Risk Manager

Kotak Mahindra Bank; Mumbai Suburban; On-site; INR 8,00,000 - 12,00,000; Full time

Job summary

A leading financial institution in Mumbai is seeking a professional to manage credit risk across Housing Finance and Loan Against Property portfolios. The role involves developing risk strategies, ensuring policy compliance, and conducting in-depth analytics. Candidates should have experience with credit risk evaluation and strong skills in statistical tools like Excel, SQL, SAS, and Python.

Qualifications

• Experience in managing credit risk in financial services.
• Strong analytical skills and experience in statistical tools.
• Understanding of regulatory guidelines for housing finance.

Responsibilities

• Process and implement risk strategies for housing finance.
• Maintain an effective risk management system.
• Evaluate compliance with regulatory guidelines.
• Conduct regular monitoring of portfolio KPIs.
• Utilize statistical tools for in-depth risk analytics.

Skills

Risk evaluation

Portfolio analytics

Statistical analysis

Policy compliance

Tools

Excel

SQL

SAS

Python

Job description

To manage credit risk across the Housing Finance & Loan Against Property portfolios by ensuring robust underwriting, portfolio analytics, early warning detection, and policy compliance. The role involves risk evaluation of Home Loan & Loan Against Property proposals, driving risk-adjusted growth, and supporting regulatory and internal audits.

Key Responsibilities:

1. The role requires processing, implementing, and developing risk strategies for Home Loan & Loan Against Property businesses.
2. Operate and maintain an effective risk management system by creating a robust risk framework which includes risk identification, assessment, mitigation, tracking, and reporting.
3. Evaluate product, program, and policy compliance in line with regulatory guidelines and build strong risk controls across all spectrums (Onboarding, Credit, Operations, Fraud, Reputation, etc.).
4. Assess scorecards and formulate policies/strategies based on scorecard analysis.
5. Ensure credit policies align with business strategy and RBI regulatory norms.
6. Conduct regular monitoring of portfolio KPIs: bounce rates, delinquency trends, and Early Warning Signals (EWS).
7. Build and monitor EWS dashboards to detect stress in the mortgage portfolio.
8. Utilize statistical tools (Excel, SQL, SAS, Python) for in-depth analytics as needed.
9. Support ICAAP, IRB, and stress testing documentation efforts.