Policy Manager – Two Wheeler/Personal Loan – NBFC Kairos Consulting

The Corporate Institute; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

The Corporate Institute in Mumbai seeks a senior Credit Policy & Underwriting Lead who will define and enforce credit policies for TW, PL, and Gold loan products and ensure policy adherence across the sales network.

You will drive digital onboarding and underwriting processes to achieve quick approval TAT while monitoring portfolio health and regulatory compliance, and work with Compliance, Risk, and Tech teams to implement automated, scalable solutions.

Responsibilities

• Review credit strategies, policies and procedures on a regular basis, and recommend amendments.
• Ensure clear communication and adherence of credit decisions to the sales network.
• Liaise with Compliance and Legal departments to ensure all relevant regulatory and governance requirements are met.
• Support in implementation of learning and development programs for Credit Managers to institute culture of credit writing excellence, and for Sales team to ensure stringent sourcing.
• Implement departmental policies, systems, and procedure so that all relevant procedural/ regulatory requirements are fulfilled while delivering a quality and cost-effective service.
• Analyze various portfolio trends and bureau data for future trends for effective decision making.
• Effective interaction with business partners across functions including risk, technology, product management amongst others.

Job description

JOB PURPOSE:

• – Primary accountability for the definition and adherence to credit policies for TW / PL / Gold loan products.
• – Focus on creating an industry-leading credit policy and digital onboarding/underwriting process to provide quick approval TAT for various loans with an eye on market and competition.

PRINCIPAL ACCOUNTABILITIES:

Credit decision making:

• – Review credit strategies, products, policies and procedures on a regular basis, and recommend amendments.
• – Ensure clear communication and adherence of credit decisions to the sales network.
• – Liaise with Compliance and Legal departments to ensure all relevant regulatory and governance requirements are met.
• – Support in implementation of learning and development programs for Credit Managers to institute culture of credit writing excellence, and for Sales team to ensure stringent sourcing.
• – Implement departmental policies, systems, and procedure so that all relevant procedural/ regulatory requirements are fulfilled while delivering a quality and cost-effective service.
• – Analyze various portfolio trends and bureau data for future trends for effective decision making.
• – Effective interaction with business partners across functions including risk, technology, product management amongst others.

Digital Credit Underwriting:

• – Ideate and help launch next-generation lending products and underwriting methods that will drive the next round of innovation and disruption within the rural lending space.
• – Institute high degree of automation in credit decision process required in a digital lending platform, to achieve STP.

Credit Monitoring & Communication and reporting:

• – Ownership of portfolio quality and performance by continuously monitoring portfolio health.
• – Work closely with CE for effective external communication and responding to any enquiries from RBI or any other regulatory / statutory body.
• – Setup a strong portfolio governance mechanism and periodically review the same.