Vice President - Risk Strategy - BFSI

Overall purpose of role

The purpose of the BUK Risk Strategy team is to drive value through appropriate Risk Management of relevant credit risk analytics and strategies for the portfolios allocated.

- The role will lead an activity (e.g. Acquisitions, ECM, Collections Strategy, HRAM, Impairment, Fraud Strategy, Portfolio & Controls) within that portfolio.

- It will be responsible for ensuring that we maintain return hurdles and drive optimized strategies within approved risk appetite.

- It will involve producing necessary MI and deep-dive analysis to arrive at appropriate conclusions.

- It will be required to present these conclusions at appropriate forums.

- This is a senior role. The role holder will need to build necessary business consensus for the actions necessary to keep the portfolio healthy. This includes cross-functional discussions with Operations, Finance, Commercial, Technology, Bureaus, internal and external auditors.

- The role holder will need to line-manage and mentor junior team members as required.

- They will also need to drive a culture of continuous improvement and maintain an effective working relationship with stakeholders across functions and locations.

Key Accountabilities

Planning (20%)

- Work with portfolio and business seniors to develop high-level strategies for the team.

Provide best-in-class analytics (30%)

- Decide are priorities in line with overall business priorities, and get agreement within Risk and across business towards these priorities.

- Transform high-level priorities into focussed and specific requirements

- Synthesise analysis results to inform business issues

- Extend/ modify analysis based on observations/ knowledge of data and limitations, and implications of results

- Present and communicate results to Senior Management and drive stakeholder discussions

- Contribute to business development activities

Stakeholder Management (30%)

- Work with Operations, Fraud, Collections, Technology, Commercial, Finance and other relevant teams. Ensure that they understand and support the requirement of robust risk management while meeting their other objectives.

- Set up a robust 2-way feedback process. Drive the appreciation of the need for inclusiveness. Ensure that the India colleagues are part of the larger team, and not treated as outsiders.

Team and Site Leadership (20%):

- Contribute to the wider colleague agenda of the BUK Risk Strategy India Hub

- Develop a high performing team through support / challenge / direction of junior team members including 1-downs.

Stakeholder Management and Leadership

The key stakeholders of this role will be

- The other members of the CRO team

- Collections, Fraud and other Operations teams

- The Commercial team

- Strategic Analytics team

- Finance

- Risk & Governance

The person will need to work effectively with colleagues at senior levels across these functions to achieve shared business objectives. This includes sharing analytical insights, and presenting / defending these conclusions in appropriate formal and informal forums. The person will also need to ensure that the stakeholders understand and support the requirement of robust risk management while meeting their other objectives.

Decision-making and Problem Solving

This is a very high-skilled job. It requires deep understanding of the portfolio, process, risk appetite, P&L and regulatory framework within which the business operates.

The role will involve

- deciding appropriate data for any necessary analysis,

- deciding the appropriate analytical framework,

- extracting the necessary data,

- performing the analysis, and

- presenting the results to seniors within the team as well as to the wider stakeholder community

- driving business consensus to measures necessary to maintain portfolio health

Risk and Control Objective [This section is mandatory for all role profiles and must not be deleted]

Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Bank's Policies and Policy Standards

Person Specification

- Business understanding - Understand business, P&L and portfolio dynamics, and has experience in risk management activities to balance different business objectives.

- Leadership - Consistently demonstrate leadership in driving cross-business consensus and support for actions necessary to maintain portfolio health. This includes clear understanding and enunciation of the trade-offs that may be necessary.

- Commercial skills -Create and implement project task plans to accomplish business plan objectives.

- Conceptual thinking - Strong strategic thinker with good intellect and ability to focus on different parts of the portfolio and their associated value generation. Strong project management skills with the ability to adapt to several projects simultaneously.

- Team work - Commitment and ability to work with, and in, cross-functional and virtual teams - coupled with ability for straight talking.

- Communication - Effectively and concisely communicate key issues and ideas through correspondences and verbally without supervision. Interface with upper management effectively. Interface with various departments effectively to ensure project delivery.

- Analytical skills - Ability to problem solve and translate data into relevant risk and business information.

- Innovation - Create appealing and innovative product concepts and communications. Ability to evaluate risk management concepts and communications.

- Value based business perspective - the ability to be able to analyse the portfolio on a value basis, understanding both high level results and key value drivers.

Essential:

- A degree in an analytical/business related discipline

- Ability to generate insights from data, assess the commercial / financial impact and recommend action

- Extensive experience analysing programmes through the lens of risk management

- Leadership skills

- Excellent oral and written communication skills with ability to translate insight into a coherent story that drives action

- Effective stakeholder management skills

- Understanding of statistical methods to enable appropriate interpretation of results

- Comprehensive knowledge and effective use of analytical tools including SQL and SAS.

- Proficient in Microsoft Excel, Word and PowerPoint

- Familiarity with risk reporting and risk management models.

- Familiarity with segmentation tools and strategies.

- Conceptual thinking - find innovative ways to solve analytical problems

- Ability to deliver accurate results within tight deadlines

- Team work - Commitment and ability to work with cross-functional teams

- Strong interpersonal skills

- Experienced in delivering complex projects through effective stakeholder management

Preferred:

- Post-graduate degree

- Extensive experience analysing programmes through the lens of Cards P&L and customer metrics.

- Industry knowledge (ideally experience with major international financial services firm)