Job Description
Manage a team responsible for driving innovation in the lending function by closely working with credit, business, analytics, legal, ISG, audit and other units.
Job Responsibilities(JR) : 6 – 8 Areas
Actionable (4-6)
· Identifying areas for experimenting and coming up with opportunities to be scaled up.
There is considerable innovation happening in the lending space on ways of customer assessment - credit risk, fraud risk, income, obligations and to be done in an algorithmic or a manual manner through digital or physical data.
· Identify segments where the Bank may not be participating currently owing to system restrictions such as lack of integrations with supporting platforms – e.g. perfios, PSB5+, GEM sahay, etc. and work with business and other groups to have these onboarded and used for lending.
· Assessing need, evaluating and working with stakeholders for the implementation of new platforms, processes or tools for enabling better credit and business decisions and processes. E.g – tools like Lentra, finfort, credavenue
· Work with business verticals across the bank to have a wishlist of experiments to be incubated for larger subsequent growth on the well performing ideas.Identify segments where the Bank may not be participating owing to higher perceived risk which may on occasion be suitably mitigated by adequate pricing intervention. Work with credit and analytics to experiment on such segments and roll out policies which may allow some business for a short period of time to understand the commercial viability in the longer run and to main stream the successful policy changes.
The above objectives would require close working with audit, compliance, infosec groups, credit, analytics, business and other functions to enable carrying out the required experiments and innovations.
· Portfolio Monitoring
· Ongoing monitoring of accounts Ensure that the business being done is being monitored both on business volumes and delinquency to ensure timely pulling of the plug if either goes out of the agreed boundaries.
· To work with sales and product to ensure that there is traction on the business volumes on the experiments.
· Co-lending
· With respect to co-lending, every new partner may have specific process and technology requirements – this team is the bridge between the partner and the Bank to ensure integration of processes to allow joint lending of products.
· Again, on co-lending, working across credit, CIC, ops, tech and other verticals to ensure that the diverse customer, product and process profiles are suitably evaluated on key parameters (like credit risk, fraud risk, operational alignment, etc.) by the respective teams to design a program acceptable to both parties.
Job Responsibilities(JR) : 6 – 8 Areas
Actionable (4-6)
· Identifying areas for experimenting and coming up with opportunities to be scaled up.
There is considerable innovation happening in the lending space on ways of customer assessment - credit risk, fraud risk, income, obligations and to be done in an algorithmic or a manual manner through digital or physical data.
· Identify segments where the Bank may not be participating currently owing to system restrictions such as lack of integrations with supporting platforms – e.g. perfios, PSB5+, GEM sahay, etc. and work with business and other groups to have these onboarded and used for lending.
· Assessing need, evaluating and working with stakeholders for the implementation of new platforms, processes or tools for enabling better credit and business decisions and processes. E.g – tools like Lentra, finfort, credavenue
· Work with business verticals across the bank to have a wishlist of experiments to be incubated for larger subsequent growth on the well performing ideas.Identify segments where the Bank may not be participating owing to higher perceived risk which may on occasion be suitably mitigated by adequate pricing intervention. Work with credit and analytics to experiment on such segments and roll out policies which may allow some business for a short period of time to understand the commercial viability in the longer run and to main stream the successful policy changes.
The above objectives would require close working with audit, compliance, infosec groups, credit, analytics, business and other functions to enable carrying out the required experiments and innovations.
· Portfolio Monitoring
· Ongoing monitoring of accounts Ensure that the business being done is being monitored both on business volumes and delinquency to ensure timely pulling of the plug if either goes out of the agreed boundaries.
· To work with sales and product to ensure that there is traction on the business volumes on the experiments.
· Co-lending
· With respect to co-lending, every new partner may have specific process and technology requirements – this team is the bridge between the partner and the Bank to ensure integration of processes to allow joint lending of products.
· Again, on co-lending, working across credit, CIC, ops, tech and other verticals to ensure that the diverse customer, product and process profiles are suitably evaluated on key parameters (like credit risk, fraud risk, operational alignment, etc.) by the respective teams to design a program acceptable to both parties.
💡 Quick Summary
Seeking a career-building opportunity? The Team Lead|Functional Innovation Lab 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.