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Credit Risk Manager

3 weeks ago

Bengaluru, Karnataka, India Ujjivan Small Finance Bank Full time
  1. POSITION DESCRIPTION

JOB TITLE

Manager-Credit Risk

DEPARTMENT

Risk

LOCATION

HO

SUB-DEPARTMENT

Credit

TYPE OF POSITION

Full-time

  1. ROLE PURPOSE & OBJECTIVE

  2. To ensure implementation of the credit risk management policy approved by the Board.

  3. To formulate, review and implementation of risk appetite
  4. Monitor credit risks on an SFB wide basis and ensure compliance with the Board approved risk parameters/prudential limits and monitor risk concentrations.
  5. 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.
  6. Review the performance and effectiveness of the credit scorecards, the need for any adjustments, and placing recommendations before the CRO

  7. Review and approve the use of credit scorecards for business and risk management purposes and placing recommendations before the CRO

  8. 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 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 unit

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
  • 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

Treasury team (FO & BO)