Description:
Key Responsibilities:
Risk Management & Policy Development:
- Develop, implement, and continuously enhance credit risk policies, scorecards, decision engines, and AI/ML models that integrate real-time analytics, bureau data, and alternative data sources for automated digital underwriting.
- Lead the creation of risk policies that align with business goals and regulatory guidelines, particularly in digital
Lending business.
Portfolio Monitoring & Credit Assessments:
- Conduct regular credit assessments and monitor portfolio performance, focusing on NPAs, PAR, and other relevant risk metrics.
- Perform stress testing and execute risk mitigation strategies to address emerging risks.
Regulatory Compliance & Risk Mitigation:
- Ensure full compliance with RBIs digital lending norms, including KFS, APR disclosures, FLDG caps (5%), data privacy, and fraud detection mechanisms.
Collaboration with Cross-Functional Teams:
- Collaborate with business, technology, underwriting, collections, and compliance teams to optimize and automate risk decision-making processes.
- Lead initiatives for continuous improvement in operational efficiency, particularly in risk management and compliance areas.
Reporting & Stakeholder Management:
- Provide risk insights and regular reports to senior leadership and the Board, highlighting risk exposures, portfolio trends, and innovative approaches to managing digital lending risk.
- Advise senior leadership on emerging risks, market conditions, and regulatory changes impacting digital lending operations.
Recovery & Loss Prevention:
- Oversee the recovery process for delinquent accounts and manage model validation efforts.
- Ensure that operational controls are in place to minimize losses and maintain business resilience.
Required Qualifications and Experience:
Education:
- CA, MBA (Finance), or an equivalent qualification.
- Deep knowledge of RBI NBFC and digital lending guidelines.
Experience:
- 10-18 years of experience in risk management, with at least 7 years of experience in digital lending or credit risk management at NBFCs, banks, or fintech companies.
- Proven leadership experience managing pan-India risk teams and collaborating across functions.
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