AVP - Policy Lead - Vehicle Segment - Bank

Given below the position details with a Leading Bank.

Position - Policy Lead - Vehicle

Grade - AVP

Business - Retail Risk

Location - BKC Mumbai

JOB DESCRIPTION :

Job Purpose :

- Position is under the CRO vertical, under the retail risk team.

- Concerned will be responsible to manage the vehicle loans portfolio for the assigned products. Key responsibilities being to critically examine and approve the credit policy changes and fresh proposals.

- Establishing the early warning indicators and other measures for portfolio performance evaluation and monitoring. Regular monitoring of the portfolio and ensuring portfolio performance is maintained within the approved risk thresholds throughout the year.

- Ensure the product policies and norms are in compliance to the regulatory guidelines and framework.

- Ensuring compliance to laid down policies and procedures with no critical gaps in internal / external audits for the respective products

Job Responsibilities:

Primary Responsibilities :

- Position with retail risk team under CRO vertical, with reporting to Risk Head - Vehicle loans or equivalent

- Understanding of retail loan products, especially TW, Used Car and Commercial Vehicle Loans - preferred experience in underwriting / product management of CV/CE and Auto Loans.

- Data crunching abilities. Detailed knowledge of portfolio review basis nature/market and features of product and ability to understand stress segment of the same.

- Setting ups of risk thresholds for the assigned products within the overall risk appetite of the bank, in coordination with business team based on projections and budgets.

- Risk reporting of portfolio and breaches to thresholds set product wise. Ability to analyze reasons of portfolio performance and enact on corrective measures appropriately.

- Vetting policy proposition and approving policy modifications based on merits and associated credit risk.

- Understanding of credit scoring models and work with stakeholders to strategize model deployment.

- Proactive engagement with counterparties / stakeholders for fruitful discussion and execution of risk practices.

- Regular monitoring of the portfolio performance on early risk indicators/ TTD trends / Segment Mix for assessment of impact of the policy changes.

- Willing to work on complex data for meaningful insights to enable risk assessment and decision.

- Compliance to audit requirements

- Compliance to regulatory guidelines for assigned products