Chief Risk Officer - NBFC

Job Description :

- The Chief Risk Officer (CRO) will lead the enterprise-wide risk strategy for a fast- growing NBFC, ensuring a robust, future-ready risk framework that supports sustainable growth across secured and unsecured lending portfolios. This role is responsible for developing risk governance, portfolio analytics, credit policies, and risk technology initiatives.

Client Details:

Our client is a Top NBFC in the Indian market

Description:

1. Credit Risk Management (Secured & Unsecured Lending)

- Lead policy formulation for underwriting, credit scoring, risk-based pricing, and portfolio management.

- Oversee credit approval frameworks for retail, MSME, consumer finance, and asset-backed loans.

- Monitor and manage portfolio quality, early warning systems, and stress testing frameworks.

- Build advanced analytics models (scorecards, LGD/PD/EAD models) to drive profitable growth.

2. Risk Strategy & Governance:

- Define and implement the organization's enterprise risk management (ERM) framework.

- Establish risk appetite in collaboration with the Board and senior leadership.

- Build and maintain governance mechanisms across credit, operational, market, and compliance risks.

- Drive adoption of risk-based decisioning across all business functions.

3. Collections & Fraud Risk:

- Strategize collection frameworks, loss forecasting, and recovery models.

- Establish fraud prevention controls, digital fraud monitoring, and risk intervention strategies.

- Build relationships with legal partners, agencies, and law enforcement to improve recovery efficiency.

4. Operational & Regulatory Risk:

- Ensure compliance with RBI guidelines applicable to NBFCs (Fair Practices Code, KYC/AML, Co-Lending, Securitization, Sourcing norms).

- Lead risk assessment for products, processes, and digital channels.

- Oversee audit readiness, reporting, and coordination with internal/external auditors.

5. Technology, Digital & Analytics:

- Lead digital risk transformation initiatives including automated underwriting, AI/ML-driven decision engines, and rule-based systems.

- Partner with technology teams to strengthen system controls, data integrity, and cyber risk measures.

- Drive implementation of risk reporting dashboards using BI/analytics tools.

6. Leadership & Stakeholder Management:

- Lead and mentor a high-performing risk team across credit, collections, fraud, and operational risk functions.

- Collaborate with business, product, and finance teams to balance risk with growth objectives.

- Present portfolio insights and risk assessments to the Board, investors, and regulatory authorities.

Profile:

- Minimum 16+ years in risk management, with extensive exposure to both secured and unsecured lending.

- Strong experience with retail lending, MSME finance, consumer loans, personal loans, business loans, and asset-backed products (LAP, auto, gold, two-wheeler, etc.).

- Proven track record of managing large loan portfolios at an NBFC, bank, or fintech.

- Demonstrated success in implementing digital underwriting, credit scorecards, and data-driven risk tools.

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