Vertical Head - Product Risk

Basic Details: Fill the required information about business, unit, location, position, reports to position and date of updation of JD

Business

Financial Services

Unit

Aditya Birla Capital Limited

Location

Mumbai

Poornata Position Number of the job

Reports to: Poornata Position Number

Poornata Position Title of the job

Lead Product Risk

Reports to: Poornata Position Title

Head- Enterprise Risk & Policy

Function

Risk Management

Reports to: Function

Risk Management

Department

Risk Management

Reports to: Department

Risk Management

Date of writing/ Updating of JD

24 June 2025

• Job Purpose: Write the purpose for which the job exists (in 2-3 lines)
• Risk Reviews and recommendation of credit proposals including Risk-reward appropriateness from Counterparty credit risk, industry risk, collateral risk, etc.
• Conducting Portfolio monitoring and identifying potential risks indicators including early warning signals and highlighting the same to credit and business teams for follow up remedial actions
• Enterprise Risk: Assist LOBs in enhancement of Risk Management policies, practices, processes and controls on an ongoing basis
• Dimensions: Mention quantitative or qualitative parameters that are relevant for the job and provide a better understanding of the scope and scale of the job.
  
  

Business Workforce Number

6900

Unit Workforce Number

6900

Function Workforce Number

310

Department Workforce Number

120-130

Other Quantitative and Important Parameters for the job: Budgets/ Volumes/No. of Products/Geography/ Markets/ Customers or any other parameter

Credit Risk management Policies for 4 verticals of ABCL

Risk review Notes for credit proposals CC2, CC3, CC4

Risk Appetite Monitoring / Portfolio Management for 4 verticals of ABCL

Oversight of enterprise risk policy framework for LOBs

Industry / sectoral risk assessment

General risk management activities including managing of Audits (Supervisory and internal)

• Job Context & Major Challenges: Write the specific aspects of the job that provide a challenge (internal and external) to the jobholder in the context of the Business/Unit/Function/Department/Section
  
  

Organizational Context

Aditya Birla Capital Limited (ABCL) is a listed systemically important non-deposit taking Non-Banking Financial Company (NBFC) and the holding company of the financial services businesses. ABCL and its subsidiaries/JVs provides a comprehensive suite of financial solutions across Loans, Investments, Insurance, and Payments to serve the diverse needs of customers across their lifecycles. Powered by over 60,000 employees, the businesses of ABCL have a nationwide reach with over 1,623 branches and more than 200,000 agents/channel partners along with several bank partners. ABCL and its subsidiaries/JVs manage aggregate assets under management of over Rs. 5.11 Lakh Crore with a consolidated lending book of over Rs 1.57 Lakh Crore as of March 31, 2025.

Aditya Birla Capital Limited is a part of the US$66 billion global conglomerate Aditya Birla Group, which is in the league of Fortune 500. Anchored by an extraordinary force of over 187,000 employees belonging to 100 nationalities, the Group is built on a strong foundation of stakeholder value creation. With over seven decades of responsible business practices, the Group's businesses have grown into global powerhouses in a wide range of sectors - from metals to cement, fashion to financial services and textiles to trading. Today, over 50% of the Group's revenues flow from overseas operations that span over 40 countries in North and South America, Africa, Asia, and Europe.

Job Context

Key Objectives

• Develops, recommends and monitors Infra, Mid-Market, Wealth & CMG credit policies and procedures, ensuring regulatory compliance
• Sets overall risk appetite in partnership with senior management and the business lines to develop a coordinated and cohesive risk-taking strategy
• Develop and enhance the Credit Reporting & Monitoring framework which meets the requirements of various external & internal stakeholders
• Recommend modifications that reflect developing risks, economic conditions and projections, and the competitive environment
• Monitor economic performance across all credit decisions and partner with our business and credit team to identify improvement opportunities
• The role also involves training of credit and business teams and alignment with the organizational goals set for the Secured/unsecured line of business.
• Determining that applicants (Mid-Market & CMG) qualify for loans based on their income, assets, and other factors such as credit history and employment status.
• Reviewing a company's existing loan portfolio to ensure that all loans are performing as expected.
• Contribute in building and enhancing framework for Credit Risk Management across ABCL
• Working closely with stakeholders for effective Portfolio Management and Risk Appetite monitoring
• Coordinating with stakeholders across ABCL and LOBs to value add on Credit Risk function.
  
  

Challenges

• Managing Credit Risk Policy for Infra, MM, CMG with clients having diverse business models across industries and complex group structures, multi-banking and consortium/SPV arrangements with varied borrower expectations.
• Infra involves long gestation projects with extended construction and stabilization periods. Ticket sizes are large with bespoke structuring
• Regulatorily intensive segments (e.g., power, roads, ports, renewables)
• Ongoing monitoring of portfolio and flagging problem accounts using early warning triggers is critical
• Key Result Areas: Write the key results expected from the job and the supporting actions for each of these key result areas (For a majority of jobs typically there could be 4- 7 key result areas)
  
  

Key Result Areas

Supporting Actions

• Managing the Policy framework for Credit Risk Management for Infra, Mid-Market, Capital Markets and oversight of policy framework for Group companies
  
  

Work in close coordination with Business and Credit teams for managing the Policy framework for Credit Risk management and for individual business segments Infra, Mid-Market, Capital Markets

• Risk underwriting of credit proposals including Risk-reward appropriateness from Counterparty credit risk, industry risk, collateral risk, etc.
  
  

Continuous engagement with Business teams and Credit teams for risk assessment of Credit sanctions

• Risk Management activities / projects in areas like Risk Analytics, Portfolio Management, Risk Appetite, Automation and Risk Governance;
  
  

Conducting Portfolio monitoring and identifying potential risks indicators including early warning signals and highlighting the same to credit and business teams for follow up remedial actions

Implement / Supplement the existing business practices in the Risk Management domain to benchmark with the best business practices

• Job Purpose of Direct Reports: Describe the job purpose of the direct report/s to the job (in 2-3 lines for each report)
• Relationships: Describe the nature and purpose of most important contacts or relationship (except superior/team members) with individuals, departments, organizations inside and outside of the organization, that job is required to interact with in order to deliver the job objectives
  
  

Relationship Type Frequency Nature

Internal

• Business Heads and Relationship team
• Credit Heads and Credit Team
• Risk management teams of Subsidiary and Associate Group companies
• Ongoing basis throughout the year
  
  

Working closely with stakeholders for effective risk recommendation and Portfolio Management of each assigned business like Infra, Mid Market, CME, etc.

Coordinating with stakeholders across ABCL and LOBs to value add on Credit Risk function

• Organizational Relationships: Provide the structure for a level above and below the position for which this job description is written. Use position titles in the structured and indicate all the reports of the position.
  
  

SIGN-OFF: Provide the name of the Manager and the jobholder. Signature needed for the hard copy of the JD. Hard copy to be maintained in the organizational record.

Job Holder

Reports to – Manager

Name

Aditya Bali

Date of Entry / Approval