Senior Manager - Credit Risk

About the Role:

- As a Senior Credit Risk Manager, you will be responsible for managing credit risk policies and processes for personal loans within the consumer retail portfolio across India.

- You will oversee the development and implementation of product programs, drive asset quality reviews, and ensure adherence to credit policies.

- Your role will involve close collaboration with various teams to enhance credit risk management and ensure proactive adaptation to changes.

Key Responsibilities:

Policy and Process Management:

- Develop, manage, and oversee credit risk policies and processes for personal loans in the consumer retail portfolio.

- Ensure policies and procedures are up-to-date and align with legal, regulatory, and business requirements.

Product Program Implementation:

- Assist in the preparation and implementation of new and existing product programs.

- Work closely with product managers to ensure that credit risk policies are integrated into product offerings.

Asset Quality Reviews:

- Facilitate regular asset quality reviews to assess portfolio performance.

- Provide analytical insights to identify risks and opportunities and recommend appropriate actions.

Policy Review and Adaptation:

- Regularly review and update credit policies and risk acceptance criteria.

- Adapt policies to reflect changes in regulations, business strategies, market conditions, and portfolio performance.

Portfolio Management:

- Drive portfolio management initiatives through the credit cycle management framework.

- Collaborate with product managers, credit systems, credit operations, and collections teams to manage and optimize credit risk.

Credit Systems Implementation:

- Partner with the credit systems support team to implement key credit policy criteria in relevant credit acceptance and evaluation systems.

- Ensure systems are aligned with current policies and risk criteria.

Risk Escalation:

- Identify and escalate significant risk issues to business management in a timely manner.

- Recommend and support the implementation of remedial actions to mitigate identified risks.

Risk & Control Self-Assessments (RCSAs):

- Ensure timely completion of RCSAs, including developing and executing action plans to address identified control gaps.

- Follow up on issues and action plans arising from RCSAs, risk events, Key Risk Indicators (KRIs), and regulatory inspections.

Regulatory and Compliance Oversight:

- Ensure compliance with regulatory requirements and internal control standards.

- Address any risk and control issues identified through various assessments and inspections.

Qualifications:

- Bachelor's degree in Finance, Business, Economics, or a related field; advanced degree or professional certification (e.g, CFA, FRM) preferred.

- Extensive experience in credit risk management, particularly with personal loans and consumer retail portfolios.

- Strong understanding of credit risk policies, portfolio management, and regulatory requirements.

- Proven ability to analyze complex data, identify risks, and develop strategic recommendations.

- Excellent collaboration skills and experience working with cross-functional teams.

- Strong communication, presentation, and problem-solving skills.

- Experience with credit systems and implementation of risk criteria is advantageous