AVP - Risk Management - FinTech/Financial Services

Position Overview:

As a Risk Manager , you will play a crucial role in safeguarding the financial and operational stability of the company.

Your primary responsibility will be to identify, assess, and mitigate risks across various aspects of company's operations, products, and services.

You will work closely with cross-functional teams to develop and implement risk management strategies, ensuring compliance with regulatory requirements while fostering a culture of risk awareness and proactive risk management.

Skills:

- Cohort Analysis, FPD and Straight Roller identification, Fraud Identification and Strategy, Customer Segmentation, Risk Based Pricing, Line Assignment

- CHAID Analysis, Logistic/Linear Regressions and Forecasting, Basic Data Analysis using Tables and Crosstabs, Swap-In/Swap-out analysis

- Understanding of ML models is a plus

Key Responsibilities:

Credit Risk Mitigation:

- Manage and Monitor delinquency metrics within specified thresholds and maintain risk at the cohort level across MOBs

- Identify any alarming trend and propose strategies to treat the issues timely

- Stay on top of Operations SOP and its alignment with Risk strategies

- Propose strategies to enhance growth without adding additional credit risk - Test and control portfolio

- Develop and implement risk management strategies, policies, and procedures tailored to company's unique business model and industry landscape.

- Partner with product, technology, and compliance teams to integrate risk controls into business processes and product development.

Risk Monitoring and Reporting:

- Establish and maintain a robust risk monitoring system to track and assess risks in real-time.

- Provide regular and ad-hoc risk reports to senior management, detailing risk exposure, mitigation efforts, and emerging trends.

Qualifications and Skills:

- Bachelor's degree in finance, business administration, risk management, or a related field. Advanced degree or relevant certifications (e.g., CFA) preferred.

- Proven track record (2+ years) in risk management, preferably within the financial services or fintech industry.

- Strong analytical mindset and the ability to evaluate complex scenarios and make data-driven decisions.

- Excellent communication and interpersonal skills to effectively collaborate with diverse stakeholders.

- Proficiency in risk management methodologies, tools, and software.

- Knowledge of financial regulations and compliance standards relevant to the fintech sector.

- Demonstrated leadership skills and the ability to manage projects effectively.

- Detail-oriented and able to manage confidential information with discretion.

- Adaptability and resilience in a dynamic and fast-paced environment.