IndusInd Bank - EWS Analyst

EWS Analyst - Mumbai

- The role entails being a team player in the credit monitoring activities at a Bank level. The Early Warning Systems team engages with different verticals such as Corporate and Commercial Banking and Business Banking verticals.

- The most important remit of the Early Warning Systems team is to run approved processes and engage with various teams at the Bank to identify incipient signs stress in the corporate and business banking portfolio by proactively monitoring triggers across financials, transactions and public EWS signals.

- The team members closely collaborate with the EWS Systems partner and with internal teams at the Bank, including the technology team, to ensure efficacy of the EWS/RFA processes, automations carried out, alerts triggered and identify accounts that needs to be closely monitored.

- The team is also vested with the responsibility of identifying Red Flag Accounts, an important regulatory requirement, by ensuring full compliance with the early warning signals/RFA policy framework.

Primary Responsibilities:

1. Analysis and validation of EWS alerts based on close tracking of borrowers and portfolios

2. Contribute in analysis for identifying borrowers at the Bank that need close monitoring and for identifying Red Flag Accounts, engage with business and credit teams, putting together presentations to internal committees and summarising the deliberations thereof, through minutes of meetings

3. Tracking of cases generated in the case management portal and tracking them to closure by engaging with business and credit teams

4. Executing checklists to ensure effective EWS system functioning and highlighting any issues in the production environment

5. Undertake UAT of any bug fixes, enhancements and refinements, obtain necessary internal stakeholder buy-ins and facilitate deployment in production

6. Enhancements to and refinement of alert library, alert definitions and thresholds to ensure relevance and purposefulness in decision making

7. Generation and maintenance of account-official mappings and periodically updating them in the platform to ensure the mapping stays current

8. Tracking of exposures and generating list of counterparties to be included in the EWS system for monitoring based on exposures, on an ongoing basis

9. Validation of inferences generated from the EWS system and maintaining a record of the same, for future reference

10. Contributing in further refinement of the analytical framework underpinning the EWS platform

11. Validation of private internal raw data basis which the alerts are triggered for the private risk signals in the EWS platform, on an ongoing basis

12. Ensure and validate periodically, effective integration of internal systems with the EWS platform for correct spreading of financial data towards generation of financials based alerts and for ensuring all aspects of private transaction specific alerts are appropriately triggered

13. Receive feedback from Business and credit teams to validate relevance, accuracy and correctness of alerts particularly, the public signals based ones

14. Maintain documents/records towards effective engagement for regulatory and statutory audit exercises

15. Generation, analysis and validation of reports from the EWS platform

16. Be abreast of regulatory guidelines and master circulars

Desired Candidate Profile:

1. CA/MBA from an institute of repute

2. The ideal candidate would have hands on experience in the corporate (incl. SME) credit function in a Bank/NBFC/rating agency for a couple of years and in the monitoring function of a Bank or Financial Institution also, for at least two years

3. Conversant with risk policies, a fair understanding of the regulatory framework in which the Banks in India operate, ability to comprehend and analyse complex financial statements, perusing proposal notes, analysing large volumes of data and bringing an analytical orientation in generating and presenting key insights of borrowers/segments

4. A team player who can communicate cogently, work under pressure, quickly assimilate & learn and employs a collaborative approach to getting things done

5. Resourceful, self-driven and ability to engage/co-ordinate with multiple teams across the Bank in accomplishing the teams tasks efficiently