Risk Manager

About the Company

Credila Financial Services Limited (Formerly known as HDFC Credila Financial Services Limited) is one of India’s largest education loan non-banking financial companies (NBFCs) offering education loans to Indian students. With an in-depth understanding of the higher education domain in India as well as overseas, Credila offers tailor-made education loan solutions that help enable students to be financially equipped to pursue their education at their dream university and country of study. Since inception, Credila has funded 178,000+ Indian students across 63 countries in 4,600 institutes

Responsibilities

• Designing and implementing an overall risk management process for the Education Loan portfolio, which includes an analysis of the financial impact on the company when risks occur
• Performing a risk assessment: Analyzing current risks and identifying potential risks that are affecting the company
• Own the portfolio risk metrics - Loss forecasting, Stress testing, Credit Risk, Liquidity risk, Collections performance strategy overall ROA by segment.
• Monitor portfolio risk from granular dimensions and constantly implement strategies to maintain risk metrics within specific ranges.
• Monitor various operational metrics and develop alerting mechanisms to maintain process efficiency
• Designing and implementing strategies for Underwriting, Account Management, Portfolio Monitoring and Collections
• Develop risk-based credit policies and pricing grids to maximize approvals within specific segments of risk
• Work with data science team which will develop algorithms and scorecards and drive decision models across various business segments.
• Partner with Engineering team to implement policies and scorecards.
• Supervise creation of time-sensitive analytics, visualizations, and complicated, high-visibility reports for Risk and Business management to use in portfolio monitoring and strategic decision-making.

Data Analytics

• Analyze data to identify high risk segments to limit and decrease loss rates.
• Perform exploratory data analysis to identify interesting data trend/ insights.

Model Validation

• Build/Validate statistical scoring models on Unsecured lending portfolios that would aid in customer segmentation.

Policy formulation

• Develop new policies for new partners and channels (Acquisition & Line management)
• Review and update policies for existing partners in case of any change.
• Work with tech team to design test and implementation for any changes (partner related or regulatory) in policies.

Portfolio Management

• Constantly Evaluate portfolio performance.
• Benchmark to Industry Standards.

Loss Management

• Monitor Loan portfolio on a daily/weekly basis for any increase in risk (loss rates)
• Forecast loss for Education Loan portfolios

Stakeholder Management

• Interacting with cross functional teams and driving the credit policy agenda and ensuring correct implementation of credit policy guidelines in origination system and decisioning platforms
• Lead discussions with external stakeholders/ channel partners during engagement calls

Skills

• Have strong business understanding of the retail lending business in India and understanding of the regulatory landscape
• Should have hands-on experience working as data analyst or data scientist or statistical modeler in retail space, preferably in financial services or ecommerce.
• Strong experience in establishing and managing high-performing teams with a collaborative leadership approach.
• Outstanding communication skills, both verbal and written

Qualifications and Experience

• MBA with Mathematics / Statistics / Information Management as a subject in the curriculum or CA/ CFA with relevant experience
• 2-5 years of experience in the areas of Risk Management, Credit Modelling, Data Analytics, etc. (preferred).

Job Location: Mumbai (Kalina)