Given below the position details with a Leading Bank :

Job Title - Risk Lead-Digital Lending (Personal Loan)

Function - Retail Business Risk

Place of work - BKC Mumbai

About the Role:

- The Risk Lead - Digital Lending (Personal Loan) will be part of the Retail Business Risk function. Based in Mumbai, this role is responsible for creating and implementing risk policies for the Digital Lending - Personal Loan vertical and monitoring the performance of the sourced portfolio.

- The incumbent will assess, manage, and report risks, ensuring that the asset portfolio aligns with the bank's risk appetite. The role also includes preparing risk assurance reports and providing strategic insights to senior management to support broader business objectives.

Key Responsibilities:

Primary Responsibilities:

- Evaluate product programs and policies to ensure compliance with regulatory guidelines and establish strong controls across onboarding, credit, operations, fraud, and reputational risk.

- Monitor portfolio delinquencies at a granular level, identifying high-risk segments, locations, and customer profiles.

- Ensure adherence to internal credit policy and risk governance frameworks.

- Facilitate the implementation of technological solutions such as scorecards, digital journeys, and automation to streamline risk processes.

- Define and shape the product's risk appetite in alignment with growth objectives and the bank's risk appetite framework, including risk-based pricing.

- Use analytics to track portfolio performance trends and identify early warning signals.

- Serve as a policy expert and conduct training sessions as required.

- Partner with underwriting, sales, and product teams to incorporate market feedback into proactive policy actions.

- Ensure compliance of internal regulatory frameworks across the assigned loan business.

- Manage vendors supporting risk-related processes.

Secondary Responsibilities:

- Promote the use of market intelligence and data analytics to support growth and profitability.

- Stay updated on global market trends and competitor strategies in key markets.

- Lead initiatives to reduce operational costs and improve profitability.

Experience:

- Strong experience in retail banking, with a focus on digital lending, personal loans, and risk management within BFSI industry.

Skills and Attributes:

- Strong understanding of credit risk, regulatory compliance, and digital lending frameworks.

- Proficiency in data analytics and risk reporting tools.

- Experience in implementing digital solutions and automation in risk processes.

- Excellent communication and stakeholder management skills.

- Ability to lead and mentor teams, drive operational excellence, and attract top talent.

- Strategic mindset with a focus on innovation and continuous improvement.