Head – Retail Risk – Bank

Alpha Orion; Mumbai; On-site; INR 2,500,000 - 4,000,000; Full time

Job summary

A major banking institution in Mumbai is seeking an experienced leader for their Digital Retail Risk Portfolio. The role demands a minimum of 15 years in model building and credit risk management, focusing on developing, implementing, and maintaining credit risk scorecards. Suitable candidates should possess strong analytical, numerical, and problem-solving skills, along with experience in digital loan products and consumer finance loans. This is an excellent opportunity to drive regulatory compliance and enhance risk analytics.

Qualifications

• Minimum 15 years hands-on experience in model building methodologies and compliance.
• Expert knowledge of analytical techniques applied to credit risk.
• Strong analytical and problem-solving skills essential.

Responsibilities

• Lead the Digital Retail Risk Portfolio of the Bank.
• Ensure development and maintenance of credit risk scorecards.
• Prepare regulatory reports for retail credit portfolio.

Skills

Model building methodologies

Digital Loan Products

Consumer Finance Loans

Credit scoring techniques

Analytical skills

Numerical skills

Research skills

Problem-solving skills

Job description

Overview

Job role:

• To lead the Digital Retail Risk Portfolio of the Bank
• To ensure development, implementation, and maintenance of credit risk scorecards and related policies for credit risk management decisions
• Proactive Portfolio Analytics to ensure a pro-active approach to monitoring and underwriting

Key Result Areas

• Creating the risk and underwriting policies, infrastructure, development and deployment of underwriting models, risk decision strategies and fraud detection
• Being involved in the full life cycle and straddle credit-and non-credit functions (initially)
• Working closely with the senior management team and lending partners in managing Risk/Return of the portfolio, defaults and collections
• Provide recommendations to update the model based on latest data and analysis
• Prepare / support on regulatory reports relating to retail credit portfolio in line with internal & external regulatory requirement
• Assist in implementation of IFRS 9, development of Basel models for the entire retail portfolio
• Deploy the models on rating system and work with IT for effective maintenance of the scoring related information
• Identify analytical opportunities across the credit life cycle – Acquisition, Portfolio Management and Collection
• Develop data-driven analytics to monitor asset quality and minimize credit risk of the retail portfolio
• Ensure timely communication of scorecard monitoring and validation along with insights and recommendations

Knowledge, Skills and Experience

• Minimum 15 years hands on experience in model building methodologies, implementation and compliance
• Experience in Digital Loan Products
• Experience in Consumer Finance Loans
• Expert knowledge of credit scoring techniques
• Strong analytical, numerical, research and problem-solving skills