Risk Manager - ECL

Job Title: Risk Manager - ECL

Company

Credila

Location

Mumbai

Department

Risk

Travel

NA

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

Job Description

This role requires deep understanding of best practice and regulatory expectations of a second line of defence risk function. The Risk function provides oversight over all treasury first line activities, including the risk appetite framework, stress testing and controls relating to compliance with Company Policy and local regulatory Requirements

Key roles and responsibilities

ü  To own and work on continuous enhancement of the Enterprise level Risk Appetite Statement, Policy and Framework and ensure that the same is aligned with the current business, strategic and regulatory context.

ü  Develop risk policies, strategies and standards for Risk Management. Lead implementation of enterprise-wide risk strategy and policy and work closely with all businesses and support functions. 

ü  Develop and implement a comprehensive ESG risk assessment framework including our social financing strategy, tailored for the organization. This includes identifying potential risks, proposing effective mitigation strategies, and designing actionable initiatives to ensure seamless integration and successful implementation.

ü  Oversee the Key Risk Indicators (KRI) process and ensure risk impact are analysed, assessed, escalated, and mitigated accordingly. Design / drive risk initiatives and indicators, to enhance the control environment. Monitor and report key risk and control indicators for enterprise risks across business functions

ü  Conduct reviews on risk metrics (Risk Events, CSA, KRI, etc) as appropriate, including the responses and action plans and assessing the effectiveness of these as adequate mitigants to the risks identified. Support our business teams in the ongoing risk self-identification process and ensure Self-Identified Issues (SIIs) are well analysed and documented with properly designed remediating actions; Track actions to completion.

ü  Prepare Management Information (MI) reports for various Governance Forums; Provide tailored-made reporting for Senior Management when required. Engage in risk related discussions with Internal / External Auditors / Regulators and other stakeholders as needed.

ü  Prepare materials for training and case study sessions to boost risk awareness, quality standards and ensure uniform appreciation of existing risks and controls among the Business teams; Lead such training when required.

ü  Keep abreast of latest enterprise risk management techniques and industry best practices. Curate, contextualize, and drive best practices/continuous improvement in enterprise risk management for the organization.

ü  Keep abreast of latest macroeconomic and geopolitical indicators, and contextualize changes to our risk profiles and indicators, as needed.

Qualifications & Experience

ü  Post Graduate Diploma or Degree in Business Management / MBA / CA

ü  2-5 years of experience in the areas of Credit Risk Management

ü  Strong understanding of credit risk management and the ECL framework

ü  Expertise in statistical modeling techniques, including regression analysis, decision trees, and time series analysis.

ü  Financial modeling skills and understanding of financial statements.

ü  Excellent communication and presentation skills to convey complex financial concepts to non-technical audiences.

ü  Relevant experience in credit risk management within a banking or NBFC environment