Risk Manager - Personal Loan

Job Requirements

About the Role

The Risk Manager – Personal Loan is responsible for assessing, managing, and reporting risks associated with the Personal Loan portfolio. Based in Mumbai, the role involves implementing risk strategies to ensure effective coverage and alignment with the Bank's risk appetite. The incumbent will contribute to the development of risk assurance reports and insights for senior management, supporting strategic decisions that align with the Bank's broader objectives.

Key Responsibilities

Primary Responsibilities

• Conduct regular asset quality reviews and provide analytical insights to identify risks and opportunities, recommending appropriate actions.
• Review and update program risk acceptance criteria in response to changes in legal and regulatory requirements, business strategies, market conditions, or portfolio performance.
• Build strong controls to mitigate risks across onboarding, credit, operations, fraud, and reputational domains.
• Monitor portfolio delinquencies at a granular level, identifying high-risk segments, locations, and customer profiles.
• Define and shape product-level risk appetite in alignment with the bank's overall risk framework and growth objectives, including risk-based pricing strategies.
• Facilitate the implementation of technological interventions such as scorecards, digital journeys, and process automation to enhance efficiency.
• Recommend improvements to processes and policies across Retail Banking to drive operational excellence and superior customer service.
  
  

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 relevant experience in risk management, preferably in retail lending or personal loans within BFSI industry.
  
  

Skills and Attributes

• Strong understanding of risk frameworks, regulatory compliance, and portfolio analysis.
• Analytical mindset with the ability to interpret trends and performance metrics.
• Effective communication and stakeholder engagement skills.
• High attention to detail and process orientation.