Lead-Credit Risk

1. POSITION DESCRIPTION

JOB TITLE

Lead-Credit Risk

DEPARTMENT

Risk

LOCATION

Head Office

SUB-DEPARTMENT

Credit Risk

TYPE OF POSITION

Full-time

REPORTS TO

National Manager- Credit Risk

REPORTING INTO

Manager- Credit Risk

1. ROLE PURPOSE & OBJECTIVE

2. To develop a Risk Management Framework for assessing, identifying, monitoring and reducing pertinent business and credit risks in the Microfinance, Rural Banking, MSME, Wheels, Gold Loan, Mid and Large corporates and FIG products.
3. To ensure implementation of the credit risk management policy approved by the board.
4. Report findings on portfolio delinquency, collection trends, concentration risks, Loan Utilization Checks.
5. Facilitate and review credit related policies and processes.
6. Continuous benchmarking of bank portfolio with industry position and implementation of an Early Warning Trigger mechanism.

KEY DUTIES & RESPONSIBILITIES OF THE ROLE

1. Business/ Financials

• Develop a Risk Management Framework for assessing, identifying, monitoring and reducing pertinent business and credit risks in all credit verticals
• Design and monitor compliance to internal Risk Appetite statements for all credit verticals.
• Report findings on portfolio delinquency, collection trends, concentration risks, Loan Utilization Checks, ring-leader and ghost lending instances etc. to top management/Board and Board Committees.
• Continuous benchmarking of bank portfolio with industry position.
• Design Early Warning Signals (EWS) framework and publish early signals of stress on regular basis.
• Credit Risk Audit feedback to be addressed appropriately and timely.
• Coordinate with business, credit, compliance and audit to formulate the risk management framework.
• Provide inputs for Pillar III and ICAAP reports from Banking perspective.

1. Customer

• Coordinate with business and credit to regularly monitor risk related to concentration, growth and portfolio.
• Coordinate with compliance and audit to ensure external regulations and applicable policies are reviewed and implemented effectively.
• Coordinate with IT and operations to implement new frameworks agreed by business and credit
• Drive communication of all risk related policies, guidelines, latest developments across the bank to facilitate compliance to it.

1. Internal Process

• Regular review of the risk outlook and impact of portfolio quality and recommend risk mitigation measures, if warranted.
• Ensure timely and accurate delivery of Credit Risk reports. Interpret the information and suggest actions for consideration by Senior Management
• Participate in scheduled meetings of Risk Management Committee (for credit risk only)
• Proactively work on the monthly or quarterly regulatory reporting on risk related aspects
• Ensure the committee recommendations are documented and implemented effectively.
• Review the risk policy documents are regularly amended suitably and obtain necessary approvals.
• Provide inputs for collating Tranche I and II points as part of Risk Based Supervision.

1. Innovation & Learning

• Build a capable team who can design and monitor the risk framework
• Maintain current knowledge of laws and regulations, keeping abreast with the most recent developments in regulations, notifications and circulars and disseminate the information regarding new regulatory developments
• Develop, coordinate and impart a multifaceted educational and training program that focuses on the elements of risk and related compliance program, and seeks to ensure awareness creation
• Maintain a knowledge base of strategy failures and implications, provide advice on preventive actions
• Ensure goal-setting, midyear -review and annual appraisal process happens within specified timelines for self and team
• Participate in industry level discussions to debate on the regulations or the best practices of risk management impacting micro banking
• Train credit and business on the risk management framework

• Participate in relevant business, credit, collections and audit reviews

• MINIMUM REQUIREMENTS OF KNOWLEDGE & SKILLS

Educational

Qualifications

• MBA in Finance or Risk management/ Chartered Accountant/Company Secretary/Cost and Management Accountant.

Experience

• At least 8 years of experience in banking industry in the role of business development, credit and risk management
• Hand on experience in compliance, Risk/audit and inspection function.

Certifications

• FRM/PRM certification- desirable

Functional Skills

• Understanding of the business, credit, credit risk, operational risk and other risks in the Bank.
• Knowledge of RBI polices/guidelines relevant to SFBs
• Good understanding of Risk Management principles & thorough understanding of the evolving practices for the management of credit risk and regulatory requirements
• Adept at influencing policy changes for commercial advantage or basis regulation
• Strong conceptual thinking ability to design complex mathematical models for explaining and predicting business metrics.
• Ability to apply mathematics to analyze complex data and develop conclusions and recommendations
• Efficient and effective management of the data, reporting and analytical systems.
• Exposure to credit risk modelling is desirable