Manager credit risk

POSITION DESCRIPTION
JOB TITLE
Manager-Credit Risk
GRADE
AVP-I
DEPARTMENT
Risk
LOCATION
HO
SUB-DEPARTMENT
Credit Risk
TYPE OF POSITION
Full-time
REPORTS TO
Lead -Credit Risk
REPORTING INTO
NA
ROLE PURPOSE & OBJECTIVE
To ensure implementation of the credit risk management policy approved by the Board.
To review, monitor and highlight exceptions to Credit Risk related KRIs
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 from policy perspective, the need for any adjustments, and placing recommendations before the CRO
Submission of Regulatory Returns
Internal Audit management
EWS Monitoring
RFA monitoring to RMCB
Industry reviews
Field visits
Preparing CRMC ppt’s and consolidating the CRMC agenda
CRMC Minutes maintenance
SIZE OF THE ROLE
FINANCIAL SIZE
NON-FINANCIAL SIZE
CAPEX / OPEX Budgets resting with the role: N/A Total Buying / Procurement: N/A Total Revenue : N/A Portfolio Managed: Gross advances as at reporting date
Number of vendors / consultants: NIL
Number of portfolio products: 7-8
Volume of products and services : 7-8
Quantity of equipment / stocks / projects / etc.: NIL
Credit files received / underwritten: NIL
Volume of new hires onboarded: 1-2
Volume of recruitment etc: 1-2
KEY DUTIES & RESPONSIBILITIES OF THE ROLE
Business/ Financials
Credit 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 analyse 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 unit.
Submission of Regulatory Returns
Internal Audit management
EWS Monitoring
RFA monitoring to RMCB
Industry reviews
Field visits
Business 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
Drive the communication of all risk related policies, guidelines, latest developments across the bank to facilitate compliance to it.
Assess and quantify impact of risks across every vertical (business and functional units)
Assess the risk of all new products introduced by the bank, fixing of limits and amendments in the relevant policies.
Provide strategic guidance and consultative advice to the businesses within the bank to ensure a consistent approach towards risk management and to enable them to develop appropriate divisional/departmental policies and procedures to reduce risk.
Oversee design, development and implementation of risk rating systems and processes for retail and non-retail portfolios in conjunction with the business units
Directs the risk assessment/compliance as per the risk Appetite and risk limits set by the Board and report key areas of non-compliance to the Board & top management for corrective action as appropriate.
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 Committee
Learning & 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 & SKILLS
Educational
Qualifications
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 qualified
Functional 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 levels
Behavioral Skills
Interpersonal communications
Stakeholder management
Project management skills
Problem solving & critical thinking
Planning & organizing
Competencies Required
Building Relationship
Driving Change
Planning & Organizing
KEY INTERACTIONS
INTERNAL
EXTERNAL
Legal Manager
Regulatory bodies (including RBI)
Internal Audit Dept.
Risk rating agencies
All functional heads
Chief Compliance Officers or Chief Risk Officers of other banks
CFO

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