Head - Credit Risk - Banking

Job Title: Head - Credit Risk (Commercial Vehicle & Tractor Business)

Department: Credit Risk Management

Reports To: Chief Executive Officer (CEO)

Job Purpose:

To oversee and manage the credit risk associated with the commercial vehicle and tractor financing portfolio of the NBFC, ensuring optimal risk-reward balance, compliance with regulatory guidelines, and safeguarding the company's assets.

Key Responsibilities:

Risk Assessment and Analysis:

- Conduct comprehensive credit risk assessments for commercial vehicle and tractor loan applications.

- Develop and implement credit risk models specific to the commercial vehicle and tractor industry.

- Monitor portfolio trends and identify potential areas of concern or opportunity.

Policy and Procedure Development:

- Review, update, and formulate credit risk policies and procedures specific to the commercial vehicle and tractor business.

- Ensure alignment with regulatory requirements and industry best practices.

Credit Decisioning:

- Provide guidance and oversight to credit underwriting teams.

- Review and approve credit limits, terms, and conditions for commercial vehicle and tractor financing.

Portfolio Management:

- Monitor portfolio quality, delinquency trends, and credit losses.

- Implement strategies to mitigate credit risk and enhance portfolio performance.

Stakeholder Collaboration:

- Collaborate with sales, operations, and finance teams to ensure cohesive risk management strategies.

- Engage with regulatory authorities and external auditors on credit risk-related matters.

Reporting and Analytics:

- Prepare and present regular credit risk reports to senior management and board committees.

- Utilize analytics tools and techniques to derive insights and inform strategic decisions.

Team Leadership and Development:

- Lead, mentor, and develop a high-performing credit risk management team.

- Foster a culture of continuous learning, innovation, and risk awareness within the team.

Qualifications and Experience:

- Bachelor's/Master's degree in Finance, Economics, Risk Management, or related field. An advanced degree or certification (e.g., FRM, CFA) is a plus.

- Minimum of [14 years] of experience in credit risk management within the NBFC sector, with a focus on commercial vehicle and tractor financing.

- Strong understanding of credit risk models, regulatory guidelines, and industry dynamics.

- Proven leadership skills with the ability to drive results in a dynamic environment.

Competencies:

- Strong analytical and quantitative skills.

- Excellent communication and interpersonal skills.

- Strategic thinking and decision-making abilities.

- Attention to detail and risk awareness.

- Ability to work collaboratively and influence stakeholders.