Risk Manager-Unsecured Loan

The PolicyManager– Unsecured Loan is responsible for designing, implementing, and maintaining credit policies for unsecured loans within the Retail Banking business. Based in Mumbai, this role is responsible for managing, assessing, and monitoring policy norms across assigned products. It involves defining the risk appetite, shaping broad-level policies, facilitating technological enhancements, and ensuring compliance with statutory guidelines. The role contributes directly to the bank’s larger objectives by aligning product-level risk strategies with business growth and regulatory expectations.

Key Responsibilities
Primary Responsibilities
• Develop and implement loan policies for secured and unsecured products.
• Ensure flawless system integration and enhancements for effective policy implementation.
• Provide training to underwriting teams on newly introduced policies to ensure consistent execution.
• Conduct monthly portfolio analysis to monitor asset quality and performance.
• Actively track and manage Net Credit Losses (NCL) for assigned products.
• Present monthly updates to senior management on portfolio health and risk trends.
• Perform regular competitive benchmarking to refine and enhance the product suite.
• Translate insights from portfolio performance into actionable policy updates.
Secondary Responsibilities
• Recommend improvements to risk-related processes and policies to enhance operational efficiency and risk coverage.
• Collaborate with internal stakeholders to ensure cohesive execution of risk strategies.
• Contribute to the development of a risk-aware culture across the organization.

What We Are Looking For
Education
• Graduation: Full time graduate in any discipline from a recognised institution.
• Post-graduation: MBA from a recognised institution.
Experience
• Minimum of 4 years of experience in credit policy formulation and implementation, preferably in the banking or financial services sector.
Skills and Attributes
• Strong understanding of retail banking products and risk frameworks.
• Proven ability to define and implement risk appetite and policy structures.
• Analytical mindset with the ability to interpret complex data and provide actionable insights.
• Experience in managing regulatory compliance and internal controls.
• Effective communication and stakeholder management skills.
• Ability to lead cross-functional initiatives and drive technological enhancements.