Head of Credit

ROLE SUMMARY

The Head of Credit is the enterprise custodian of credit risk and asset quality for Muthoot FinCorp Limited, providing strategic leadership over the end-to-end credit risk management framework across all lending verticals. Managing a diversified portfolio with an AUM of approximately 50,000 crore, the role is accountable for designing and enforcing robust credit policies and procedures, portfolio diversification frameworks, and risk mitigation strategies that protect asset quality while enabling profitable and sustainable growth.

As the guardian of asset quality and the architect of credit-led growth at scale, the Head of Credit plays a pivotal role in balancing risk discipline with business agility. The role requires a strong technology orientation, leveraging digital credit platforms, advanced analytics, and AI-driven decisioning to enhance underwriting quality, scalability, and speed, while ensuring governance, regulatory compliance, and resilience across economic cycles.

KEY RESPONSIBILITIES

Credit Strategy & Policy

Develop and implement enterprise-wide credit risk policies aligned with regulatory guidelines (RBI, SEBI, etc.). Establish sector-specific credit frameworks for diverse verticals (Retail, SME, Corporate, Infrastructure, Housing Finance, Vehicle Finance, etc.).

Oversee underwriting standards, scorecards, rating models, and collateral valuation frameworks Drive innovation in credit assessment models, leveraging data analytics, AI/ML, and alternative credit scoring.

Ensure disciplined credit appraisal, sanctioning, and documentation processes

Portfolio Quality & Risk Monitoring

Monitor portfolio quality across verticals, ensuring NPA levels remain within acceptable thresholds.

Design early warning systems and stress-testing mechanisms for macroeconomic and sectoral risks

. Oversee credit risk appetite and exposure limits across geographies and business lines.

Partner with collections, legal, and recovery teams to improve resolution outcomes

Leadership & Governance

Lead a team of credit risk professionals across verticals, fostering a culture of accountability and performance.

Collaborate with the Board, Audit Committee, and Risk Committee to present credit risk reports and portfolio insights.

Ensure compliance with internal controls, regulatory requirements, and external audits

Operational Excellence

Streamline credit approval processes to balance speed with risk prudence.

Implement digital credit platforms for faster decision-making and improved customer experience.

Drive automation in underwriting, monitoring, and collections Stakeholder Management

Work closely with business heads to align credit policies with growth objectives.

Engage with regulators, rating agencies, and investors to build confidence in the NBFCs credit practices.

Represent the NBFC in industry forums and policy discussions on credit risk.

KEY INTERACTIONS

Internal Stakeholders External Stakeholders

Board of Directors and Board Committees (Risk Management Committee, Audit Committee)

CEO / Executive Leadership Team

Business Heads Retail, SME, Corporate, Infrastructure, Housing Finance, Vehicle Finance

Risk Management, Compliance, Legal, and Internal Audit

Collections, Recovery, and Operations Teams

Finance, Treasury, and ALM

IT, Digital, Analytics, and Data Science Teams

People & Culture for capability building and talent management

Reserve Bank of India (RBI), NHB, and other regulators

Statutory Auditors, Internal Auditors, Concurrent Auditors

Credit Rating Agencies

Banks, Financial Institutions, and Lenders

Investors and Trustees (where applicable)

Valuers, Legal Counsel, and External Risk Consultants

Technology and Analytics Partners

KEY ROLE DIMENSIONS

Enterprise Scope: Pan-India responsibility across multiple lending verticals and customer segments

Portfolio Complexity: Secured and unsecured products, short- and long-tenure loans, retail to large-ticket exposures

Decision Authority: Credit policy ownership, approval authority as per delegated powers, final escalation authority

KEY SKILLS & BEHAVIOURAL ATTRIBUTES

Strategic thinking with ability to balance growth and risk.

Deep expertise in credit underwriting, portfolio management, and risk analytics.

Strong leadership, communication, and stakeholder management skills.

Tech-savvy with exposure to digital lending, fintech partnerships, and advanced risk modeling.

Behavioral Attributes- Driven and in alignment with our Purpose Transforming the life of the common man by improving their financial well-being and anchored by our core value of integrity, collaboration, and excellence.

EDUCATION / EXPERIENCE

Education: CA/MBA/FRM/CFA or equivalent in Finance, Risk Management, or related fields.

Experience: 15+ years in credit risk management, with at least 5 years in a leadership role in a large NBFC/Bank.

Proven track record of managing multi-vertical credit portfolios exceeding 50,000 crore.

Strong understanding of regulatory frameworks, capital adequacy norms, and risk-based pricing