Chief Risk and Audit Control

Job Designation - Chief Risk and Audit Control Job Role- Credit Risk Management & Audit Conduct regular audits of the company's credit risk management framework to ensure compliance with internal policies, industry standards, and regulatory requirements. Review credit risk models, approval processes, and credit assessment tools to ensure they are appropriate, effective, and up-to-date. Assess credit underwriting standards, credit scoring models, and decision-making algorithms for accuracy and reliability in predicting creditworthiness. Identify areas of credit risk exposure, including fraud, defaults, and bad debt, and recommend corrective actions to mitigate these risks. Policy Compliance And Effectiveness Audit and assess the company credit risk policies and procedures to ensure they are consistent with business goals, risk appetite, and regulatory requirements. Review and validate credit policies related to personal loans, credit cards, digital lending, and other fintech products to ensure adherence to legal and ethical standards. Work with legal and compliance teams to identify any regulatory changes and ensure that credit risk policies and procedures are updated accordingly. Credit Portfolio Monitoring Perform regular audits on the credit portfolio to assess risk, performance, and quality of loans or credit products. Evaluate the loan origination process, monitoring for any potential systemic risks or weaknesses in the portfolio. Analyze portfolio metrics such as delinquency rates, non-performing loans (NPLs), default rates, and recovery performance. Work with credit operations teams to ensure proper documentation and compliance with established policies for credit transactions. Risk Control And Mitigation Identify opportunities to enhance or improve risk controls in credit operations, including new systems, processes, or tools. Collaborate with the credit risk team to develop strategies for risk mitigation, including the setting of credit limits, loan-to-value ratios, and risk-based pricing. Recommend best practices for credit policy governance and ensure that credit risk is managed consistently across all products and services. Audit Reporting And Documentation Prepare detailed audit reports outlining findings, risks, and recommended actions to senior management and relevant stakeholders. Provide actionable insights to improve credit risk policies, processes, and controls, ensuring alignment with company objectives and regulatory frameworks. Track the implementation of audit recommendations and ensure that corrective measures are adopted in a timely manner. Ensure proper documentation of audit activities and findings, maintaining compliance with internal and external audit standards. Stakeholder Collaboration and Advisory; Act as a subject matter expert for credit risk management policies and audits, advising key stakeholders on potential risks and best practices. Collaborate with risk, compliance, and credit operations teams to address issues related to risk exposure, fraud, and credit management. Support the development of training and awareness programs to ensure staff understand and adhere to credit risk policies and procedures. Continuous Improvement and Process Optimization; Regularly assess and update audit methodologies to reflect changes in the fintech industry, emerging risks, and new regulatory requirements. Leverage technology, including data analytics and automation tools, to improve the effectiveness and efficiency of the credit risk management audit process. Identify trends or emerging risks in credit risk and make proactive recommendations to mitigate potential issues before they impact the business. Qualifications And Skills Education: Bachelor's degree in Finance, Business, Economics, or a related field (Master's or professional certifications such as FRM, CFA, or CPA are preferred). 6-10 years of experience in credit risk management, policy audit, or internal audit roles, preferably in the fintech, banking, or financial services sector. Experience with credit risk models, underwriting processes, and credit portfolio management. Strong understanding of regulatory frameworks related to lending, credit risk, and fintech operations. Familiarity with industry-specific risk tools, credit scoring systems, and fintech products. In-depth knowledge of credit risk management principles, policies, and processes. Strong analytical skills with the ability to identify and assess complex risks in credit portfolios. Skills: credit scoring systems,risk management,credit risk,mitigation strategies,stakeholder collaboration,credit,operations,data analytics,credit portfolio monitoring,risk control,policy compliance,documentation,audit,regulatory frameworks,credit risk management,loans Show more Show less