Assistant Risk Manager

Vastu Housing Finance; Mumbai City; On-site; INR 800,000 - 1,100,000; Full time

Job summary

Vastu Housing Finance seeks an experienced Credit Risk Analyst to monitor and analyze portfolio performance across products and geographies. You will support ECL modeling under Ind AS 109 and contribute to ICAAP, RAF thresholds, and risk dashboards for senior leadership.

The role requires 2–3 years in credit risk analytics, strong analytical skills, and proficiency with Power BI, SQL, and Excel. Collaboration with Sales, Credit, and Compliance is essential.

Qualifications

• Graduate or postgraduate in Finance, Commerce, Economics, Statistics, Mathematics, Engineering, or related discipline.
• 2–3 years of experience in credit risk analytics, portfolio risk management or risk reporting.
• Prior exposure to ECL, ICAAP or RAF work is an advantage.

Responsibilities

• Analyse portfolio performance across product and geography to spot risk trends and advise Sales, Credit, and Collections.
• Lead monthly portfolio reviews with senior management, highlighting trends and corrective actions.
• Support ECL computation under Ind AS 109, including PD, LGD, EAD and staging analysis.
• Monitor Risk Appetite Framework metrics against thresholds and investigate breaches.
• Contribute to ICAAP including capital adequacy assessment, stress testing, and scenario analysis.
• Develop dashboards and MIS reports for Risk Management and Board reviews.

Skills

ECL Ind AS 109

PD/LGD/EAD

Power BI

SQL

Excel

Python/R

Education

MBA in Finance

CA/FRM preferred

Tools

MS SQL Server

Job description

KEY RESPONSIBILITIES

• Analyse portfolio performance across product and geography levels to identify emerging risk trends and their root causes; provide actionable recommendations to Sales, Credit and Collections teams.
• Conduct monthly portfolio reviews with senior management, highlighting performance trends, emerging risks and areas of concern, and recommending corrective actions to strengthen portfolio quality.
• Support the computation and analysis of Expected Credit Loss (ECL) under Ind AS 109, including PD, LGD and EAD estimation, stage classification, and analysis of drivers of movement in provisions.
• Monitor Risk Appetite Framework (RAF) metrics against approved thresholds, analyse breaches and their causes, and support periodic review and recalibration of thresholds.
• Contribute to the annual ICAAP exercise, including capital adequacy assessment, stress testing and scenario analysis.
• Develop insight-led risk dashboards, MIS reports and presentations for senior management, the Risk Management Committee, the Board and investors.
• Provide analytical inputs to regulatory and annual disclosures, including RBI/NHB returns and inspections, the Board Report and MD&A.
• Ensure the accuracy and integrity of MIS and Power BI dashboards through regular review, reconciliation and validation.

QUALIFICATIONS & EXPERIENCE

• Graduate or postgraduate in Finance, Commerce, Economics, Statistics, Mathematics, Engineering or a related discipline; MBA (Finance), CA or FRM preferred.
• 2-3 years of experience in credit risk analytics, portfolio risk management or risk reporting at an HFC, NBFC or bank.
• Prior hands-on exposure to ECL, ICAAP or Risk Appetite Framework work will be a strong advantage.

DESIRED SKILLS

• Working knowledge of ECL methodology under Ind AS 109, including PD, LGD, EAD and staging concepts.
• Basic understanding of ICAAP, stress testing, the Risk Appetite Framework and RBI/NHB guidelines for HFCs and NBFCs.
• Proficiency in MS Excel, PowerPoint, SQL and Power BI; Python or R for statistical analysis is an added advantage.
• Strong analytical, problem-solving and communication skills, with the ability to move from data to root cause to recommendation.
• Ability to collaborate with cross-functional teams and manage multiple priorities effectively.