Vice President - Specialist/Risk Policy - Credit Card

- To give effective credit support for meeting the business targets.

- To frame the credit card policy framework (acquisition and account management policies), processes and workflow, assist in growth of the credit card business in India

- Support implementation of credit decision module on Credit cards technology platform

- Credit cards credit policy management and MIS analytics for portfolio monitoring and regular reviews

- Partnership with product development, collections, systems and operations team to ensure product development and roll out objectives are met

- Coordination with relevant stakeholders and ensure alignment of objectives

- Monitor portfolio performance through a structured early warning mechanism

- Ensure system changes keep pace with product development and ensure adequate controls

- Assist on developing Fintech partnerships, vendor empanelment, UAT activities on system changes

- Compliance with all internal and RBI/MAS guidelines

Job Duties and Responsibilities:

- Manage policy / processes for mainly Credit cards for the consumer retail portfolio pan India

- Assist in the preparation & implementation of product programs

- Facilitate regular asset quality reviews with provision of analytics insights to identify risks/ opportunities and recommend relevant actions

- Ensure credit policies and program risk acceptance criteria are reviewed regularly, with timely updates for proactive adaptation to changes in legal /regulatory requirements, business strategies, market environment or portfolio performance

- Drive portfolio management initiatives through the credit cycle management framework by working in partnership with product managers, credit systems team, credit operations team and collection team

- Work in partnership with credit systems support team to implement key credit policy criteria in relevant credit acceptance & evaluation systems

- Escalate on timely basis significant risk issues to business management and manager for taking appropriate remedial actions

- Ensure timely completion of RCSAs including appropriate action plans to address identified control gaps

- Ensure issues/action plans arising from Risk & Control Self-Assessments, risk events, KRIs, regulatory inspections or other risk issues are properly followed up

Experience:

- Minimum 15 years of experience in Consumer Banking with minimum 5 years experience in Credit Cards - Credit Risk Policy

- Exposure to Digital Lending space would be good to have.

Core Competencies:

- Good analytical skills

- Good presentation skills

- Good interpersonal skills

- Good knowledge of the financial services/banking industry

Technical Competencies:

- Sound knowledge of policies / lending frameworks followed for this product.

- Good knowledge of credit evaluation methods, tools & techniques

- Exposure to Digital channels, Fintechs and online tools of credit dispensation.

- Sound understanding of regulatory guidelines on credit issued by RBI (local regulations in India), MAS and local laws and regulations that impact businesses in general.

- Knowledge of various banking products and risks associated with them

Work Relationship:

- Good working relationship with Consumer Banking Relationship team, Consumer Operations, other product teams, RBI inspectors, regulators and other external agencies.