Senior Manager Risk Policy

SMFG India Home Finance Co; Mumbai; On-site; INR 900,000 - 1,700,000; Full time

Job summary

SMFG India Home Finance Co is seeking a seasoned Risk Policy professional to lead the development and implementation of risk policies for Home Loans. The role involves cross-functional collaboration to identify, assess, and mitigate loan product risks and to align policy frameworks with regulatory requirements and market trends.

The ideal candidate will have 5-10 years of experience formulating and implementing risk policies, a strong grasp of RBI guidelines, and excellent analytical abilities

Qualifications

• 5-10 years of experience in formulating, making, implementing, managing, framing, designing & writing policies for Home Loans or related fields.
• Strong understanding of financial markets, regulations (e.g., RBI guidelines), and industry standards for risk management.
• Excellent analytical skills with ability to interpret complex data sets and communicate findings effectively.
• Proven track record of developing effective risk mitigation strategies that balance business goals with regulatory requirements.

Responsibilities

• Develop and implement risk policies for Home Loans, ensuring compliance with regulatory requirements.
• Collaborate with cross-functional teams to identify, assess, and mitigate risks associated with loan products.
• Conduct regular reviews of policy frameworks to ensure alignment with business objectives and market trends.
• Provide guidance on risk management best practices to team members and stakeholders.
• Analyze data to identify areas of improvement in policy implementation and recommend changes as needed.
• Update and maintain process notes, ensuring adherence to defined procedures.
• Coordinate with internal stakeholders to ensure timely completion of risk-related activities.
• Proposing policy amendments based on business outlook, benchmarking with peers, and identifying lowrisk, highpotential segments to support business objectives.
• Driving key initiatives such as APF, scorecard models, RAG framework, and digital processimprovement projects to strengthen underwriting and operational efficiency.
• Designing frameworks for new business models (Prime HL, HRS) and creating performancetracking mechanisms for Credit and Location reviews.
• Supporting Business and Risk Reviews through preparation of information packs and responding to analytical/data requests from committees and management.
• Preparing and rolling out policies, test programs, amendments, and annual policy renewals while addressing field queries and ensuring alignment with updated guidelines
• Conducting policy trainings and designing L&D content for crossfunctional teams with timely updates based on guideline revisions.
• Undertaking location visits to understand processes, identify gaps, recommend corrective actions, and provide sensitization on portfolio behavior.

Skills

Policy development

Regulatory compliance

Risk management

Data analysis

Job description

Roles and Responsibilities

• Develop and implement risk policies for Home Loans, ensuring compliance with regulatory requirements.


• Collaborate with cross-functional teams to identify, assess, and mitigate risks associated with loan products.


• Conduct regular reviews of policy frameworks to ensure alignment with business objectives and market trends.


• Provide guidance on risk management best practices to team members and stakeholders.


• Analyze data to identify areas of improvement in policy implementation and recommend changes as needed.

• Update and maintain process notes, ensuring adherence to defined procedures

• Coordinate with internal stakeholders to ensure timely completion of risk-related activities

• Proposing policy amendments based on business outlook, benchmarking with peers, and identifying lowrisk, highpotential segments to support business objectives.

• Driving key initiatives such as APF, scorecard models, RAG framework, and digital processimprovement projects to strengthen underwriting and operational efficiency.

• Designing frameworks for new business models (Prime HL, HRS) and creating performancetracking mechanisms for Credit and Location reviews

• Supporting Business and Risk Reviews through preparation of information packs and responding to analytical/data requests from committees and management.

• Preparing and rolling out policies, test programs, amendments, and annual policy renewals while addressing field queries and ensuring alignment with updated guidelines

• Conducting policy trainings and designing L&D content for crossfunctional teams with timely updates based on guideline revisions.

• Undertaking location visits to understand processes, identify gaps, recommend corrective actions, and provide sensitization on portfolio behavior.

Desired Candidate Profile

• 5-10 years of experience in formulating, making, implementing, managing, framing, designing & writing policies for Home Loans or related fields.


• Strong understanding of financial markets, regulations (e.g., RBI guidelines), and industry standards for risk management.


• Excellent analytical skills with ability to interpret complex data sets and communicate findings effectively.


• Proven track record of developing effective risk mitigation strategies that balance business goals with regulatory requirements.