Tata Capital - AVP - Operational Risk

Job Purpose : 

To manage the risk dynamics for the company's mortgage portfolio by developing proactive risk mitigation actions.

Responsibilities : 

Core Responsibilities :

- Manage the risk/reward dynamics for the company's mortgage portfolio by reviewing and suggesting changes in credit policies, product parameters, processes and related guidelines thus establishing overall lending guidelines

- Develop and formulate acquisition/portfolio policies and conduct analysis to fine-tune the acquisition/portfolio management strategies in order to optimize risk and reward trade-off

- Closely monitor economic & social environmental factors that would impact to portfolio credit performance and develop proactive mitigation actions

- Review/suggest changes/modification in documentation processes, forms and guidelines for the mortgage profile and ensure all processes are in compliance with company policies and requirements set out by the local as well as lead regulator through effective execution of control programs.

- Provide functional support on all risk matters to business teams driving proper execution of risk control and portfolio actions.

- Manage and monitor portfolio quality, undertaking periodic portfolio and collection reviews for the business and monitor the branches on triggers.

- Undertake monthly reviews based on portfolio MIS and manage triggers, taking decisions on portfolio basis the triggers.

- Partner with the business team in the identification, market selection and sales zoning from risk perspective.

- Identify and analyze risks (economic, social, political, etc) related to broader loan portfolio; ensure portfolio diversification and quality across activities and area

- Participate in the development and monitor the effectiveness of statistically validated risk mitigation tools

- Drive innovation in methods of identifying and quantifying extant risks as well as emerging and developing risk trends in the market

- Liaising with Functional Heads on Risk and Control Self- Assessment (RCSA), Key Risk Indicators (KRI), Key Performance Indicators (KPI), operational errors/ incidents, risk acceptances and operational risk events on behalf of the BDTS for tracking, appropriate action and closure

- Coordinate with various functions and other department to collate & check all regulatory data required as part of Risk based supervision

- Enable training on credit / risk fundamentals and processes including origination, credit approval, collection, documentation and disbursement processes

- Support & coordinate with training team for credit / risk related modules by designing training modules to ensure policy and processes training is easily understood by the teams so as to discharge their responsibilities.

- Provide senior management with clear insights into the factors driving the risk profile of the portfolio; provide forecasts of future performance and identify means of mitigating key risk factors.

- Develop analytics in collaboration with leaders across the mortgage business to assist in product development and pricing strategies, driving business growth and ensuring prudent risk/return balance.

- Liaising with Technology teams for Information System Risk, Operational Errors due to Technology, Root Cause Analysis, IT Security Risk, Impact Analysis for Risks at granular level for Technology Incidents and Problems, etc

- Liaising with Technology Vendors for Third Party Information System Risk, Technology Vendor Risk

- Review all technology related policies, coordinate with various functions and assist them in drafting various processes

- Working with Technology stakeholders (including Production Support and Development teams) to identify the top technology IT risks and formulating appropriate remediation strategies based on full understanding of business exposure and compensating controls.

- Executing IT risk assessment reviews, identifying controls gaps and working in collaboration with subject matter experts to devise appropriate mitigation plans.

- Identifying key risk trends, issues and other insights requiring further investigation and following up with Technology as appropriate.