VP - Credit Risk Management

Job Title: Vice President- Credit Risk Management Company Credila Financial Services Limited Location Mumbai Department Risk Degree of travel Occasionally Job Purpose The Head Credit Risk Management is senior role whose holder should be a Credit professional responsible for ensuring that the Credit Risk function achieves its objectives of facilitating prudent risk management, revenue generation, managing impairment, improving the risk control environment and culture and delivery of business enablers within Credit Risk and related departments within the Company Key roles and responsibilities Oversee the identification, assessment, and mitigation of credit risks across Credilas portfolio. Ensure (through regular reviews and recommendations / feedback) that the credit policies and procedures are robust, aligned with regulatory requirements, and support the organizations strategic objectives. Maintain quality of the credit portfolio, optimize risk reward balance, and foster a culture of prudent risk management. Minimize risks in Portfolio Management by prudent lending, monitor key financial metrics (PAR, NPAs, ECL Provisions among other metrics) and regularly review loan book performance indicators to identify concerns from credit decisions / portfolio mix or concentration. Providing day-to-day and long range strategic direction for the Credit Risk function related to all product lines and adjacent areas within Risk and Business functions Creating, implementing and administering Credilas Credit Risk strategies, policies, procedures, credit approvals, portfolio management, portfolio reporting, etc Responsible for providing overall leadership for successful goal attainment within the credit and risk mitigation areas across all product lines and departments to ensure safety and soundness while optimizing the profitability and sustainable growth of the organization. Monitoring the credit portfolio to ensure full compliance with the core principles of good lending enshrined in the Credit Policy, regulatory guidelines, and early recognition of problem credits so as to mitigate against credit risks within the Company. Providing leadership of the Credit Risk team to provide credit risk management input to the Company, efficient and timely credit service, resolving customer complaints and contributing towards achievement of the objectives of the department and the Company. Own the Predictive models deployed in the Credit Risk function like the EWS model, ECL model, Country Risk model etc, ensure that model health is maintained at all times, validations are done as per the required frequency in line with the policies of the Company and regulatory requirements and work towards continuous improvement of these models Overseeing the development and implementation of new models like the Credit Risk Scorecard, Future Income Forecast model, etc. followed by continuous monitoring and dissemination through the Company for achieving the desired outcomes Spearheading the quarterly audits with respect to ECL and other financial metrics; liase with auditors and other functions like Finance and Treasury for timely closure of the audits with minimal adverse observations Ensure that all policies, documentation, SOPs related to the models are up-to-date and approved by the relevant Committees of the Board, as per the desired frequency Ensure necessary controls are in place to address the risks encountered during the credit life cycle from origination, evaluation, documentation, account management and collections, by conducting periodic quality sample checks of Credit files. Ensure all Regulatory and Compliance issues are tracked and closed on time for the unit. Contribute in setting the risk appetite and ensure exceptions are reviewed and tracked to ensure they are operating within approved standards. Track all credit related projects and work with internal and external resources to ensure timely delivery Track the visa and immigrations norms across the key study locations (on and ongoing basis) and effectively communicate the changes across the Company along with the business implications for timely action Ensuring that compliance objectives are met which includes audit and regulatory inspection outcomes as per annually defined targets. Adopting and developing a network of strong partnerships with the Business and Business Support teams and other functions of the Company, particularly decision makers and influencers. Oversee the remedial management process that includes collection of portfolio at risk and recovery of non-performing .