Head - Credit Policy - Unsecured Loans - Banking

Position Overview

Job Summary/Accountability:

1. Formulation, maintenance and monitoring of Loans Credit Policies/ Frameworks/ Algorithms.

2. Building robust & actionable Portfolio Quality monitoring & review mechanism.

3. Automation of underwriting decision management.

4. Minimization of operational losses due to frauds.

Major Deliverables:

Formulation/ Review and administering implementation of Loan Credit Policies

Frameworks/ Algorithms - Co-coordinating, facilitating discussion & obtaining sign-off - with relevant stake-holders  such as Product Team, Sales Team, Risk & Analytics.

- Building robust / actionable Portfolio Quality monitoring & review mechanism.

- Regular presentations to Senior Management on Portfolio Quality movement with specific recommended action areas.

- Obtaining sign-offs of relevant stake-holders and ensuring implementation of action items  Agreed during the Portfolio Reviews.

- Conversion of algorithms parameters into rules to be configured into the automated underwriting decision management eco-system. Interacting with the Systems Team for testing and deployment of the rules.

- Training interventions, wherever required, on parameterized decision management.

- Providing clarifications to the Policy related queries raised by Underwriters/Sales Teams.

- Making amendments to policies/ algorithms / frameworks, wherever required and getting those approved by Competent Authorities/Stake-holders/Departments.

- Preparation, launch and monitoring of Pilot Schemes for limited period/geography in consultation with Product/Analytics and Risk Teams. Publication of periodic MIS regarding  the same.

- Conducting Hindsight audits for the disbursed cases to ensure process adherence and  publishing non compliance reports for the erring locations

- Compiling & submitting compliance/ audit related reports

- Ensuring constant improvement of processes/ work-flows for improvised end to end TAT. Carrying out fraud analytics with the help of Analytics Team and optimizing fraud detection & prevention frame-work.