Overview
General Manager/AVP – Risk and Regulatory Compliance
About Company:
Established in Mumbai more than three decades ago, the company is a prominent figure in India’s financial services sector. It boasts a nationwide presence, operating in over 500 cities. The NBFC and its subsidiaries offer a wide array of products including gold loans, housing loans, microfinance, loans against property and securities, and insurance services.
In addition to these conventional offerings, the company also provides digital financial services, facilitates residential property transactions, and offers flexible loan options tailored to meet the needs of borrowers.
With significant assets under management and a large, dedicated workforce, this publicly listed non-banking financial company (NBFC) has earned numerous accolades for its exceptional customer service and pioneering use of technology.
Job Description:
Risk Governance and ICAAP:
Risk Profile Scale-Based Regulations:
– Conduct CRAR (Capital to Risk-Weighted Assets Ratio) and RWA (Risk-Weighted Assets) calculations in line with regulatory guidelines.
– Conduct CRAR (Capital to Risk-Weighted Assets Ratio) and RWA (Risk-Weighted Assets) calculations in line with regulatory guidelines.
– Monitor and ensure Capital Adequacy in compliance with regulatory requirements.
Risk Assessment:
– Evaluate Pillar I and Pillar II risks, including credit, market, and operational risks, ensuring adequate capital buffers.
– Conduct Credit Risk Stress Tests, Liquidity Risk, and Interest Rate Risk assessments.
Risk Parameter Calculations:
Risk Parameter Calculations:
– Calculate Probability of Default (PD), Loss Given Default (LGD), and Expected Credit Loss (ECL) rates.
– Perform Bucket Forecasting, particularly around Stage 1 – Stage II bucket movement, and assess its impact on portfolio health.
Portfolio Risk Monitoring:
– Perform Vintage Curve and Static Pool Analysis to evaluate portfolio risk.
– Provide Risk-Based Pricing to optimize returns while maintaining risk thresholds.
– Prepare and deliver Monthly Portfolio Health and Hygiene Reviews to senior leadership, highlighting any breaches and ensuring follow-up actions are implemented.
Macroeconomic Overview and Policy Formulation:
– Conduct Macroeconomic Overview and provide key insights for strategic decision-making.
– Contribute to the formulation of internal policies, including those on Credit Risk, and Portfolio Management.
MIS Dashboard Development:
– Develop and manage Management Information System (MIS) Dashboards for real-time portfolio monitoring.
– Create insightful reports that reflect portfolio risk, performance, and compliance metrics.
Stress Testing and Early Warning Systems:
– Conduct stress testing for the portfolio based on industry-specific risks and classifications for Rural Business Group (RBG).
– Identify and highlight early warning indicators of stress within the portfolio and recommend actions for mitigation.
Credit Appraisal and Policy Training:
– Prepare and modify Credit Appraisal Memos for various products including KCC, Rural MSME, and Micro LAP.
– Conduct policy training sessions for Sales and Credit Teams, ensuring alignment on internal guidelines and risk management processes.
Process Optimization:
– Develop Scorecard-Based Funding Models for improved accuracy and efficiency in the credit process.
– Simplify the Excel-Based Credit Appraisal Memo process and review/renewal workflows for increased operational efficiency.
Coordination and Stakeholder Engagement:
– Foster effective coordination among different divisions to enhance strategy development in technical, management, and financial areas.
– Ensure smooth communication and collaboration to implement strategic decisions regarding portfolio risk management.
Competition Benchmarking:
– Conduct periodic Competition Benchmarking to identify industry best practices and ensure the company remains competitive in risk management and regulatory compliance.