Head of Risk- Personal loans

1 week ago


Delhi, Delhi, India Michael Page Full time
Competitive Compensation Leadership opportunity

About Our Client

Fast growing lending fintech primarily in unsecured retail lending based out of Delhi NCR

Job Description

Job Responsibilities:

Credit Risk Strategy: Develop and implement the credit risk management strategy in alignment with the company's business objectives. Establish risk appetite and credit policies to manage portfolio risk effectively. Monitor credit trends and industry developments to proactively address potential risks. Data Analysis and Model Development: Oversee the design and development of credit risk models, including but not limited to credit scoring, portfolio analysis, stress testing, and provisioning models. Utilize advanced statistical and machine learning techniques to analyze credit data and predict default and delinquency rates. Continuously refine models and methodologies to improve the accuracy and effectiveness of credit risk assessments. Portfolio Management: Monitor and analyze the performance of the credit portfolio, identifying areas of concern and opportunities for improvement. Implement risk mitigation strategies to optimize the overall risk-return profile of the lending portfolio. Ensure compliance with relevant regulatory requirements and reporting obligations. Team Leadership: Lead and mentor a team of credit risk analysts and data scientists, fostering a culture of innovation, collaboration, and excellence. Provide guidance and support in complex risk-related decision-making processes. Encourage professional development within the team and promote a high-performing work environment. Cross-Functional Collaboration: Collaborate with product development, finance, and marketing teams to assess credit risk implications for new product offerings and marketing strategies. Engage with technology teams to enhance data infrastructure and drive automation in risk processes. Work with legal and compliance teams to ensure adherence to relevant regulations and best practices. Reporting and Communication: Present risk assessments, portfolio performance, and recommendations to senior management and other stakeholders. Communicate complex risk concepts and insights in a clear and concise manner to various audiences.

The Successful Applicant

Requirements:

A master's or in finance, statistics, economics, mathematics, data science, or a related field. Proven experience (typically 15+ years) in credit risk management within the financial industry, preferably within a fintech or digital lending environment. Strong analytical and quantitative skills, with expertise in statistical modeling and data analysis techniques. Proficiency in programming languages such as Python, R, or SQL. Experience with credit risk modeling and analytics tools (, SAS, MATLAB, or similar). In-depth knowledge of regulatory requirements and industry best practices related to credit risk management. Demonstrated leadership experience, with the ability to lead and develop a high-performing team. Excellent communication skills and the ability to convey complex concepts to both technical and non-technical stakeholders. Strong problem-solving abilities and a proactive approach to risk management challenges.

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