Overview
Industry : Banking / Financial Services / Broking
Job Description : The Lead – Risk & Policy – Cross Sell & Data Capabilities will play a critical role in developing risk frameworks and policies for cross-sell initiatives while enhancing data capabilities. This position in the financial services industry requires a strong understanding of retail banking and loans, with a focus on innovation and compliance.
Client Details:
This opportunity is with a well-established, medium-sized financial services provider specialising in retail banking and loans. The organisation is known for its robust market presence and commitment to delivering tailored financial solutions to its clients.
Description:
– Lead Risk & Policy for all Horizontal Cross-Sell businesses including PL, TW, Auto, BL, Credit Line
– Lead Horizontal Risk Data strategies and new capabilities – Strengthen, Deepen existing data usages; Explore, Consume, Evolve new data sources and use cases
– Maintain credit quality of all Cross- sell portfolios. Ensuring Credit Loss and credit cost is within projected levels on all such portfolios.
– Design/develop/review policies, new programs, processes, products from risk management perspective, in line with best industry practice.
– Strengthen Pre-qualification and Preapproval filters and policies
– Lead, innovate and release amendments in the policies and programs across all products with an optimal mix of risk philosophy and use of Data Science – risk score cards, statistical models to help business have competitive edge in the market and mitigate Risk for assigned portfolios.
– Rule engine based automated models and approval process to improve customer on-boarding experience, Underwriting checks, Pre-approval frameworks
– Drive and monitor the loans portfolio on daily/weekly/monthly basis to maintain risk metrics at desired levels by continuously analysing, identifying, and eliminating the high- risk segment from portfolio. Recommend corrective actions for maintaining a healthy portfolio and lower loss rates.
– Define various metrics & tracking’s for assessment of the through the door quality, approvals and performance
– Lead execution, tracking & change management ranging from new partner enrolment, formulating policies and processes, define success metrics and loss forecasting.
– Anticipate impact on business when recommending changes to balance risk/reward
– Drive deep data analytics for decision making on risk & opportunities
– Ensure adherence to RBI norms, internal audit findings, and compliance standards.
– Help prepare risk tracking’s for senior management and regulatory bodies.
– Lead internal and external audits, hind sighting related to policies, processes & underwriting
– Collaborate with credit underwriting teams, collections & business stakeholders for problem solving
– Work with internal analytics, products teams to identify opportunities & sharpen risk outcome & business growth
– Work closely with tech, fraud, collections, compliance teams to drive improvements and contain risk/fraud.
– Drive deep analytics & monitoring of the portfolio & take proactive measures to improve portfolio health & enable business growth.
– Collaborate within Risk Verticals to enhance data capabilities and use cases with new data sources
Profile:
– Experience of managing portfolio and policies of Unsecured Personal Loan/Consumer Loans/Credit Card/ Cross Sell Programs in Banks/NBFC/Fintech; Experience of working with Alternate Data streams and sources will be preferred
– Experience of managing portfolio and policies of Unsecured Personal Loan/Consumer Loans/Credit Card/Cross Sell Programs in Banks/NBFC/Fintech
– Strong analytical skills coupled with good understanding of Credit risk management, scorecards.
Job Offer:
A competitive salary
Opportunity to work with a leading brand
To apply online please click the ‘Apply’ button below. For a confidential discussion about this role please contact Himanshi Bhatnagar on +911246280703.
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