaborate with various departments, including Finance, Operations, IT, Data Analytics, Business, Credit and Collections, to integrate credit policy considerations into their respective functions.

f) Ad-hoc assignments:

- Ad-hoc assignments related to credit risk and portfolio analytics from time to time