Risk Manager - Housing Finance

Job Title: Risk Manager - Housing Finance - Mumbai

Job Responsibility:

1. ECL Model Development & Monitoring:

- Design, build, and validate Expected Credit Loss (ECL) models in line with IND-AS 109.

- Develop PD, LGD, and EAD models using internal data and macroeconomic overlays.

- Ensure periodic back-testing, model recalibration, and documentation.

2. ICAAP Framework & Reporting:

- Lead the development and annual review of the Internal Capital Adequacy Assessment Process (ICAAP).

- Identify material risks, conduct stress testing, and prepare ICAAP reports for board and regulatory submission.

- Work with finance and business teams to assess capital requirements under base and stressed scenarios.

3. Risk Modelling & Analytics:

- Build quantitative models to assess credit risk across different borrower segments and geographies.

- Perform portfolio segmentation and early warning signal (EWS) modeling.

- Contribute to the development of scorecards and risk rating models.

4. Regulatory Compliance & Risk Governance:

- Ensure compliance with NHB/RBI guidelines related to credit risk and capital adequacy.

- Support internal and external audits, including model validation and regulatory reviews.

- Maintain detailed documentation and model governance standards.

5. Cross-functional Support:

- Collaborate with Credit, Collections, Finance, and Tech teams to gather data, automate models, and integrate into core systems.

- Provide insights and support risk-based decision making for new product launches and policy changes.

Key Skills:

Mandatory:

- 3-5 years of experience in credit risk modeling, ICAAP, and ECL development.

- Knowledge of IND-AS 109, Basel norms, and regulatory frameworks for NBFCs/HFCs.

- Excellent analytical, communication, and documentation skills.

Industry: Housing Finance Companies/ NBFC/ Financial Services

Gender: Open

Experience: 3-5 years in credit risk modelling, ECL, and ICAAP (preferably in NBFC or Housing Finance sector)

Job Location: Andheri East, Mumbai

Working Days: 5 days

Reporting to: Head - Risk

Qualification: Chartered Accountant/Master's degree in Statistics, Economics, Finance, or related field; professional certifications (FRM, CFA) preferred

Notice Period: Immediate to 60 days

Relocation candidates: No