Risk Management Specialist

3 weeks ago


Mumbai, Maharashtra, India IDFC FIRST Bank Full time

Role/Job Title: Risk Management Specialist

Function/Department: Retail Risk Management

Job Purpose:

The Risk Management Specialist will be responsible for reviewing the performance of our Business Loans portfolio and continuously monitoring risk across the portfolio. This role involves reviewing acquisition and portfolio management policies to ensure the growth of the portfolio aligns with the bank's risk appetite.

Roles & Responsibilities:

  1. Position within the retail risk team under the Chief Risk Officer (CRO) vertical, reporting to the Risk Head – Home Loans or equivalent
  2. Understanding of retail loan products, particularly Home Loans/Affordable Home Loans/LAP, with preferred experience in Underwriting/Policy/Risk teams
  3. Data analysis and crunching abilities, with detailed knowledge of portfolio review basis nature/market and features of products, and ability to understand stress segments
  4. Setting up risk thresholds for assigned products within the overall risk appetite of the bank, in coordination with business teams based on yearly projections and budgets
  5. Risk reporting of portfolio and breaches to thresholds set product-wise, with ability to analyze reasons of portfolio performance and enact corrective measures
  6. Vetting policy propositions and approving policy modifications based on merits and associated credit risk
  7. Understanding of credit scoring models and working with stakeholders to strategize model deployment
  8. Proactive engagement with counterparties/stakeholders for fruitful discussion and execution of risk practices
  9. Regular monitoring of portfolio performance on early risk indicators/TTD trends/Segment Mix for assessment of impact of policy changes
  10. Willingness to work on complex data for meaningful insights to enable risk assessment and decision-making

Education Qualification:

Post-graduation: Any post-graduation

Experience: 10 to 18 years of relevant experience in banking/NBFC experience in credit/policy/risk domain for retail home loans



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