Hiring For Risk Manager – Housing Finance - Mumbai

Lisa HR Consultancy; Maharashtra; On-site; INR 8,00,000 - 12,00,000; Full time

Job summary

A staffing consultancy is seeking a Risk Manager for a Housing Finance company in Mumbai. The role involves designing and validating Expected Credit Loss (ECL) models and leading the Internal Capital Adequacy Assessment Process (ICAAP). The ideal candidate will have 3-5 years of experience in credit risk modeling, preferably within the NBFC or Housing Finance sector. A CA or MBA in Finance is required, with strong skills in liquidity risk and stress testing.

Qualifications

• 3-5 years in credit risk modelling, ECL, and ICAAP (preferably in NBFC or Housing Finance sector).

Responsibilities

• Design, build, and validate Expected Credit Loss (ECL) models.
• Lead the development of the Internal Capital Adequacy Assessment Process (ICAAP).
• Build quantitative models to assess credit risk.

Skills

Liquidity Risk

ECL model

ICAAP

Market Risk

Stress Testing

Education

CA or MBA Finance

Job description

Job Title: Risk Manager – Housing Finance - Mumbai

Job Description

Responsibilities

ECL Model Development & Monitoring

Design, build, and validate Expected Credit Loss (ECL) models in line with IND-AS 109. Develop PD, LGD, and EAD models using internal data and macroeconomic overlays. Ensure periodic back‑testing, model recalibration, and documentation.

ICAAP Framework & Reporting

Lead the development and annual review of the Internal Capital Adequacy Assessment Process (ICAAP). Identify material risks, conduct stress testing, and prepare ICAAP reports for board and regulatory submission. Work with finance and business teams to assess capital requirements under base and stressed scenarios.

Risk Modelling & Analytics

Build quantitative models to assess credit risk across different borrower segments and geographies. Perform portfolio segmentation and early warning signal (EWS) modeling. Contribute to the development of scorecards and risk rating models.

Regulatory Compliance & Risk Governance

Ensure compliance with NHB/RBI guidelines related to credit risk and capital adequacy. Support internal and external audits, including model validation and regulatory reviews. Maintain detailed documentation and model governance standards.

Cross‑functional Support

Collaborate with Credit, Collections, Finance, and Tech teams to gather data, automate models, and integrate into core systems. Provide insights and support risk‑based decision making for new product launches and policy changes.

Key Skills (Mandatory)

Need someone from Bank / NBFC working in Risk department and major activities must be:

• Liquidity Risk
• ECL model
• ICAAP
• Market Risk
• Stress Testing

Industry

Housing Finance Companies/ NBFC/ Financial Services

Gender

Open

Experience

3-5 years in credit risk modelling, ECL, and ICAAP (preferably in NBFC or Housing Finance sector)

Job Location

Andheri East, Mumbai

Working Days

5 days

Reporting to

Head - Risk

Qualification

CA or MBA Finance

Notice Period

Immediate to 60 days

Relocation

No