Specialist-Business rule engine
4 weeks ago
Job Description:
ROLE PURPOSE & OBJECTIVE
- Specialist - BRE is responsible for overseeing the design, implementation, and optimization of rule-based systems that govern the credit policies for various loan products.
- This role is critical for ensuring that credit policies align with the banks credit strategy, regulatory requirements, and evolving market conditions.
- The role requires to collaborate with cross-functional teams, including IT, data science, compliance, Product and underwriting teams, to ensure that business rules are effectively embedded in systems and processes. The role also plays a strategic role in assessing and enhancing the automation of credit decision processes.
Business:
- Lead the development and implementation of business rules within the credit policy framework, using a Business Rule Engine (BRE) to automate and optimize decision-making.
- Translate credit policies, risk strategies, and underwriting guidelines into technical rules in BRE.
- Continuously monitor and refine rules to adapt to policy changes, regulatory requirements, and credit risk strategies.
- Collaborate with stakeholders to gather business requirements, ensuring that the BRE aligns with organizational objectives and compliance standards.
- Train regional users on new rules configured in BRE
- Coordinate with IT and vendors on BRE patch updates and ensure smooth migration without business disruptions.
- Analyses the trend for rule fails and assist regions in achieving higher STP rates.
Customer:
- Act as the primary point of contact for the Business Rule Engine and credit policy-related matters across departments.
- Work closely with credit underwriting, risk, product, and IT teams to align rule-based credit decisioning with business objectives.
- Communicate updates and provide training to relevant departments to ensure understanding of new or updated rules.
- Support the credit policy team in developing new risk strategies and testing potential impacts within the BRE.
- Conduct impact analysis to forecast how proposed changes to rules will affect credit decisioning and risk exposure.
- Ensure that the rules effectively manage risk while supporting business goals for customer acquisition, profitability, and compliance.
- Take feedback from regional credit teams and ensure their queries and feedback are addressed on time.
- Maintain BRE tracker and publish the same to regional teams on first week of every month.
- Quarterly analysis on rule fail trend and optimize rules for better efficiency.
Qualifications:
- B.E or B.Tech (IT/CSE), MBA finance.
- Bachelor's/ master's degree in business, Finance, Computer Science, Data Analytics, or related field
Experience:
- 3-5 years of Experience in IT- Banking domain
- Preferably a proven track record of managing and optimizing rule-based systems, particularly in financial services or fintech.
- Proficiency in data analysis tools (e.g., SQL, Python, R etc) and decision automation
- Knowledge of credit scoring models and loan origination processes.
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