Lead-Credit Risk

• 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

• ROLE PURPOSE & OBJECTIVE
• 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.
• To ensure implementation of the credit risk management policy approved by the board.
• Report findings on portfolio delinquency, collection trends, concentration risks, Loan Utilization Checks.
• Facilitate and review credit related policies and processes.
• Continuous benchmarking of bank portfolio with industry position and implementation of an Early Warning Trigger mechanism.

KEY DUTIES & RESPONSIBILITIES OF THE ROLE

• 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.

• 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.

• 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.

• 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