Head of Credit ( Advances )

Job Description

Bombay Mercantile Co-Operative Bank Ltd., a leading Multi-State Scheduled Bank, with 52 branches across 10 states, requires dynamic and experience personnel. Age: 45-50 Years Location: Mumbai Qualification and Experience: Bachelor’s degree in Finance, Commerce, Business Administration, or related field. MBA or professional qualification (CA, CFA, ICMA) preferred. Strong communication and interpersonal. Minimum 10-15 years of experience in credit management, with at least 5 years in a leadership role. Strong understanding of credit appraisal, risk assessment, and advances portfolio management. Knowledge of banking regulations and compliance related to credit and advances. Excellent analytical, decision-making, and leadership skills. Proficient in credit risk software and MS Office applications. Key Responsibilities: Develop and implement credit policies, procedures, and guidelines in line with the bank’s risk appetite and regulatory requirements. Oversee the assessment, sanctioning, and monitoring of all credit proposals and advances to ensure quality and compliance. Manage the credit portfolio to minimize non-performing assets (NPAs) and ensure timely recovery. Lead the credit appraisal team, providing guidance, training, and performance management. Conduct periodic reviews of existing credit exposures and take corrective actions as needed. Coordinate with other departments (Risk, Legal, Compliance, Recovery) to ensure effective credit risk management. Ensure that all credit disbursements are adequately documented and supported by necessary approvals. Analyze market trends, customer creditworthiness, and economic factors impacting credit risk. Prepare and present credit reports, portfolio analysis, and risk assessment to senior management and the Board. Stay updated on regulatory changes and ensure timely implementation in credit processes. Drive credit growth by identifying new business opportunities while maintaining asset quality. Handle escalations and resolve credit-related issues promptly. Job Type: Full-time Schedule: Day shift Ability to commute/relocate: Masjid, Mumbai, Maharashtra: Reliably commute or planning to relocate before starting work (Preferred) Education: Bachelor's (Preferred) Experience: Credit ( Advances ): 10 years (Preferred) Work Location: In person