Lead - Risk/Senior Lead - Risk

Job Purpose

This position is open with Bajaj Finance ltd.

- Risk Management is core to Bajaj Finance.
- Most of the decisions in Risk Management are data driven and ECL framework involves implementation of regulatory guidelines.
- Credit Loss calculation is an integral part of the Risk- Expected Credit loss framework.
- The team looks at multi-variate dimensions from a risk perspective for calculating the expected credit loss, scenario analysis, forecasting etc.
- The Risk -ECL team assesses parameters like PD (probability of default), EAD and LGD which are critical from a regulatory perspective and forms important aspect of regulatory reporting purpose.
- Expected credit loss being an important part of the Balance sheet management, this role gives an opportunity of going beyond the above and gives deeper insights on the Regulatory norms on Loss, Credit Risk, involves reconciliation of data and ensuring that the loss calculation is correct as per the financial accounting and regulatory norms.

Duties and Responsibilities

3.
- PRINCIPAL ACCOUNTABILITIES

(Accountabilities associated with the job)

Monthly review and assessment of the ECL & INDAS loss numbers

Run Control checks on the ECL output basis INDAS framework & RBI norms

Build loss reconciliation framework

Performing checks on the data consistency and parameters as per the management accounting and ECL norms

Provide insights on Trial Balance and ensuring that data flowing for loss calculation is as per the statutory accounting practices.
- Loss forecast methodology design and execution.
- (includes Mapping of business and products).
- Understanding and implementation of policies such as Write-off policy/ ECL policy etc

Support any adhoc deep dive data analysis on portfolio metrices

Support in Data analysis and segmentations.
- Ongoing liaising with Finance, IT, Credit and BIU teams to ensure all policies, processes, data flow are working efficiently, and all required changes are build and implemented suitably

4.
- MAJOR CHALLENGES

(Challenges faced on an on-going basis in carrying out the job)

-Updated on adopted internal accounting procedures

-Updated on IND-AS accounting framework

-Incorporate the regulatory changes, as and when announced

-Liasing with Finance, IT and other teams to get models implemented in the systems

5.
- DECISIONS

(Key decisions taken by job holder at his/her end)

-Mapping of Business/products used for loss forecasting

-Business interpretation of statistical models

-Advising on accounting/regulatory changes which impact loss calculation.
- 6.
- INTERACTIONS

(Key working relationships a job holder needs to have INSIDE and OUTSIDE the company to accomplish the job)

Internal Clients

Roles you need to interact with inside the organization to enable success in your day to day work

Portfolio Risk Managers, Finance team, Information Technology (IT), Portfolio Business heads, Chief Risk Officer, Risk Analytics Head.

Required Qualifications and Experience

SKILLS AND KNOWLEDGE

(Minimum acceptable proficiency for this job which best indicates the education and/or experience requirements of this job and not the incumbent)

Educational Qualifications
- Qualifications

CA with 5-7 years in Finance/Accounting/Credit Risk

Knowledge in SQL would be an advantage
- Work Experience
- 5-7 years relevant experience in Balance sheet management with specific focus on loss computation, regulatory framework implementation and compliance.
- Knowledge of Capital and Provisioning framework and computation.
- Strong MS-Office skills
- Experience in handling huge data and the ability to do root cause analysis.
- Individual contributor with the capability to deliver projects within timeline
- Effective verbal and written communication skills