National Lead - Risk

To act as the independent risk control function for the product execute all activities to provide assurance to SMT above on credit risk associated compliance/regulatory norms adherence through the below:

• Setting the credit risk appetite threshold for the product
• Independent oversight and challenge the Credit Organisation on credit quality, outlier segment identification, TTD Mix monitoring etc.
• Co-Own Credit Models Scorecards being used in the product.
• Own Risk data management, Risk MIS and Reporting of Credit Risk metrics to SMT
• Oversight of adherence to Board Policies, PPGs SOPs
• Drive execution of compliance/ regulatory related interventions through concerned stakeholders.
• Lead Automation AI Projects creating capabilities for effective credit risk management

• Risk Policy Ownership: Review risk policies, the risk appetite framework and concentration/exposure limits across products and PAN-India locations. Identify gaps in existing policies using past cases, loss trends and location-specific learnings.
• Portfolio Risk Monitoring: Monitor portfolio quality, vintage performance and emerging risk by customer, bureau band, employer, geography, channel, product and policy cohort. Track performance against the approved Risk Appetite and AOP loss budgets.
• Early Warning Emerging Risk: Build and monitor Early Warning Signal (EWS) indicators to identify risk before it appears in 30+/90+ DPD. Conduct deep dives on abnormal portfolio movements and recommend risk mitigants to the CRO and the first line.
• Independent Assurance: Test adherence to approved credit policy and underwriting processes. Conduct sample-based underwriting assurance, identify policy leakage, control gaps and recurring exceptions, and independently validate remediation.
• Policy Effectiveness Swap Sets: Assess whether current policies deliver expected outcomes. Compare policy versus actual performance, analyse deviation populations against standard policy populations, and recommend policy review where evidence indicates deterioration.
• Model Score Governance: Oversee application and behaviour scorecard performance, validate risk scoring models, and support ECL/provisioning frameworks under Ind-AS.
• Governance and Regulatory: Monitor compliance with SOP/PPG/RBI circulars, escalate breaches, track remediation and prepare independent risk views for Risk Committees.
• Technology Leadership: Stay updated with the latest technology, BFSI, fintech and compliance developments; drive automation and AI/analytics-based risk solutions, including alternate data sources such as Account Aggregator.
• Team Development: Participate in hiring, set individual performance expectations, review performance regularly and build functional capability within the risk team.

• Risk appetite thresholds, EWS triggers and portfolio cut-offs, in consultation with the reporting manager.
• Escalation of policy breaches and control gaps.
• Design frameworks to adhere to any compliance/regulatory changes.

• Time taken by various stakeholders to adapt/ implement obligations/ actionable resulting in delay in finalization of checklist and further processing
• External, seasonal and market factors continuously move risk parameters, so monitoring has to be continuous.
• Wide spread of locations, products and market dynamics to be covered with a lean team.

• Graduate / Post-graduate.
• Professional qualification such as CA / MBA / Masters in Financial or Risk Management, or equivalent practical experience.

• Around 10-12 years of experience in Risk, Credit or Analytics within financial services, with a strong risk/underwriting core.
• Experience in risk policy formulation and portfolio monitoring across multiple products.
• Experience of team management and senior stakeholder management.

• Exposure to scorecards, ECL/Ind-AS and RBI regulatory reporting.
• Experience with SQL/Analytics Tools, decision engines and automation of risk MIS.
• Certifications such as FRM or PRM (good to have, not mandatory).