Associate Risk Analyst

PayU; Mumbai City; On-site; INR 900,000 - 1,300,000; Full time

Job summary

PayU Finance in Mumbai, India is seeking an Associate Risk Analyst to join its Risk & Analytics team. You will monitor loan portfolios, generate insights, and build leadership dashboards to support responsible growth.

The role requires 1–4 years in credit risk analytics, strong SQL/Excel proficiency, Python, and experience with BI tools like Power BI or Tableau. Collaboration with policy, finance, data, and technology teams is essential.

Qualifications

• Bachelor’s or Master’s degree in Finance, Statistics, Economics, Engineering, or a related quantitative discipline. CA, FRM, or CFA qualification is an advantage.
• 1–4 years of relevant experience in credit risk analytics, portfolio monitoring, lending analytics, risk reporting, or a related analytical role.
• Experience in a bank, NBFC, fintech lending institution, or other financial services organisation is preferred.
• Hands-on experience working on analytical projects and managing end-to-end delivery with business and risk stakeholders.
• Strong proficiency in SQL and advanced Excel for data analysis, reconciliations, and structured reporting.

Responsibilities

• Monitor the performance and risk trends of Personal Loans, SMB Loans, and Transaction Credit portfolios across origination, delinquency, roll rates, losses, vintages, cohorts, and customer segments.
• Maintain regular portfolio reviews, investigate material movements and concentrations, and translate observations into clear risk actions.
• Generate portfolio and risk insights through recurring analysis, deep dives, and early-warning reviews to support responsible growth and sound credit decisions.
• Develop and maintain leadership dashboards and management reporting that provide a clear view of portfolio health, risk trends, key metrics, and emerging concerns.
• Define risk guardrails for portfolio growth, underwriting, exposure, delinquency, and other relevant risk dimensions in partnership with Risk Policy, Finance and Business teams.
• Raise red flags and highlight key risk concerns to Risk Policy, Collections, Business, and Finance, supported by clear analysis and an assessment of potential impact.
• Use SQL, Excel, Python, AI and business intelligence tools to improve recurring portfolio analysis, data quality checks, reporting, and risk monitoring processes.

Skills

Analytical thinking

Problem solving

Attention to detail

Stakeholder management

Communication

Education

Bachelor’s or Master’s degree in Finance, Statistics, Economics, Engineering

Tools

SQL

Excel

Python

Power BI

Tableau

Job description

Job Description:

Associate Risk Analyst

Location - Mumbai, India

Experience: 1 – 4 Years
Domain: Risk & Analytics
Full-Time Opportunity

ABOUT PAYU FINANCE

PayU Finance is a leading fintech lending company, part of the global PayU Group, committed to democratising financial services across emerging markets. We leverage cutting-edge technology and data-driven insights to provide innovative credit products to individuals and businesses. Our Risk & Analytics team sits at the heart of our lending business, ensuring responsible growth through rigorous credit risk frameworks, regulatory compliance, and advanced quantitative modelling.

ROLE OVERVIEW

1. Portfolio Monitoring & Performance

Monitor the performance and risk trends of the Personal Loans, SMB Loans, and Transaction Credit portfolios across origination, delinquency, roll rates, losses, vintages, cohorts, and customer segments.

Maintain regular portfolio reviews, investigate material movements and concentrations, and translate observations into clear risk actions.

2. Portfolio & Risk Insights

Generate portfolio and risk insights through recurring analysis, deep dives, and early-warning reviews to support responsible growth and sound credit decisions.

Diagnose key drivers of performance changes and communicate concise, evidence-based recommendations to relevant stakeholders.

3. Leadership Dashboards & Reporting

Develop and maintain leadership dashboards and management reporting that provide a clear view of portfolio health, risk trends, key metrics, and emerging concerns.

Improve the consistency, timeliness, and usability of dashboards by partnering with Data, Technology, Risk, and Finance teams.

4. Credit-Risk Risk Appetite Statement

Support the definition of the credit-risk Risk Appetite Statement for the covered portfolios, including the metrics, thresholds, and monitoring approach used to assess risk-taking.

Periodically review the Risk Appetite Statement using portfolio performance and risk insights.

5. Risk Guardrails & Ongoing Monitoring

Define risk guardrails for portfolio growth, underwriting, exposure, delinquency, and other relevant risk dimensions in partnership with Risk Policy, Finance and Business teams.

Monitor the guardrails throughout the year, track exceptions and trends, and support timely escalation or corrective action when limits are approached or breached.

6. Risk Escalation & Stakeholder Partnership

Raise red flags and highlight key risk concerns to Risk Policy, Collections, Business, and Finance, supported by clear analysis and an assessment of potential impact.

Work cross-functionally to align on priorities, follow up on actions, and ensure that material portfolio developments receive appropriate visibility.

7. Analytics, Data Quality & Process Improvement

Use SQL, Excel, Python, AI and business intelligence tools to improve recurring portfolio analysis, data quality checks, reporting, and risk monitoring processes.

Contribute to analytical projects and automation that strengthen controls, reduce manual effort, and improve the scalability of portfolio risk management.

QUALIFICATIONS & EXPERIENCE

Education:

Bachelor’s or Master’s degree in Finance, Statistics, Mathematics, Economics, Engineering, or a related quantitative discipline. CA, FRM, or CFA qualification is an advantage.

Experience:

1–4 years of relevant experience in credit risk analytics, portfolio monitoring, lending analytics, risk reporting, or a related analytical role.

Experience in a bank, NBFC, fintech lending institution, or other financial services organisation is preferred.

Hands-on experience working on analytical projects and managing end-to-end delivery with business and risk stakeholders.

Technical Skills:

Strong proficiency in SQL and advanced Excel for data analysis, reconciliations, and structured reporting.

Working proficiency in Python for analysis, automation, and exploratory modelling.

Familiarity with Power BI, Tableau, or other business intelligence and dashboard tools.

Ability to automate recurring portfolio monitoring, data-quality checks, and management reporting processes.

Domain Knowledge:

Understanding of retail and small-business lending portfolios, including Personal Loans, SMB Loans, and Transaction Credit.

Knowledge of credit lifecycle and portfolio risk metrics such as origination, delinquency, roll rates, vintage performance, losses, and concentrations.

Familiarity with credit-risk governance concepts, including risk appetite, risk guardrails, early-warning indicators, and escalation practices.

Exposure to credit bureau data, collections risk, or digital lending portfolios is preferred.

Soft Skills:

Strong analytical, problem-solving, and attention-to-detail skills, with a disciplined approach to data and deliverables.

Clear written and verbal communication, with the ability to present complex quantitative findings in a concise and practical manner.

Collaborative stakeholder management skills and confidence working with Risk Policy, Collections, Business, Finance, Data, and Technology teams.

Ownership, prioritisation, curiosity, and the ability to work effectively in a fast-paced environment.

WHY JOIN PAYU FINANCE?

• High-impact portfolio risk role with visibility to senior leadership and cross-functional stakeholders.
• Opportunity to work across Personal Loans, SMB Loans, and Transaction Credit in a fast-growing fintech.
• Combination of hands-on analytical work, leadership reporting, risk governance, and strategic projects.
• Opportunity to strengthen portfolio monitoring, risk guardrails, and dashboards through automation and advanced analytics.
• Part of a global fintech group operating across 50+ markets.
• Culture of innovation, data-driven decision-making, and continuous learning.
• Competitive compensation, performance bonuses, and comprehensive benefits.
• Collaborative, inclusive, and intellectually stimulating work environment.

Requirements: