AVP - Risk Policy - FinTech

We have urgent job opening for AVP Risk Policy with one of the best Fintech Company.

Location : Mumbai

Role Summary:

- Responsible to scale up and lead the Policy Vertical for Consumer Loans, Personal Loans, Vehicle Finance and new products Solution Oriented to make processes more efficient and increase automation (process improvement, KYC automation, LOS enhancements)

- Tracking and monitoring policy on real time basis / weekly for enhancement in system decisioning

- Scoping competitive landscape for inputs on best practices in policy, process automation, borrower journey etc.

- Demonstrated flexibility and agility to learn a new industry/ domain

- Self-starter and high degree of motivation to go above and beyond the task at hand

- Vendor Onboarding & management for bank analysers, physical verifications, income proof etc.

What will the candidate do?

- KRA Hard Goals Soft Goals

- Create Policy & Monitor (55%) Create Policies through decision trees & business rule engine, Scorecards; Track and enhance automation rates for each product;

- Track Policy Performance

- Comfortable with numbers, problem solving abilities, Analytical bent of mind, smooth coordination with other teams (Product/Tech, Data Science, Analytics, Credit,

- Product and Automation (35%) Process Improvement to automate / auto verify aspects of credit checks; manage system infrastructural requirements for credit & policy; new product development, competition scoping; Vendor Management, Flexibility and agility to explore new products / tools / alternate data sources for decisioning / other market offerings for efficiency improvements,

Others (10%) Portfolio & Exposure Management, New Dealer Policy Mapping,

- Eye for details, Task Oriented and Self

Job Description :

- Building the lending framework for retail lending products (majorly unsecured product portfolio) and digital lending products.

- Framing credit policies, procedures and implementation for existing product portfolio and new product development (retail lending - unsecured and secured products)

- Exposure to BRD (Business Rule Development) and BRE (Business Rule Engine) for enhancing system capabilities

- Exposure to framing business logic of rules, variables, decisioning frameworks to enhance automation rates.

- Continuous monitoring & hind-sighting of the policies configured in the system to identify gaps and ensure accuracy

- Competition Analysis to introduce new relevant practises and strengthening the policies.

- Collaborating with Data Science & Tech Team for increasing extent of automation and system decisioning to maximize the coverage of transactions through system

- Ensuring all loans and lending procedures comply with regulations.

- Perform ad-hoc assignments allocated from time to time

- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters . Candidate Market Mapping