Zonal Head (Retail) RCU

L&T Financial Holdings, promoted by Larsen & Toubro Limited, is a Financial Holdings company offering a diverse range of financial products and services across the corporate, retail and infrastructure finance sectors as well as Mutual Fund products and investment management services, through its direct and indirect wholly-owned subsidiaries. It is registered with the RBI as an NBFC. We are headquartered in Mumbai and have our presence in 23 states in India.

Currently, we are hiring for our Risk Control Unit team in Mumbai for the position of Zonal Head. We are looking for candidates who are dynamic RCU professionals and have had team handling experience.

Job Purpose :

- The function is in-charge of managing the Risk Control activities covering all products across the Retail platform within the Zone comprising of 5-6 states.

- The function would be responsible for leading the Zonal RCU team to undertake evaluation of business processes on the basis of random sampling of loan proposals on pre-defined parameters, document and report the findings together with process enhancements to management.

- The role would also analyze critical MIS reports for identification of uneven trends, undertake fraud investigations and implement fraud control measures to minimize losses.

- The function would evaluate compliance with standard operating practices of the organization to ensure that necessary internal checks and controls are in place, identify process gaps and suggest ways for improvement.

- The incumbent would be responsible for imparting on the job functional training and skill enhancement to the team

Principal Accountability :

- Identification of uneven trends / outliers by intelligent data analysis indicative of abnormality followed by scrutiny and verification to ascertain the reasons

- Plan and undertake pre as well as post disbursement checks and branch process reviews by random sampling and documenting the observations

- To verify process adherence with Standard Operating Process of the Organization and suggest process improvements

- Allocate resources as per risk anomalies identification in the field, undertake and conclude fraud investigation within the prescribed time limit

- Interact with the field business force to understand business practices, risk involved and suggest ways to mitigate risks

- Supervise the work done by RCU agencies regularly and review of reports submitted

- Agency management including empanelment of new agencies for risk verification

- Maintaining optimum performance of the reporting team

Educational Qualification :

- MBA in General Management / Operations / Finance

Functional and Behavioral Skills :

- Clear understanding of business practices

- Intuitive skills to identify problem areas

- Analytical skills to detect data trends

- Networking skills to enable information gathering from stakeholders

Relevant and total years of Experience :

- Minimum 10 years of experience in Financial Services industry covering retail business / credit / operations / risk and preferably with leadership role for 3 years

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