Job Description
Actionable (4-6)
· Scorecard Building and Modelling
· Managing a suite of products and / or function within the Analytics Team.
·
· Ensuring close co-ordination with other functions in the Bank to help achieve specific Key objectives given by the Senior Management which involves Analytics involvement.
·
· Driving product risk strategy for all the Retail asset products of the Bank with the help of segmentation, statistical/financial models. Advanced models would need to be developed in partnership with statisticians / external vendors and with the relevant business units. The unit is also responsible for ensuring the successful deployment of these models - whether it is with front end credit appraisal, collections strategy, fraud risk or portfolio monitoring- in order to ensure tangible benefits for the bank
·
· Portfolio monitoring and analysis for the different loan portfolios of the bank with the aim of supporting the policy/product units in the areas of sourcing and portfolio management. Also, forecasting for credit losses from each of the products to aid in budgeting. Also responsible for certain regulatory and compliance related projects/activities.
·
· Cross - Selling of different products. The bank has has a large base of retail customers across its assets and liability products. Cross- Selling of products to the existing customers forms an important part of the bank's strategy. The unit is responsible for studying behaviour of these internal customers and customising loan offers to them from a risk perspective based on their profile and behaviour, and subsequently monitor these portfolios in order to incorporate further learnings into the selling strategy. This enables the bank to increases customer profitability and retention, besides bringing in new business at lower costs.
·
To continuously evaluate latest trends in the financial industry including "big data" technologies and chart out experimental or proof of concept projects. To adopt the latest trends wrt fintech companies by applying the best-in-class financial models, risk strategies. Apart from working
· Scorecard Building and Modelling
· Managing a suite of products and / or function within the Analytics Team.
·
· Ensuring close co-ordination with other functions in the Bank to help achieve specific Key objectives given by the Senior Management which involves Analytics involvement.
·
· Driving product risk strategy for all the Retail asset products of the Bank with the help of segmentation, statistical/financial models. Advanced models would need to be developed in partnership with statisticians / external vendors and with the relevant business units. The unit is also responsible for ensuring the successful deployment of these models - whether it is with front end credit appraisal, collections strategy, fraud risk or portfolio monitoring- in order to ensure tangible benefits for the bank
·
· Portfolio monitoring and analysis for the different loan portfolios of the bank with the aim of supporting the policy/product units in the areas of sourcing and portfolio management. Also, forecasting for credit losses from each of the products to aid in budgeting. Also responsible for certain regulatory and compliance related projects/activities.
·
· Cross - Selling of different products. The bank has has a large base of retail customers across its assets and liability products. Cross- Selling of products to the existing customers forms an important part of the bank's strategy. The unit is responsible for studying behaviour of these internal customers and customising loan offers to them from a risk perspective based on their profile and behaviour, and subsequently monitor these portfolios in order to incorporate further learnings into the selling strategy. This enables the bank to increases customer profitability and retention, besides bringing in new business at lower costs.
·
To continuously evaluate latest trends in the financial industry including "big data" technologies and chart out experimental or proof of concept projects. To adopt the latest trends wrt fintech companies by applying the best-in-class financial models, risk strategies. Apart from working
💡 Quick Summary
Seeking a career-building opportunity? The Vertical Head | Credit Analytics 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.
