Associate, Credit Risk Manager, Risk Management Group

DBS Bank Ltd; Mumbai; On-site; INR 2,800,000 - 4,200,000; Full time

Job summary

DBS Bank Ltd in Mumbai seeks a Policy Manager for Prime Loan Against Property (PLAP) to design and manage credit policies, RAC, and underwriting guidelines within Retail Credit Risk. The role requires coordinating with business units and senior management to balance growth with prudent risk controls.

The incumbent will monitor portfolio health, implement action triggers, and support audit readiness with CFRM and QA teams, ensuring RBI compliance and robust fraud mitigation.

Qualifications

• Data-driven and analytical mindset for portfolio metrics, PD/LGD/EAD models, and performance dashboards.
• Excellent communication and collaboration with senior leaders, risk committees, and operations teams.
• Ability to balance growth objectives with robust risk controls and regulatory compliance.

Responsibilities

• Design, update, and align PLAP credit policies, RAC, and underwriting guidelines with RBI and internal policies.
• Monitor portfolio health and triggers; manage delinquencies and concentration risks; support QA and CFRM reviews.
• Collaborate with Business, Product, and T&O teams to evaluate new programs and digital workflows; translate policy into system rules.

Skills

Data-driven analytics

Stakeholder management

Governance mindset

Regulatory knowledge

Education

Bachelor’s/Master’s degree in Finance/ Economics/ MBA

Job description

Job PurposeThe Policy Manager for Prime Loan Against Property (PLAP) is responsible for designing, formulating, and lifecycle-managing the credit policies, risk acceptance criteria (RAC), and underwriting guidelines for secured asset portfolios (specifically Loan Against Property / PLAP) within Consumer Banking Group (CBG) Credit.The role ensures that the portfolio growth aligns with the bank's approved Risk Appetite Framework while balancing aggressive business expansion goals with prudent credit risk controls, regulatory compliance (RBI guidelines), and fraud mitigation.Job Duties & Requirements1. Policy Formulation and Framework DesignCredit Policy Architecture: Own, review, and periodically update the credit policies, Product Programs (CPP), and underwriting guidelines for Prime Loan Against Property (PLAP) in coordination with business units and senior management.Risk Acceptance Criteria (RAC): Calibrate and refine RAC parameters (such as LTV caps, debt-to-income ratios, collateral eligibility, property valuation metrics, and negative area/pincode restrictions) based on macroeconomic trends, portfolio performance, and stress-testing results.Standardization: Ensure clear alignment of PLAP policies with overarching Group Core Credit Policies, Risk Appetite Statements (RAS), and local regulatory mandates (e.g., RBI Master Directions).2. Portfolio Monitoring, Analytics & Quality AssurancePortfolio Health Tracking: Continuously monitor portfolio metrics (delinquencies, early-stage flow rates, bounce rates, LTV migration, and Concentration Risk thresholds) to identify emerging credit risks or asset quality deterioration.Trigger Management: Implement and monitor Management Action Triggers (MAT) and portfolio caps for PLAP and broader secured lending portfolios.Audit & Compliance Support: Partner with Quality Assurance (QA) and Credit Fraud Risk Management (CFRM) teams to review control parameters, address policy/process vulnerabilities, and ensure audit readiness.3. Cross-Functional Collaboration & Product ExpansionNew Product Programs (NPP): Collaborate with Business, Product, and Technology & Operations (T&O) teams to evaluate and structure new product variants, digital/phygital journey integration (e.g., automated appraisal workflows, API-driven verification), and alternative scoring models.Process Alignment: Work closely with Credit Operations (CBO) and underwriting teams to ensure seamless policy translation into system rules (e.g., One Risk Workbench/ORWB, IBPM workflows) and operational execution manuals.Exception & Escalation Governance: Review and decide on complex policy exception frameworks, setting clear delegation of authority (DoA) matrices for credit managers.Required ExperienceBachelor’s/Master’s degree in Finance, Economics, Business Administration, Statistics, or a related quantitative field.Professional risk certifications (e.g., FRM, CFA) are an added advantage.Education / Preferred QualificationsGraduate / Post Graduate in relevant field.Core CompetenciesTechnical CompetenciesDeep Regulatory & Product Knowledge: Strong understanding of secured lending products, property valuation methodologies, legal title checks, CERSAI regulations, and RBI guidelines governing commercial and retail banks in India.Data-Driven & Analytical: Strong command over portfolio analytics, credit risk modelling metrics (PD, LGD, EAD), and performance tracking dashboards.Stakeholder Management: Excellent communication and collaboration skills with the ability to influence senior business leaders, risk committees, and operational teams.Governance Mindset: Demonstrated ability to balance business growth objectives with robust risk controls and rigorous compliance standards.Work Relationship8 years of overall banking experience, with at least 5–7 years specialized experience in Retail/Consumer Credit Risk, Credit Policy, or Portfolio Management—specifically focused on Secured Lending, Mortgages, or Loan Against Property (LAP)DBS India - Culture & BehaviorsPerformance through Value Based PropositionsEnsure customer focus by delighting customers & reduce complaintsBuild pride and passion to protect, maintain and enhance DBS’ image and reputationEnhance knowledge base, build skill sets & develop competenciesExecute at speed while maintaining error free operationsMaintain the highest standards of honesty and integrityLocation:Regional Office MumbaiJob:Risk ManagementSchedule:RegularEmployee Status:Full time