Groww - Risk Manager - Portfolio Management

Risk Manager - Portfolio Management

COMPANY VISION :

We are making finance simple. For millions in India.

Groww is on a mission to democratize access to financial services for millions of Indians responsibly. We are a customer-first company. We believe in crafting the best and most delightful user experience for our customers. And we leverage first principle thinking and technology to solve problems at scale. If this excites you, join us.

About Groww :

Groww is India- s fastest-growing investment platform. Our long-term vision to become the trusted money partner of ~100M Indians with core products in investment & banking. Groww was founded in 2016 by alums from Flipkart, ICICI, IITB, IITD, BITs Pilani and is backed by marquee investors like Tiger Global, Sequoia Capital, Ribbit Capital, and Y Combinator.

OUR VALUES :

- We take pride in our values and hold ourselves to a high standard on:

- Radical customer centricity

- Simplicity in our products and personalities

- Transparency on everything

- Long term thinking

- Ownership driven culture

Purpose:

- The Senior Manager-Banking Risk (Portfolio Management) profile expected to contribute to the strategic direction of the NBFC through the development and implementation of Risk Management strategies, policies and procedures, portfolio monitoring covering -

- Portfolio management Framework for unsecured loans.

- Top up policy establishment and monitoring

- Loss management (ECL)

- Engagement with Partners for co-lending portfolio review.

- Engagement with business to identify business opportunities.

- Identification and Review of Marginal segments and best performing segments

- Controllership on Bounce/delinquency metrics to maintain defined NPA for the portfolio.

- Providing support in building robust risk monitoring system with testing of multiple scenarios.

- Audit of Approved and disbursed cases to ensure adherence of the policy rules

- Collection metrics tracking and liasioning with inhouse & partner collection team.

- Engagement with Bureau and other vendors to incorporate robust policy framework.

- Management risk review pack on Portfolio

- Defining SOP's on Top up program and multiple portfolio metrics tracking with reporting.

- Engagement with Compliance and legal teams to ensure adherence of RBI guidelines pertains to Lending business.

Key Responsibilities: The position is involved with defining the strategies associated with Credit, Collections, Operational and Risk containment risks, with the focus being Credit & Collections Risk.

Key responsibilities being :

- Portfolio Management

- Evaluate different risk metrics i.e Bounce rate/0+/30+/90+ to keep control on early delinquencies.

- Regular Through the door Monitoring on fresh acquisition.

- Controllership on portfolio mix

- Timely identification of Marginal segments to keep control on sourcing quality and Identify business opportunity in better segments to increase good portfolio size.

- Develop customer Risk segmentation as a part of policy framework to identify cohorts.

- Responsible for Top up, Operation and Risk containment policy framework

- Regular Interaction with business, credit and collection team to improvise policy parameters.

- Develop predictive dynamic monitoring procedures/system for Risk Management Department.

- Prepare monthly Risk review Decks for required reporting.

- Automated Risk dashboards to be developed for regular monitoring and reporting

- Need to work on ECL to define threshold metrics for portfolio. Preparation of loss forecasting to meet the required thresholds.

- Responsible for contacts with external authorities, for Risk Management matters and for meetings with management, Board, and other related companies, to obtain the most updated risk management information.

- Coordinate with other departments such as Credit, IT, Operations, Finance/Accounting, Treasury, Legal, Compliance, to create an efficient and effective communication via the functional lines.

- Support in collections strategies with developing policy, process, and framework for Write off, settlements, restructuring & recoveries in adherence to RBI guidelines.

Risk Asset Review :

- Review of individual credit risk in accordance with the established Credit Rating System and Credit quality assessment

- Ensure that the NBFC- s Risks are properly addressed in terms of compliance with existing rules and regulations established by regulators.

- Ensure that classified loans are reported and properly administered in the system.

- Determine the capital requirements and provisions for each of the product's activities to ensure sufficient provision on the book at all time.

Other job-related requirements :

- In depth understanding of lending portfolio risk metrics and their implications.

- Define and manage exposure limits as defined by regulator

- Demonstrate proficiency with Risk Management practices including policy/procedure development.

- Excellent at analytical and problem-solving skills. Must be well versed with Advanced Excel.

- Ability to prepare and analyze comprehensive reports as and when required.

- Excellent communication, organizational and managerial skills.

- Having high ethical standards and integrity in both personal and professional dealings.