Senior Vice President - Independent Risk Approver - Bank

Senior Vice President- Independent Risk

The Independent Risk Approver would be responsible for credit assessment, approval and monitoring of all credits in the portfolios under his ambit. These would be SME/MME customers/business from target market segments.

In order to function effectively, the Independent Risk Approver should have an acute understanding of varied SME and MME businesses and the key success factors within each of the key industry segments. This is essential so that decisions can be taken in a well-informed, timely and balanced manner.

The individual is expected to play a leadership role in implementing the risk culture within the region covered - a risk culture that places premium on timely decisions to meet customer expectations, rigorous portfolio monitoring and early identification of credit trends so that optimum account strategies can be devised and effectively implemented.

Other key result areas that form part of the said role are contributing towards design and implementation of an overall risk management framework and providing support/training to colleagues on nascent risk topics / policies, etc. to build risk awareness within the unit.

The person is also expected to be a team player and contribute effectively through projects and additional responsibilities which may arise from time to time.

Business/Department Objectives :

- Assist the Business in establishing risk management practices for the approval, measurement, reporting, monitoring, control and analysis of risk

- Establishing a risk management culture that promotes good analysis, judgment, flexibility and balance between risk and reward

- Undertaking approvals of credit proposals for customers from the CCB target segment

- Performing proactive risk management of transactional and portfolio activities; monitoring the credit risk performance of portfolios

Key Responsibilities:

Approvals :

- Providing independent review and approval of extensions of credit

- Exercise independent credit underwriting decisions - as per delegated credit authority

- Ensure compliance with the risk framework, policies and regulation

Monitoring :

- Monitor the trending of customers- business - this will include doing independent research on the industry segments, collating feedback from trade and industry leads, meetings with customers, et al.

- Assist in implementing the Early Warning process so that credit related trends are identified early-on

Oversight Activities :

- Credit oversight activities on ongoing basis which includes tracking of limits expiries, renewals, etc.

- Review and approval of criticized portfolio; formulation of account strategies and supporting remedial activities

- Facilitate accurate risk related reporting - such as BASELIII / other regulatory on a need basis and regional reporting

Audits and Reviews :

- Participate in Audits/Reviews - internal, regulatory, etc.

- Ensure accurate portfolio risk data reporting

Financial/Budgetary :

- Minimizing cost-of-credit through sound credit approval and alert monitoring - and leading implementation of account strategies

Individual Contributor (IC)/Managerial :

Managerial

- For the right candidate we could look at enhancing the regional scope and provide a resource for the same

Key Deliverables :

- Engagement with all stakeholders for development and implementation of risk framework for Commercial

- Play a leadership role in upholding and promoting the risk culture in the region covered and promoting best lending practices in Commercial Risk

- Undertaking industry studies and disseminating the learnings to the colleagues in a formal as well as informal manner

- Providing training support to team colleagues and Business partners

Relocation : No

Qualifications

Education :

- Required: Master's in Business Administration in Finance or Chartered Accountant

- Preferred: From a reputed management institute or rank holder

Experience :

- 10-15 years or more in banking/credit lending experience in Credit/Risk Management

- Good understanding of trade, Fx, derivatives and monitoring skills in the relevant field is essential

- Preferably in the geography covered by the job location

Certifications :

- Preferred: CFA or equivalent

Skills :

- Sound industry knowledge

- Keen ability to understand financial and management accounting aspects

- Excellent communication skills

Other :

- Ability to take balanced decisions - and work in a time bound manner

Organizational Relationships:

- Reports to: Senior Risk Approver for the region

Partnerships :

Internal : Business - Sales Officers and Relationship Managers, Credit Analysts in the Credit Lending Unit, CRMS, Product, Compliance and Legal

External : Promoter and key management personnel of customers, Vendors empanelled with The bank, Bankers on a need basis, Regulators on a need basis

Career Progression :

- Independent Risk follows a merit based approach towards career progress - it facilitates a culture of adequate trainings and self-learnings that would decide the career progression within the Unit.