Head - Credit Risk - NBFC

This is regarding an opening for the position of Credit risk Head with a leading NBFC in Mumbai.

Responsibilities - 

- Monitoring economic and industry developments in specific sectors/sub sectors as well as financial parameters of clients to detect potential risk triggers and take appropriate steps to mitigate the same.

- Credit processing of lending cases: The profile would work as a funnel above the relationship manager and the credit manager. It would include delegated credit authority.

- The work involves managing a team of risk managers/ associates/ senior associates, to assess credit risk and suggest structures/ solutions for mitigating identified risks in the proposals to be put up to sanctioning authorities.

- Overall responsibility for the credit management function and oversee the underwriting / credit control of all loan files.

- Assist in the development of a new lending platform and assist in the establishing and updating all lending policies & guidelines.

- Responsible for the administration and direction of the credit department.

- Monitor performance of the loan portfolio and report to the Executive Management Team on a periodic basis.

Credit assessment shall cover:

- Assessment of companies by doing periodic data analysis, visits with the clients- sites so as to ensure that the quality of portfolio is maintained at optimum levels.

- Predicting tracking and raising triggers by following sound risk management protocols and adhering to regulatory requirements.

- Initiating any internal and external actions required to manage risks within defined levels at all times would also be required.

- Monitoring economic and industry developments as well as financial parameters of clients to detect potential risk triggers or signs of stress and taking appropriate steps to mitigate risks

- Highly entrepreneurial role working for a fast-growing early stage organization in a start-up environment, providing an opportunity to work on many new initiatives on the senior management agenda.

Requirements:

a) An MBA in Finance or a Chartered Accountant/ ICWA

b) Experience in a mid- level financial-management role, partnering with executive staff, resulting in the development and implementation of creative financial management strategies.

c) Working with Banks, NBFCs, Rating Agencies or Venture funds and exposure to SME funding would be useful.

d) Approximately 10-15 years of proven track record in similar roles.

e) Compensation would be commensurate to the relevant experience and would be benchmark/slightly higher than the industry

Debjani