Key Responsibilities

1. Risk Policy Development & Implementation

- Develop, implement, and manage comprehensive credit underwriting and risk policies for consumer loan products (Personal Loans, Merchant Lending, and Gold Loans)

- Design and establish risk frameworks that align with organizational objectives and regulatory requirements

- Create policy documentation, guidelines, and standard operating procedures for credit risk management

- Review and update policies periodically based on market dynamics and regulatory changes

- Drive policy adoption across the organization and ensure consistent implementation

2. Risk Framework & Governance

- Establish risk governance structures and oversight mechanisms across consumer lending operations

- Define risk appetite statements and tolerance levels for different loan products

- Create risk mitigation strategies and contingency plans

- Develop escalation procedures and exception management policies

- Conduct regular policy audits to ensure compliance and effectiveness

3. Portfolio Risk Oversight

- Monitor overall credit risk performance across consumer loan portfolios

- Analyze risk trends and patterns to identify emerging risks

- Develop corrective action plans based on portfolio performance insights

- Ensure adherence to policy guidelines in credit decision-making

4. Collaboration with Cross-Functional Teams

- Partner with product and underwriting teams to embed risk policies in loan offering design

- Collaborate with compliance teams to ensure regulatory alignment

- Work with collections and recovery teams to develop post-disbursement risk management strategies

- Engage with senior leadership on risk reporting and policy recommendations

5. Regulatory Compliance & External Engagement

- Ensure all credit risk policies comply with RBI guidelines and applicable financial regulations

- Stay updated on evolving regulatory requirements and industry best practices

- Prepare and maintain risk documentation for regulatory reviews and audits

- Represent the organization in regulatory discussions and compliance matters

Minimum Qualifications & Requirements

1. Qualification

- Bachelor's or Master's degree in finance, Economics, Commerce, or Business Administration

2. Experience

- 4+ years of credit risk management experience, preferably in NBFC, fintech, or digital lending organizations

- Proven expertise in underwriting policy creation and credit risk governance

- Demonstrated experience in policy formulation and implementation

3. Core Competencies

- Deep understanding of consumer credit risk principles and credit underwriting standards

- Strong knowledge of regulatory frameworks for consumer lending (RBI guidelines, NBFC regulations)

- Excellent analytical and problem-solving skills

- Ability to interpret complex financial data and translate insights into policy recommendations

4. Technical Knowledge

- Working knowledge of SQL/Excel for data analysis and reporting

- Familiarity with credit risk measurement concepts and methodologies

- Basic understanding of statistical concepts in risk assessment

Preferred Attributes

- Prior experience in policy formulation and governance roles

- Familiarity with NBFC or fintech lending ecosystems

- Knowledge of credit risk models and their application in policy design

- Experience in regulatory compliance and audit processes

- Understanding of consumer credit market trends and risk dynamics