Head - Risk Policy - BFSI/NBFC

Key Responsibilities:

- Design, develop, and implement a comprehensive risk management framework aligned with organizational goals and regulatory requirements.

- Define and roll out risk policies, credit underwriting processes, and portfolio management strategies for secured and unsecured lending.

- Establish risk appetite thresholds and monitor risk exposures accordingly.

- Evaluate and recommend acceptable risk-reward trade-offs for new and existing products.

- Utilize data-driven and statistical models to improve credit decision-making, fraud detection, and loss mitigation.

- Oversee portfolio performance metrics and implement corrective actions where needed.

- Design and implement early warning systems and recovery strategies for defaulted loans.

- Collaborate with technology and analytics teams to implement tools and platforms for better risk assessment and monitoring.

- Lead initiatives for digitization and automation of loan origination, underwriting, and monitoring systems.

- Ensure compliance with regulatory guidelines, internal audit recommendations, and risk governance frameworks.

- Support internal and external audits by providing insights and implementing necessary changes based on findings.

- Analyze financial and risk indicators across the lending portfolio: revenue, collection efficiency, provisioning, NPA, and write-offs.

- Present risk findings and mitigation strategies to senior management and relevant stakeholders.

- Build and mentor a high-performing risk and credit policy team.

- Promote a risk-aware culture across departments and ensure regular training on credit risk policies and compliance.

Key Performance Indicators (KPIs):

- Successful implementation of the risk framework and key policies

- Regulatory and internal compliance scores

- Delinquency rates, NPA trends, and recovery effectiveness

- Implementation of early warning signals and system improvements

- Quality and timeliness of portfolio risk reporting and analytics

- Audit observations closure and process strengthening

- Team capability building and retention

Requirements

- 5+ years of experience in retail credit risk, policy formulation, or related roles in NBFCs/Banks/Fintechs.

- In-depth knowledge of credit risk principles, lending products, and risk analytics.

- Hands-on experience with statistical scoring models, credit systems, and regulatory compliance.

- Strong leadership and stakeholder management skills.

- Excellent analytical, strategic thinking, and communication skills.

Educational Qualification

- Bachelor's/Master's degree in Finance, Economics, Business Administration, or a related field.

- Professional certifications in Risk Management (FRM/PRM/IRM) are a plus.