Risk Analyst

About the Company

Credila Financial Services Limited (Formerly known as HDFC Credila Financial Services Limited) is one of India’s largest education loan non-banking financial companies (NBFCs) offering education loans to Indian students. With an in-depth understanding of the higher education domain in India as well as overseas, Credila offers tailor-made education loan solutions that help enable students to be financially equipped to pursue their education at their dream university and country of study. Since inception, Credila has funded 178,000+ Indian students across 63 countries in 4,600 institutes

Responsibilities

• Meeting and communicating with the various stakeholders across locations on an ongoing basis to understand the risks associated with the business and making timely recommendations on risk appetite
• Ensuing timely review of risk registers received from the various risk owners and risk managers - assist in the approval process, check efficacy of the rating & scales assigned from time to time and on a timely basis update the management of any new risks as well as any risks which must be demised
• Designing early warning signals and Monitoring of portfolio to include initiating effective remediation solutions and watch listing
• Reviewing the policies from time to time and suggesting any changes / amendments thereto as well as drafting new policies as may be required from risk management point of view
• Working on credit modelling and other predictive models to facilitate decision making including internal rating models and scorecards and then monitoring the efficacy of these models
• Introducing data analytics and business intelligence into day-to-day working to ensure the risk management function and business decisions taken thereon are derived from data Taking initiatives in and driving process improvements
• Engage with external vendors such as FinTech’s, risk consulting firms, research agencies, etc. to evaluate new products, services, projects, etc. available in the retail asset finance space
• Monitoring key metrics like TAT, Rejections, Approvals, Deviations, etc. which reflect the abnormal variance from benchmarks
• Evaluate the Expected Credit Loss (ECL) model under IndAS framework which involves evaluating framework for staging of assets, estimation of forward-looking PDs, computation of lifetime ECL, incorporation of macro-economic variables, etc

Skills

• Strong analytical and problem-solving skills
• Proficiency in MS Excel
• Proficiency in working on Data Analytical Tools such as R, Python and SAS
• Basic Knowledge in SQL Language
• Communication: Effectively interact with management and relevant employees
• Analytical/Technical: Build and understand financial/risk management models and infer meaningful insights from the information obtained

Qualifications and Experience

• Post Graduate Diploma in Business Management with Mathematics / Statistics / Information Management as a subject in the curriculum
• 1-4 years of experience in the areas of Risk Management, Credit Modelling, Data Analytics, etc. (preferred).

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