Northern Arc Capital - Associate/Senior Associate - Risk Monitoring

JOB DETAILS :

Position Title : Associate / Senior Associate- Risk Monitoring

Reporting To : Head of Risk Monitoring

Company : Northern Arc Capital Ltd (Formerly IFMR Capital Finance Ltd)

Location : Chennai

Organizational Overview :

Northern Arc Capital Ltd is a Non-banking finance company with an objective to provide efficient and reliable access to debt capital for the institutions that impact financially excluded households and enterprises. It is engaged in providing diversified financing options, particularly from the debt capital markets to institutions (- Originators- ) that provide microfinance, SME finance, affordable housing finance, vehicle finance, agricultural finance etc. Some of the products offered by the Company to such Originators are loans, working capital, securitisation, non-convertible debentures, commercial paper, redeemable preference shares, guarantee backed structures etc.

Northern Arc's strategy involves identification of high growth Originators with strong corporate governance, incentive alignment through subordinate investment, innovative structured finance products and robust risk monitoring through proprietary analytics models and on-the-field presence. We currently work with over 110 Originator partners and over 100 investors and have impacted more than 25 million borrowers across 530 plus districts in 30 states and Union Territories.

Our Mission: To enable access to finance for the underbanked

Our Vision: To be a trusted global platform that enables flow of finance from providers to users in a reliable and responsible manner.

Our Values :

- Ethical : we adhere to a shared code of ethics and high standards of professional conduct

- Responsive : we are nimble and quick to adapt, learning and evolving as we go

- Innovative : we push the frontiers of finance through knowledge and innovation

- Empathetic : we understand the needs of our stakeholders and are aligned with them

- Resolute : we are unwavering in our commitments and stand by them

For more information, please visit - http://northernarc.com

JOB OBJECTIVE :

Risk Management at Northern Arc (formerly IFMR Capital) combines extensive field coverage of our partner entities with in house risk analytics and modelling using more than 6 million data points for proactive risk management

KEY ACCOUNTABILITIES:

- Post-investment monitoring : Periodic risk monitoring of partner companies (mostly NBFC-MFIs), post investment in these entities and reporting on any warning signals or signs of deterioration in quality of operations, management, financial position, governance etc.

- Visiting partners and working with their top management and operations team to identify potential risk areas. These risks may be in corporate governance, quality of field operations, human resources, MIS, underwriting, security creation, operations, collections, monitoring and control systems or financial health of the entity. In case of risks identified, make recommendations on possible measures to mitigate / avoid such risks through process changes etc. and monitor progress.

- Adding to the body of understanding of asset classes in which Northern Arc is working with a focus on microfinance, by participating in due diligences with origination team, participating in credit committee meetings, research or any secondary study.

- Monitoring sector level risks in microfinance and recommending necessary course of action at an entity, geography and sector level as well as engaging with other stake holders such as the NBFC MFIs, other investors, credit bureaus, MFIN etc. to drive consensus around prudent business and risk management practices in the sector

- Refining existing and developing new risk management models, framework and tools.

- Engage closely with other teams in the risk function such as risk analytics and risk modelling to for macro issues relating to understanding of sector risk as well as micro issues relating to client reporting for structured finance transactions, overdue analysis etc. and analysis of data repositories such as transaction data and credit bureau data.

PERFORMANCE INDICATORS :

- Financial analysis skills to analyse partner entities such as NBFC MFIs

- Detail-oriented, good prioritisation skills, pro-active and, goal-oriented;

- Ability to provide clear, succinct and timely reporting and risk analysis;

- Excellent written and verbal communication skills in English;

- Strong computer skills (Excel, PowerPoint, and Word);

- Knowledge of some vernacular languages would be a positive

SPECIFICATIONS : QUALIFICATIONS, EXPERIENCE, & COMPETENCIES :

Minimum Qualifications :

- Master's degree or equivalent qualification in Finance, Business, Economics, Agri or Development.

Experience :

- Significant experience in Microfinance, Micro SME Underwriting with exposure to various functions in the business.