Policy Processing Officer

Axis Finance (AFL); Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Axis Finance (AFL) in Mumbai seeks a policy-focused professional to own and manage the unsecured loan policies (Prime & Micro). You will align policy changes with RBI guidelines, oversee annual reviews, version control, and board approvals, and ensure audit traceability across the unsecured portfolio.

You will design new program policies with cross-functional teams, monitor risk indicators, and train sourcing and credit teams to ensure policy adherence and robust STP execution.

Job description

• Own Board approved Credit policy for Unsecured loans ( Prime & Micro) & Strategic Partnerships
• Initiate and align policy changes in line with RBI guidelines
• Oversee and ensure annual review , consolidation & board approval of all policy documents for Unsecured portfolio and monitor portfolio level guardrails
• Ensure policy version control , documentation and audit traceability
• Own and oversee BRE policy automation and maintenance including deployment accuracy, validation and monitoring.
• Monitor Risk appetite framework for Unsecured portfolio in line with Enterprise risk strategy
• Portfolio review and monitoring monitor key trends across budgeted numbers , delinquency KPIs , portfolio level loss and vintage targets
• Design new program/product policy in collaboration with product and business teams with clearly defined No-go cut-offs, portfolio/program trigger guardrails
• Build exceptions/deviations grid and monitor trends and performance
• Conduct rigorous policy training sessions to ensure policy alignment across sourcing / credit teams
• Monitor PAR trends and initiate corrective action plan as warranted
• Monitor rule-based , scorecard based underwriting framework and trends
• Build and strengthen STP strategy , cross-sell opportunity
• Monitor change impact ( Policy /Scorecard/Automation) on balance growth , customer TAT & portfolio quality
• Initiate policy or strategy decisions basis emerging risks

Design & Suggest stress scenarios for Unsecured portfolio basis market dynamics