Risk Manager- Post Acquisition Risk policy - Credit Card

Kotak Mahindra Bank; Mumbai; On-site; INR 3,500,000 - 7,000,000; Full time

Job summary

Kotak Mahindra Bank is seeking a Vice President of Post Acquisition Risk Policy for Credit Card at its Mumbai Head Office. You will define and manage post-issuance credit card policies, balance transfers, and limit changes, while overseeing transaction monitoring to mitigate fraud and risk.

The role requires strong analytical skills, experience with SAS and Excel, and the ability to collaborate with senior stakeholders across functions.

Qualifications

• MBA/PGDM or CA from a Tier 1 or 2 institute or equivalent.
• Bachelor’s degree in mathematics/statistics/economics/engineering or equivalent; Master’s preferred.
• CFA or FRM certification would be an added advantage.

Responsibilities

• Define, create and implement post-issuance policy for credit cards (limits, PL on credit card, balance transfers, etc.) in line with business needs and risk appetite.
• Oversee credit card transactions to detect and prevent fraudulent or high-risk activity across MCCs.
• Create and implement rules in the Falcon system to identify and stop such transactions by blocking MID’s or credit card accounts.
• Test and refine rules to ensure accuracy and prevent unnecessary declines.
• Collaborate with the business to drive growth within risk thresholds.

Skills

Risk policy

Credit cards

Stakeholder management

Analytical skills

Statistics tools

Education

MBA/PGDM or CA

Bachelor in math/statistics/economics/engineering

CFA/FRM

Tools

SAS

SAS Macros

Excel/Advanced Excel

Job description

Function: - Risk Policy unsecured retail Credit Card.

Location: - Head Office Mumbai

Job Role: - Vice President, Post Acquisition Risk policy - Credit Card.

Job Responsibilities

• Responsible for defining, creating and implementing credit card post issuance policy (Limit increase, Limit Decrease, PL on Credit card, Balance Transfer etc.) in line with business requirements & acceptable Risk appetite.
• Responsible for overseeing credit card transactions to detect and prevent potential fraudulent or high risk transactions on various MCCs.
• Creating and implementing rules within the FALCON system to help identify and stop such transactions by blocking of MID’s, Credit Card accounts or Credit limit reduction.
• Test and refine rules to ensure accuracy and effectiveness to prevent unnecessary authorization declines.
• Jointly own the growth initiative along with the business team, while working within the agreed risk threshold.
• Continuous Policy change basis model monitoring outcome and Hind sighting.
• Scan micro environment, market, competition trends and proactively assess emerging risks. Adjust policies and interventions to manage emerging and forward-looking risk.
• Monitoring various measures and triggers as per documented policy and track performance for identification of early warning risk indicators. Increase the base by an order of magnitude.
• Knowledge of statistics and experience using statistical packages for analysing datasets (Excel, Advance Excel, SAS,SAS Macros etc.)
• Strong analytical skills with the ability to collect, organize, analyse, and disseminate significant amounts of information with attention to detail and accuracy
• Identify all areas of process automation and pushing relevant teams to get them implemented.
• Continuously audit the implementation part of the processes.
• Identify the areas of governance requirement, see whether relevant governance processes are in place and ensure implementation of same.

JOB REQUIREMENTS

Skills/Knowledge prerequisites

• At least 10 years of experience with 5 years of Credit Cards policy management.
• Strong understanding of unsecured lending products like Credit Card, Personal Loans and Line of credit
• Prior experience in managing risk activities in retail lending and portfolio is essential
• Should have knowledge of process and risk policy framing.
• Should have relevant working knowledge of banking systems, BRE and LOS systems.
• Should be able to manage conflicting opinions. Should be able to interact cross function and bring the buying of all stakeholders.
• Ability to engage with senior stakeholders at a level of Business head, CRO or similar.

Educational Qualifications

• Must hold a Master in Business Administration (MBA /PGDM/Equivalent) for a Tier 1 or 2 institute or must be a Chartered Accountant (CA).
• At least a Bachelor’s degree in mathematics/ statistics/ economics/Engineering or equivalent; Master’s degree is desirable.
• A CFA or FRM certification would be an added advantage.

Personality Traits

• Sharp analytical skills and ability to imagine and anticipate probable risks in lending processes.
• Ability to conceptualise and create user-friendly processes and flows.
• Ability to tackle new and unforeseen challenges.
• Attention to detail.
• Sharp verbal and written communication skills,
• Adept in conflict management.
• High level of integrity
• Empathy
• Ability to deliver projects within tight deadlines.