Credit Risk Manager

- POSITION DESCRIPTIONJOB TITLEManager-Credit RiskDEPARTMENTRiskLOCATIONHOSUB-DEPARTMENTCreditTYPE OF POSITIONFull-time- ROLE PURPOSE & OBJECTIVE- To ensure implementation of the credit risk management policy approved by the Board. - To formulate, review and implementation of risk appetite - Monitor credit risks on an SFB wide basis and ensure compliance with the Board approved risk parameters/prudential limits and monitor risk concentrations. - Review status of portfolio management, loan review mechanism, risk monitoring and evaluation, regulatory/legal compliance, adequacy of provision, risk concentrations, industry reviews, and suggest corrective measures and activity reviews for credit risk management. - Review the performance and effectiveness of the credit scorecards, the need for any adjustments, and placing recommendations before the CRO - Review and approve the use of credit scorecards for business and risk management purposes and placing recommendations before the CRO- KEY DUTIES & RESPONSIBILITIES OF THE ROLEBusiness/ FinancialsCredit Risk Unit- To develop credit risk appetite/limits statements with support from Business units - To monitor the credit risk parameters and credit exposure / concentration limits set by the SFB's Board of Directors / Risk Management Committee of the Board/ Regulator - To lay down credit risk identification systems, monitor quality of portfolio, identify problem credits and undertake asset quality reviews with support from Business units. - Implementation of credit scorecards with support from Business units. - To analyze early warnings signals in the MSE portfolio, for identification of weak exposures, identify remedial measures in co-ordination with Business units and monitor the actions taken. - Responsible for execution of portfolio risk management activities including concentration risk monitoring and stress testing. - Responsible for ensuring stringent monitoring and management of specifically assigned problem accounts either independently or in co-ordination with the Business units. - Responsible for executing the NPA management strategies in co-ordination with Business units and with support from the Legal department - Monitor portfolio performance on a quarterly basis or as and when directed by the Board or Committee or Regulator and identify associated credit risks - Study the impact of various stress scenarios on different portfolios to complement the regular risk measurement methods - Classification of SMA and watch-list accounts in co-ordination with Business units - Implementation of Internal Audit recommendations specific to the credit risk unitBusiness Risk unit- Develop a comprehensive risk management framework for assessing, identifying, monitoring and reducing pertinent business risks that could interfere with the bank's objectives and goals - Implement the Credit risk management frameworks under the guidance of CRCO and policies for the Bank - Regular review of overall credit portfolio to assess risk quality and recommend risk mitigation measures, if warranted. - Review the management of market and liquidity risks and provide inputs to asset liability management committee and recommend suitable risk management measures as required - Assess the insurance requirements of the bank and arrange appropriate cover for transfer of risks as assessed as appropriate. - Assess the security environment and take necessary steps to protect the interests of all stakeholders across both Physical and Information Technology dimensions.Internal Process- Regular review of overall credit portfolio to assess risk quality and recommend risk mitigation measures, if warranted. - Review the management of market and liquidity risks and provide inputs to asset liability management committee and recommend suitable risk management measures as required - Develop the fraud risk management framework; periodically monitor fraud risk cases and recommend risk mitigation measures, as required in coordination with the CVO - Participate in scheduled meetings of Risk management Committee (for credit risk, operation risk and market risk), Investment Committee and Asset Liability Management CommitteeLearning & Innovation- Provide the risk and compliance staff with sufficient resources, management support and the access required to prevent / detect compliance issues / breaches - Maintain current knowledge of laws and regulations, keeping abreast of the most recent developments in regulations, notifications and circulars and disseminate the information regarding new regulatory developments - Develop, coordinate and impart a multifaceted educational and training program that focuses on the elements of the compliance program, and seeks to ensure awareness creation - Maintain a knowledge base of compliance failures and implications, provide advice on preventive actions to prevent such failures - Ensure goal-setting, midyear -review and annual appraisal process happens within specified timelines for self- MINIMUM REQUIREMENTS OF KNOWLEDGE & SKILLSEducationalQualifications- Bachelor's degree in commerce/MBA in finance - Additional qualification in law, accountancy such as CA/CS/LLB.Experience- At least 10 years of experience in banking business - At least 3+ years of experience in compliance & 3+ years of hands-on experience in risk /audit & inspection functions.Certifications- PO qualifiedFunctional Skills- Knowledge of – credit risk, operational risk, market risk - Knowledge of asset liability management - Knowledge RBI polices/guideline relevant to SFB & banking - Good understanding of policy formulation process - Adept at influencing policy changes for commercial advantage - High operational knowledge and experience in government processes and compliances both at union and state levelsBehavioral Skills- Interpersonal communications - Stakeholder management - Project management skills - Problem solving & critical thinking - Planning & organizingCompetencies Required- Building Relationship - Driving Change - Planning & Organizing- KEY INTERACTIONSINTERNALEXTERNALLegal ManagerRegulatory bodies (including RBI)Internal Audit Dept.Risk rating agenciesAll functional headsChief Compliance Officers or Chief Risk Officers of other banksCFOTreasury team (FO & BO)