StashFin - Head - Risk

Head - Risk

About Us:

Stashfin is a leading Indian digital lending platform (AUM ~- 2000 Cr) focused on revolutionizing credit access through technology. We offer diverse financial solutions and are committed to strong risk management for sustainable growth in a dynamic fintech environment.

Job Summary:

We seek a strategic Head of Risk Management (reporting to Head of Risk & Collections) to lead our enterprise-wide risk function.

You will develop, implement, and enhance the risk framework, ensuring compliance (RBI) and managing risk exposure within appetite for our fast-paced digital lending business.

Deep expertise in managing credit risk in a high-growth digital environment is crucial.

Key Responsibilities:

Risk Strategy & Framework:

- Oversee the development and implementation of the company's risk management framework, policies, and appetite, tailored for a digital-first business and aligned with objectives and regulations.

- Credit Risk Management Leadership

End-to-End Lifecycle Management:

- Oversee the entire credit risk lifecycle, from acquisition and underwriting through portfolio management to collections, particularly for unsecured digital loans and potentially secured products like Loan Against Property (LAP).

Underwriting & Fraud Prevention:

- Ensure robust underwriting automation, sophisticated fraud prevention mechanisms specific to digital channels (including application fraud, identity fraud), and continuous improvement of decision engine logic.

Policy & Scorecard Development:

- Actively participate in the refinement, approval, and ongoing validation of credit underwriting policies, risk assessment scorecards (statistical and judgmental), and automated decision rules, ensuring they effectively balance growth objectives with risk prudence.

Portfolio Monitoring & Analysis:

- Implement and manage comprehensive portfolio monitoring processes, including vintage analysis, delinquency tracking (DPD levels), roll rate analysis, segment-level performance tracking, and concentration risk limits (geographic, product, segment).

Dynamic Standards:

- Ensure adherence to dynamic underwriting standards informed by data analytics, portfolio performance feedback loops, and evolving market conditions.

Collections Strategy Oversight:

- Provide strategic direction and oversight for collection strategies, processes, and agency management, optimizing for efficiency and effectiveness while ensuring strict compliance with regulatory norms and customer TCF (Treating Customers Fairly) principles.

Early Warning Systems (EWS):

- Develop, implement, and monitor robust Early Warning Systems to proactively identify and mitigate emerging credit risks and potential portfolio deterioration.

Reporting & Insights:

- Analyze and report on key credit risk indicators including Gross Non-Performing Assets (GNPA), Net Non-Performing Assets (NNPA), Gross Credit Loss (GCL), Net Credit Loss (NCL), Expected Credit Loss (ECL), Provisioning Coverage Ratio (PCR), and overall Credit Cost.

- Provide deep-dive analysis and actionable insights specific to product lines, customer segments, acquisition channels, and vintages to senior management and risk committees.

Digital Lending Risk:

- Oversee risk strategies for digital products, monitoring channels, model fairness, cybersecurity, and digital partnerships.

Modeling & Data Science:

- Guide the development, validation, and monitoring of risk models (scoring, PD/LGD/EAD, ECL), leveraging data science/AI/ML for enhanced risk identification and fraud detection.

Regulatory Compliance:

- Ensure robust compliance with RBI regulations (esp. digital lending) and Ind AS (financial instruments, ECL, provisions, NPA recognition).

- Oversee regulatory reporting.

Operational & Other Risks:

- Oversee operational risk management (tech focus, BCP), collateral risk (LAP), market risk, liquidity risk, and ALM.

Leadership & Collaboration:

- Lead and mentor the risk team. Collaborate cross-functionally (Product, Tech, Finance) to embed a strong risk culture. Advise senior management.

Qualifications & Experience:

- Master's degree (Finance, Economics, Stats, MBA); CA/CFA/FRM desirable.

- 15+ years in core risk management (India Banking/NBFC).

- Proven risk leadership experience.

- Experience in organizations of relevant scale (~- 2000 Cr AUM).

Required Skills & Knowledge:

- Mandatory: Deep expertise in Credit Risk Management (full lifecycle).

- Mandatory: Proven experience and deep understanding of Digital Lending Risk (digital underwriting, fraud, alternative data, model risk).

- Mandatory: Strong understanding of Risk Modeling and Data Science/AI/ML applications in risk.

- Mandatory: Thorough knowledge of RBI NBFC regulations (incl. digital lending) and Ind AS (esp. Ind AS 109/ECL, provisioning, NPA).

- Expertise in operational, market, and liquidity risk.

- Deep familiarity with key risk metrics (GNPA, NNPA, ECL, PCR, Credit Cost, DPDs, etc.).

- Knowledge of secured lending (LAP) risk assessment.

- Exceptional analytical, quantitative, leadership, and communication skills. Strategic thinker.

Desired Skills:

- Experience with risk management software/LMS/BRE.

- Experience interacting directly with RBI.

What We Offer:

- Senior leadership role with significant impact in a leading, fast-growing fintech NBFC.

- Opportunity to shape the risk function in an innovative environment.

- Competitive compensation and benefits.

- Dynamic work culture.