Policy Manager/Policy Associate - Used Card & Two-Wheeler Loan

Policy Manager and Policy Associate for Used Card and Two-Wheeler

Position Responsibilities :

List in order of importance the major responsibilities of the job and the percentage of time spent on activities/Sub activities

1. Strategy formulation, product and policy design - 40%

- Should work closely with Sr Management and provide assistance on formulation and implementation of Risk strategy on Car loans

- Work closely with business team and provide concrete inputs on development and or improvement of existing product

- Devise credit and risk policy

- Management buy in and ensure implementation.

- Preparing SOPs on various aspects relating to the underwriting / credit

- Co-ordinating with IT team in the development of LOS / LMS

2. Portfolio Monitoring - 30%

- Devise information dashboards covering all aspects of portfolio and productivity and methodology for information dissemination at appropriate levels.

- Undertake periodic portfolio reviews with respective stakeholders to identify the bottle neck and make action plan.

- Anticipate risks due to change in business and regulatory environment and take corrective action

- Engage with local intermediaries to undertake detailed market survey.

- Identify areas of concern and pockets to maximize business opportunity

- Keep updated with market and industry specific changes and bring about changes in policy and product and maintain competitiveness

- Regulatory reporting to be done as per standards after checking

- Ensure control over credit loss in the portfolio

- Closely monitor flow of accounts and drive collection team to collect the accounts

- Ensure delinquency ratio within the permissible limits

3 Audit & Compliance - 20%

- Ensure Team is updated and trained with regards to risk and compliance norms

- Lead and engage with regulators for any kind of audits and inspection.

- Ensure minimum no of audit observation

- Devise the Risk Control matrix covering all the stages of process.

- Undertake periodic audit of branches to ensure process compliance and control effectiveness

- Identify the process improvement and standardization opportunities

4 Risk Budgeting, Hiring & Vendor Management - 10%

- Ensuring the Hiring is as per the budgeted numbers and attrition levels are minimal.

- Monitoring the vendor performance (Legal, Technical, CPV etc.) on regular basis.