Chief Risk Officer - Digital Lending Platform

Location: Panjim, Goa

We are looking for a dynamic, bright & energetic individual to head our Risk function. A brief about the venture and the role is below.

About Loan Singh

Loan Singh (Company Name: Seynse Technologies - http://www.seynse.com/) is a digital lending platform [http://www.loansingh.com/] designed to make frictionless loans available to credit-worthy yet underserved borrowers. Loan Singh has its own credit scoring algorithm and is building a platform that looks at Lending as a Service which include aspects of Fund Flow, Loan Origination, Loan Processing as well as integration with multiple banks and partners.

Loan Singh has been funded by Airtel [http://telecom.economictimes.indiatimes.com/news/airtel-buys-strategic-equity-stake-in-fintech-firm-seynse/57291723] in a strategic investment, and other investors also includes prominent individuals such as Sanjay Nayar (CEO, KKR), Gopal Srinivasan (Chairman, TVS Capital), Vikram Sud (former COO, Kotak Group, Regional Director, Citi Singapore) among others.

Read here about our recent work [https://timesofindia.indiatimes.com/business/india-business/bharti-airtel-launches-online-store-offers-iphone-7-at-rs-7777/articleshow/61102874.cms] with Airtel.

About Prototyze

Loan Singh has been incubated by Prototyze. Prototyze [http://www.prototyze.com/] is one of the few - venture-builder- format incubators in Asia. It has catalyzed multiple ventures in the area of financial technologies, freight transportation, mobile fitness and corporate training. Please check this link [http://www.prototyze.com/october2016] for an overview about their progress.

Apart from Seynse, these include Mobiefit [http://www.mobiefit.com/] (a mobile fitness company), HandyTrain [http://www.handytrain.com/] (a mobile platform for corporate training), an IoT and SaaS transportation technology venture called TempoGo [http://www.tempogo.com/], and a platform for institutions to rent or commission Art called Monde Art [http://www.mondeart.com/]. All these ventures have also been invested in by prominent individuals and strategic partners, collectively to the tune of over $12 million

About the role

The incumbent would be responsible for leadership, governance and management of all initiatives required to identify, mitigate and monitor risk for a rapidly growing start-up in the alternative lending space. The position requires leadership experience and expertise in policy formulation and portfolio management of unsecured consumer lending as well as risk analytics. Experience with alternative lending would be an added bonus. The candidate will need to relocate to Goa.

Key Responsibilities

- Define a governance framework for identifying, measuring, mitigating and monitoring risk across all Loan Singh products and programs

- Own all portfolio risk metrics and performance and present to top management, investors and partners

- Lead all Consumer Risk Policy initiatives towards development, management, maintenance, reporting and oversight of credit and risk policy for all Loan Singh products.

- Lead engagements with Risk leadership at partner banks and NBFCs. Work with them to build consensus on acceptable risk thresholds and benchmarks. Present portfolio metrics and initiatives to improve portfolio quality and their outcomes.

- Manage relationship with leadership at credit bureaus and other risk vendors and partners

- Ability to manage teams effectively in a high-pressure environment with multiple deadlines

- Ability to innovate and think out of the box in building solutions and sourcing relevant data

- Mentor and provide thought leadership and guidance risk managers and analysts.

Qualifications

- 15+ years- experience in managing and leading the credit risk function for consumer lending portfolios for financial institutions (banks and NBFCs). Expertise in retail unsecured lending is a must.

- Proven track record of delivering in a start-up environment would be a plus

- Experience with segmentation, econometric and statistical modelling or credit and fraud risks analytics

A quick history -

Our older cluster is a decade-old group of knowledge-capital companies. These work with global clients such as Microsoft, Pizza Hut, Hyatt Hotels, McKinsey, IBM, Airtel, Hewlett Packard, KFC, Kotak, Goldman Sachs and many others. They include ScreenRoot[http://www.screenroot.com/] which focuses on human: screen interaction design (mobile apps, web applications, intranets- ); Synapse [http://www.synapse.co/] which specializes in business communication and VisualJuJu [http://www.visualjuju.com/] that's focused on multimedia.

A recent update on these companies is at PrivateUnlimited.com [http://privateunlimited.com/1April2017/].