Vice President - Credit Risk Policy

Job Overview:

- The Vice President of Risk Management will play a pivotal role in balancing the bank's risk exposure with its objectives to maximize returns, specifically focusing on personal loans within the consumer retail portfolio across India.

- This position involves collaborating with various business units to manage risks effectively, oversee policy and process management, and ensure compliance with evolving regulations and market conditions.

- The role requires a high level of expertise in credit risk management, strategic oversight, and the ability to drive portfolio management initiatives.

Key Responsibilities:

Policy and Process Management:

- Develop, implement, and manage risk policies and processes specifically related to personal loans within the consumer retail portfolio across India.

- Ensure policies are robust, aligned with best practices, and support the bank's strategic goals and risk appetite.

Product Program Preparation and Implementation:

- Assist in the design and execution of product programs related to personal loans.

- Work closely with product managers to ensure that programs are effectively launched and meet market demands while managing associated risks.

Asset Quality Reviews and Analytics:

- Facilitate regular reviews of asset quality, providing insightful analytics to identify potential risks and opportunities.

- Recommend and implement relevant actions to address identified issues and enhance portfolio performance.

Credit Policy and Risk Acceptance Criteria Review:

- Ensure that credit policies and program risk acceptance criteria are reviewed and updated regularly.

- Adapt policies proactively in response to changes in legal and regulatory requirements, business strategies, market conditions, or portfolio performance.

Portfolio Management and Credit Cycle:

- Drive portfolio management initiatives through a comprehensive credit cycle management framework.

- Collaborate with product managers, credit systems teams, credit operations teams, and collection teams to ensure effective management of the credit lifecycle.

Credit Systems and Policy Implementation:

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

- Ensure that systems are up-to-date and align with the latest credit policy requirements.

Risk Issue Escalation:

- Identify and escalate significant risk issues to business management promptly.

- Coordinate with senior management to develop and execute appropriate remedial actions.

Risk and Control Self-Assessments (RCSAs):

- Ensure timely completion of RCSAs, including the development and implementation of action plans to address identified control gaps.

- Monitor and follow up on issues and action plans arising from RCSAs, risk events, Key Risk Indicators (KRIs), regulatory inspections, or other risk-related matters.

Compliance and Follow-Up:

- Ensure all issues and action plans identified through risk assessments, audits, and inspections are adequately addressed and resolved.

- Maintain thorough documentation and follow-up on the implementation of corrective measures.

Qualifications:

- Education: Bachelor's degree in Finance, Business Administration, Economics, or a related field.

- An MBA or other advanced degree is preferred.

- Experience: Minimum of 12 years of experience in risk management, credit risk assessment, or related fields, with a proven track record in managing personal loan portfolios.

Skills:

- Strong analytical and problem-solving abilities.

- Expertise in credit risk management and portfolio oversight.

- Proficiency in credit evaluation systems and risk management tools.

- Excellent communication, leadership, and strategic thinking skills.

- In-depth knowledge of regulatory requirements and industry best practices.

Personal Attributes:

- Strategic and results-oriented with a strong focus on achieving business goals.

- Ability to manage complex risk scenarios and drive effective solutions.

- Excellent organizational skills and attention to detail.

- Proactive and adaptable to dynamic business environments.

Grade: VP (Vice President)