Credit Manager-FI Risk

Idfc First Bank Limited; Mumbai; On-site; INR 1,800,000 - 2,500,000; Full time

Job summary

Idfc First Bank Limited in Mumbai seeks a Credit Manager – FI Risk to lead the Wholesale Banking Risk function, evaluating creditworthiness, approving or rejecting loan requests, and setting terms and rates.

You will develop credit scoring models, maintain policy frameworks, and partner with the credit systems team to implement policy criteria in evaluation systems, ensuring compliance and portfolio health.

Qualifications

• Graduate degree or higher in a relevant discipline.
• Post Graduate MBA.
• CA certification but it’s not mandatory.

Responsibilities

• Conduct regular asset quality reviews and provide insights to identify risks and opportunities, recommending actions.
• Research and evaluate the creditworthiness of clients.
• Approve or reject loan requests based on credibility, revenue, and risk of losses.
• Calculate and set interest rates; negotiate loan terms with clients.
• Ensure credit policies and risk acceptance criteria are updated to reflect changes in legal, regulatory, business strategies, market conditions, or portfolio performance.
• Develop, review, and update the bank’s credit policies.
• Follow up with clients to manage debt settlements and loan renewals.
• Create and maintain credit scoring models for risk assessment.
• Ensure adherence to the bank’s credit guidelines.
• Maintain records of all bank loans; monitor loan payments and manage bad debts.
• Analyze portfolio performance and monitor delinquency control.
• Share best practices within the team to foster continuous improvement.

Skills

Analytical skills

Decision making

Credit evaluation

Credit scoring

Lending processes

Regulatory compliance

Negotiation

Communication

Portfolio management

Credit systems

Data analysis

Education

Bachelor’s degree or higher

MBA

CA certification (not mandatory)

Tools

Credit systems

Job description

Job Requirements

About the Role

The Credit Manager – FI Risk

is a key position within the Wholesale Banking Risk function, based in Mumbai. The role involves managing the bank’s lending process, including evaluating clients’ creditworthiness, approving or rejecting loan requests, and determining loan terms and interest rates. The role holder will also be responsible for developing credit scoring models, maintaining credit policy frameworks, and partnering with the credit systems support team to implement key policy criteria in credit evaluation systems.

Key Responsibilities

Primary Responsibilities

• Conduct regular asset quality reviews and provide analytical insights to identify risks and opportunities, recommending appropriate actions.
• Research and evaluate the creditworthiness of clients.
• Approve or reject loan requests based on credibility, potential revenue, and risk of losses.
• Calculate and set interest rates; negotiate loan terms with clients.
• Ensure credit policies and risk acceptance criteria are reviewed and updated regularly to reflect changes in legal/regulatory requirements, business strategies, market conditions, or portfolio performance.
• Develop, review, and update the bank’s credit policies.
• Follow up with clients to manage debt settlements and loan renewals.
• Create and maintain credit scoring models for risk assessment.
• Ensure adherence to the bank’s credit guidelines.
• Maintain records of all bank loans; monitor loan payments and manage bad debts.
• Analyze portfolio performance and ensure effective monitoring, trigger reviews, and delinquency control.
• Share best practices and knowledge within the team to foster continuous improvement.

Secondary Responsibilities

• Recommend improvements to processes and policies across the Retail Banking business to enhance operational efficiency and customer service quality.
• Collaborate with internal stakeholders to leverage in-house synergies and drive cross-functional initiatives.

What We Are Looking For

Education

• Graduate degree or higher in a relevant discipline.
• Post Graduate MBA
• CA certified but it’s not mandatory

Experience

• Minimum 10yrs experience in credit risk management, preferably within wholesale or retail banking.

Skills and Attributes

• Strong analytical and decision-making skills.
• In-depth understanding of credit evaluation, scoring models, and lending processes.
• Familiarity with regulatory guidelines and compliance requirements.
• Excellent negotiation and communication skills.
• Ability to manage and monitor loan portfolios effectively.
• Proficiency in credit systems and data analysis tools.
• Leadership capabilities to attract and retain top talent within the team.

Managerial & Leadership Responsibilities

• Attract and retain best-in-class talent for key roles within the reporting structure.

Key Success Metric

• Portfolio Quality