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Bajaj FinservEmployer profile

Lead - Risk/Senior Lead - Risk

Location not specified · 6–8 yrs

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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
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