Job Description
Job Title: Product Risk Manager
Location: Mumbai
Key Responsibilities
- Formulate and execute risk-based underwriting strategies that balance customer acquisition with robust risk management.
- Lead risk segmentation efforts by categorizing loan applicants based on credit scores, financial behaviors, and other key risk indicators to optimize decision-making.
- Develop and refine risk models to improve underwriting decisions and ensure a strong, high-quality loan portfolio.
- Collaborate closely with Data Science, Product, Business, and Operations teams to ensure risk strategies are aligned with broader business goals and objectives.
- Ensure the smooth execution of lending initiatives by integrating risk management processes and protocols throughout operations.
- Evaluate channel partners based on their business models, product offerings, operational processes, and overall creditworthiness, ensuring strategic alignment with organizational risk policies
- Assess and mitigate operational and process risks in collaboration with channel partners, focusing on minimizing external risks to the organization.
- Analyze and understand MLAP/STSL, including key elements such as fraud mitigation, KYC processes, credit checks, and customer onboarding, ensuring all practices adhere to regulatory standards and mitigate risk.
Expectations
- Clearly articulate complex risk strategies to both technical and non-technical audiences, including senior management, clients, and channel partners.
- Exceptional presentation skills, capable of representing the organization in discussions with external partners, clients, and stakeholders.
- Demonstrated ability to lead and collaborate with cross-functional teams across data science, product, operations, and business units.
- Strong interpersonal skills to build and maintain effective relationships with internal and external stakeholders.
- Ability to conduct detailed data analysis and risk assessments, interpreting metrics to drive strategic risk management decisions.
- Innovative problem-solving approach to address complex underwriting and risk management challenges.
Qualifications
- Bachelor's degree in Finance, Business, Economics, or a related field (MBA or advanced degree preferred).
- 5-8 years of experience in risk management, underwriting, or portfolio management in the financial services industry.
- Strong understanding of MLAP/STSL policy and the associated risk management practices, including fraud detection, credit checks, and process automation.
- Proficiency in risk assessment tools, data analytics, and customer segmentation models.
- Experience in credit risk underwriting, especially for retail or personal loans, is preferred.
- Proficiency in data tools (R, Python, SQL) and a deep understanding of risk models and scorecards.
