Vice President:Risk_AFL

Axis Finance Limited; Mumbai; On-site; INR 1,200,000 - 1,500,000; Full time

Job summary

A financial services company in Mumbai is seeking a candidate to own and oversee the credit policy for secured loans in compliance with RBI guidelines. Responsibilities include monitoring portfolio trends, conducting policy training, collaborating on policy design with product teams, and ensuring documentation and audit traceability. Ideal candidates should expect to engage in strategy decisions based on emerging risks, while strengthening collateral policies in collaboration with relevant teams.

Responsibilities

• Own Board approved Credit policy for Secured loans in line with RBI guidelines.
• Oversee and ensure annual review, consolidation & board approval of all policy documents for Secured portfolio.
• Ensure policy version control, documentation and audit traceability.
• Own and oversee BRE policy automation and maintenance including deployment accuracy, validation 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.
• 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.
• Initiate policy or strategy decisions based on emerging risks.
• Closely monitor PDD framework and initiate corrective action as warranted.
• Strengthen Location wise Collateral policy in collaboration with Product and Business team.

Job description

• Own Board approved Credit policy for Secured loans in line with RBI guidelines
• Oversee and ensure annual review , consolidation & board approval of all policy documents for Secured portfolio & 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.
• 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
• Initiate policy or strategy decisions basis emerging risks
• Closely monitor PDD framework and initiate corrective action as warranted
• Strengthen Location wise Collateral policy in collaboration with Product and Business team