Manager - Risk - Corporate Credit Business - BFSI

Client Profile : Currently we have a Vacancy as Manager-Risk with our clients who are a very large, professionally managed, highly profitable exponentially expanding MNC BFSI organisation-World Leaders in their field. Our clients are on a rapid transformation phase and hope to grow very rapidly in the next few years..Our clients are expanding very rapidly and wish to recruit Risk Management professional to be based in Mumbai and reporting to the Head-Risk Management.

- Our clients have a strong HR & employee-enagement programme and strongly believe in providing a great work-life balance.

- The positions are full-time and our clients provide attractive salary+benefits along with a career enhancing opportunity.

KRAs :

This position ensures assessment of corporate credit applications provided by sales department with highest quality in line with the standards set Group Risk Management :

- The position ensures appropriate and timely execution of credit decisions as per sanctioned reporting limits by presenting the credit application to the credit committee and resolving all queries.

- The position ensures execution of all post sanction processes like communication of credit committee decisions, fulfillment of pre-conditions, follow-up of post conditions, completion of collaterals etc.

- The position ensures risk of wholesale loan is closely monitored and controlled at an acceptable level with special focus on intensified and problem loan management.

Job Profile :

Credit Assessment for regular borrowers :

- Process & submit new, re-submission or enhancement proposals to Credit committee on a timely basis taking deadlines into account

- Secure Quality assurance of the 2nd vote prepared by the credit analysts

- Credit process administration to ensure compliance with group requirements

- Monitoring due date management of conditions and renewals, and recommending deviations sought by business teams.

- Quality assurance of the sanction letter released to dealers ensuring compliance of all the points in credit decision.

- In case of modification in the pre or post condition, analyze and present to the Credit Committee for final approval

- Assess ad-hoc limit requests and recommend to Head of Risk and Managing Director Back Office for final decision

- Track and monitor expiry of limits - regular, ad hoc and overdrafts

- Analyze limit extension proposals and present to the Credit Committee for approvals

- Investigate abnormal change for customer and evaluate the effect on risks of wholesale loan in accordance with respective pre-warning system procedure eg. High financing period, high failure rates in stock audits, high SOTs etc.

- Responsible for timely update of borrowers- information

Manage good relationship with the parent organisation :

Credit Assessment for ILM/PLM borrowers :

- Responsible for intensified and problem loan management (ILM/PLM) borrowers: propose risk mitigation measures and/or restructuring plans

- Submit credit application to the approving authority for ILM/PLM loans

- Monitor closely on the measures taken by ILM/PLM borrower as per the business plan.

Credit decision follow-up monitoring :

- Quality assurance of the sanction letter released to the dealer, ensuring compliance of all the points in credit decision.

- Confirm all the preconditions have been fulfilled as required in the last credit decision before limit could be released for each dealer.

- Ensure the conditions are fulfilled before due date as required in the last credit decision.

- Escalate to team leader if any condition is not fulfilled successfully and freeze limit to respective dealer according to credit decision.

- In case of modification in the pre or post condition, analyze and present to the Credit Committee for final approval.

- Follow up on legal fulfillment of collaterals conditions.

- Authorize (in co-ordination with legal department) partial disbursement of term loan.

- Assess ad-hoc limit requests and recommend for final decision

- Track and monitor expiry of limits - regular, ad hoc and overdrafts.

- Analyze limit extension proposals and present to the Credit Committee for approvals.

Team Management :

- To lead and motivate team by coordinating diverse activities, to build an active team cooperation environment.

- To evaluate, coach and develop team members, and report their performance/potentials to the Head of Risk Management.

To assign the working objectives of team members, evaluate the target achievement status, and then propose the reward plan

Flexible Responsibilities :

- To perform any other duties required upon department head assignment with reasonable diligence.

Candidate Profile : CA / MBA with 2-4 years work experience in corporate credit business (credit evaluation) in a bank or financial institutions.