Head - Risk Management - NBFC

NBFC | Head of Risk

10 - 12 Years of Experience

Candidates with a current CTC of - 80 LPA and above preferred

Location : Mumbai

Seniority : Leadership Role

Key Responsibilities:

- Own and drive the overall risk strategy, ensuring alignment with business objectives and regulatory expectations.

- Lead credit, fraud, portfolio, and underwriting risk functions to build a robust and scalable risk infrastructure.

- Anticipate and mitigate emerging risks using data-driven insights and advanced risk modelling.

- Define and continuously refine credit risk policies, scorecard strategies, and underwriting frameworks across product lines.

- Implement innovative and alternative data strategies to expand credit access while prudently managing risk.

- Oversee model validation, challenger strategies, and decision engine design.

- Drive continuous portfolio monitoring and early warning systems to ensure portfolio health and loss containment.

- Present portfolio and risk performance updates to the Board, Audit Committee, and regulatory stakeholders.

- Lead stress testing, scenario analysis, and provisioning strategies (e.g., ECL, IFRS 9, Ind AS 109).

- Collaborate with Business, Product, Data Science, Tech, Collections, and Compliance teams to ensure effective execution of risk strategies.

- Support growth initiatives by enabling sustainable scaling through smart risk-taking.

- Build and mentor a high-performing risk team across credit policy, analytics, fraud, and portfolio functions.

- Foster a culture of accountability, innovation, and data-driven decision-making

- Ensure adherence to all regulatory requirements and internal risk governance frameworks.

- Act as a key point of contact for regulatory audits, risk reviews, and partner due diligence processes

Requirements:

- 10+ years of experience in credit risk, portfolio management, or related functions in fintech, NBFC, bank, or lending institutions.

- Proven track record in scaling risk frameworks in unsecured lending or consumer credit.

- Strong understanding of credit bureau data, alternative underwriting, and risk modeling.

- Experience leading teams and driving strategic risk initiatives.

- Familiarity with regulatory frameworks (e.g., RBI guidelines, Ind AS 109 provisioning).

- Excellent stakeholder management and communication skills.

- Exposure to co-lending, securitization, and collections strategies is a plus.