Job Description
Job role:
- To lead the Digital Retail Risk Portfolio of the Bank
- To ensure development, implementation, and maintenance of credit risk scorecards and related policies for credit risk management decisions,
- Proactive Portfolio Analytics to ensure a pro-active approach to monitoring and underwriting.
Key Result Areas:
- Creating the risk and underwriting policies, infrastructure, development and deployment of underwriting models, risk decision strategies and fraud detection.
- Being involved in the full life cycle and straddle credit-and non-credit functions (initially).
- Working closely with the senior management team and lending partners in managing Risk/Return of the portfolio, defaults and collections
- Provide recommendations to update the model based on latest data and analysis
- Prepare / support on regulatory reports relating to retail credit portfolio in line with internal &external regulatory requirement
- Assist in implementation of IFRS +, development of Basel models for the entire retail portfolio
- Deploy the models on rating system and work with IT for effective maintenance of the scoring related information
- Identify analytical opportunity across credit life cycle - Acquisition, Portfolio Management and Collection Required to develop data-driven analytics to monitor the asset quality and minimize the credit
Required to develop data-driven analytics to monitor the asset quality and minimize the credit risk of retail portfolio
- Ensure timely communication of scorecard monitoring and validation along with insights and recommendation
Knowledge, Skills and Experience
- Minimum 15 years hands on experience in model building methodologies, implementation and compliance.
- Experience in Digital Loan Products
- Experience in Consumer Finance Loans
- Expert knowledge of credit scoring techniques
- Strong analytical, numerical, research and problem-solving skills
- To lead the Digital Retail Risk Portfolio of the Bank
- To ensure development, implementation, and maintenance of credit risk scorecards and related policies for credit risk management decisions,
- Proactive Portfolio Analytics to ensure a pro-active approach to monitoring and underwriting.
Key Result Areas:
- Creating the risk and underwriting policies, infrastructure, development and deployment of underwriting models, risk decision strategies and fraud detection.
- Being involved in the full life cycle and straddle credit-and non-credit functions (initially).
- Working closely with the senior management team and lending partners in managing Risk/Return of the portfolio, defaults and collections
- Provide recommendations to update the model based on latest data and analysis
- Prepare / support on regulatory reports relating to retail credit portfolio in line with internal &external regulatory requirement
- Assist in implementation of IFRS +, development of Basel models for the entire retail portfolio
- Deploy the models on rating system and work with IT for effective maintenance of the scoring related information
- Identify analytical opportunity across credit life cycle - Acquisition, Portfolio Management and Collection Required to develop data-driven analytics to monitor the asset quality and minimize the credit
Required to develop data-driven analytics to monitor the asset quality and minimize the credit risk of retail portfolio
- Ensure timely communication of scorecard monitoring and validation along with insights and recommendation
Knowledge, Skills and Experience
- Minimum 15 years hands on experience in model building methodologies, implementation and compliance.
- Experience in Digital Loan Products
- Experience in Consumer Finance Loans
- Expert knowledge of credit scoring techniques
- Strong analytical, numerical, research and problem-solving skills
💡 Quick Summary
Seeking a career-building opportunity? The Head | Retail Risk | Bank |15|20 yrs position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.