Risk policy - PL / Mumbai

JobItUs; Mumbai; On-site; INR 1,500,000 - 2,100,000; Full time

Job summary

JobItUs Head Office in Mumbai seeks a Policy Manager to lead risk policy development for unsecured personal loans. You will design and implement risk frameworks, monitor portfolio health, and drive policy improvements to reduce losses across onboarding, credit, and operations.

Key skills include SAS/SQL/Python and Power BI for KPI tracking, strong communication, and cross-functional collaboration. A leadership mindset and result-oriented approach are essential for success.

Qualifications

• Minimum 5 years of experience in policy role in NBFCs, Banks, or MNCs.
• Knowledge about policy framework for personal loan/unsecured products.
• Strong communication skills and ability to lead teams.
• Experience coordinating with multiple stakeholders.
• Proficiency in SAS/SQL/Python and data visualization (Power BI).
• Strong analytical skills.

Responsibilities

• Process, implement and develop risk strategies for personal loan business.
• Maintain and improve risk management system with a robust framework.
• Manage portfolio risk to limit overall losses.
• Monitor delinquencies at micro level and propose policies to enable business and control risk.
• Evaluate products/policies per regulatory guidelines and implement strong risk controls.
• Assess scorecards and formulate policy strategies based on scorecards.
• Implement tech interventions like scorecards and digital journeys.
• Use analytics to track risk KPIs against defined appetites.
• Recommend process/policy improvements to drive efficiency.

Skills

Risk management

Policy development

Stakeholder coordination

Communication

Python

SQL

SAS

Power BI

Data analytics

Excel

Education

BTech/MBA

Statistics degree

Tools

SAS

SQL

Python

Power BI

Excel

Job description

Job Description: Function: Risk Policy unsecured retail consumer loan. Location: Head Office Mumbai Job Role: Personal loan Policy Manager Grade: M5 Number of Position: 1

Job Responsibilities

• The role requires to process, implement and develop risk strategies for personal loan business
• Operate and maintain an effective risk management system by creating a robust risk framework which includes risk identification, assessment, mitigation, tracking and reporting
• Management of portfolio risk to maintain the overall losses in the business
• Monitor portfolio delinquencies at micro level, identification of segments, locations, channels, profiles and proposing policies/ strategies to enable business and control risk
• Evaluate product/programs/policies in line with regulatory guidelines and build strong risk controls across all spectrums (Onboarding, Credit, Operations, Fraud, Reputation, etc.)
• Assessment of scorecards and formulation of policies/ strategies basis scorecard
• Implementation of technological interventions like scorecard, digital journey and automations
• Using analytics to track various risk KPIs against the defined risk appetites
• Recommend improvement to processes and policies to drive operational efficiencies

Job Requirements

• Minimum 5year of experience in similar role of policy team in large sized NBFCs or Banks or ay MNC
• Knowledge about policy framework pertaining to personal loan product/Unsecured product
• Should have good command over language and have good communication skills
• Should have experience in handling teams and coordination with various stakeholders
• Experience in data analytical tools like SAS/SQL or Python and visualization tools like Powerbi
• Should have strong analytical skills

Personality Traits

• Sharp analytical skills and ability to imagine and anticipate probable risks in lending processes.
• Ability to conceptualize and create user-friendly processes and flows.
• Sharp verbal and written communication skills
• Strong on Microsoft tools like Excel, PowerPoint, etc.
• Experience in coding and analytical tools is preferred.
• Ability to deliver projects within tight deadlines.

Education Qualification

• Btech/MBA or Grad/Post Grad in statistics
• Certification in coding languages like SAS/SQL/Pytho

This is an Internal document.