Bajaj FinservEmployer profile

Lead - Risk/Senior Lead - Risk

Location not specified · 6–8 yrs

Experience: 6–8 yrs
Salary: Not disclosed
Location: Location not specified
Work mode: Not specified
Job type: Full-time
Apply by: Closing date not listed
Posted: 12 Jan 34

About this role

Job Purpose

Risk Portfolio management for each of the Co-lending partner.

Duties And Responsibilities

The role will manage all Risk related activities of a new Strategic Business Initiative of the Company – “Co-Lending”.

The role will manage multiple products – Micro Finance, Personal Loans, Housing, Commercial Vehicle, Tractor & Gold Loan.

Co-Lending Portfolio Monitoring

Responsible for Product Program, Existing policy changes and implementation of Policy rules on System
Responsible for Portfolio Management according to annual operating plans and Risk KPI’s
Responsible for Loan Loss budgeting & AOP delivery on various risk KPIs
Ensure credit policies and program risk acceptance criteria are reviewed regularly, with timely updates for proactive adaptation to changes business strategies, market environment or portfolio performance
Responsible for tracking portfolio performance/TTD Metrics/Approval Rates

Data Infrastructure & MIS

Responsible for setting up Data Infrastructure related to Risk for Co-Lending business
Responsible for developing and publishing monthly risk reports to Senior Management
Responsible for Partner wise Monthly Risk deck preparation

Development & Management of Credit Rule Engine

Developing and managing Rule Engine coding to code Risk Policy rules of each Co-lending partner
Responsible for getting UAT testing of risk rules coded & sign off
Understanding any policy rule changes communicated by the External Partners and executing the coding, testing & sign off of the rule changes.
Ensuring that the Rule Engine is working as coded and Error Rate is Nil.
Responsible for Risk Masters maintenance in system
Alignment of Co-Lending Partners masters with our internal systems.

Key Decisions / Dimensions

Following Decisions Are Taken By The Role

 Loss Guarantee, Hurdle Rates, Loan loss estimates for each co-lending partner

 Exposure limit for each co-lending partner

 Policy changes basis risk portfolio performance of co-lending partner

Major Challenges

 Understanding of risk policies and risk management across multiple products

 Understanding the operating model, credit profile and credit processes of each Co-Lending partner

 Negotiations with Co-lending partners on loss guarantees & exposure limits

 Data infrastructure creation

Required Qualifications And Experience

Qualifications

 Post-graduation

Work Experience

 Minimum 6-8 years

 Past experience across functions of risk, analytics, data management, IT workflows and Fraud

 Past experience across multiple products – PL, SME, Cards, Secured loans

 Techno-functional expertise covering understanding of risk, business and technology

Skills

Information Technology