Job Requirements
About the Role
The
Senior Risk Manager – Education Loan will be part of the Retail Business Risk function within Retail Banking, based in
Mumbai . This role is responsible for driving book growth through the implementation of a robust Education Loan policy and credit decisioning framework. The incumbent will ensure portfolio quality, adherence to governance standards, and cost-effective risk management. The role also involves benchmarking industry best practices and leveraging digital processes to enhance efficiency and control.
Key Responsibilities
Primary Responsibilities
- Drive book growth by implementing a new Education Loan policy and credit decisioning framework.
- Conduct regular asset quality reviews and provide analytical insights to identify risks and opportunities, recommending appropriate actions.
- Review and update program risk acceptance criteria in response to changes in legal/regulatory requirements, business strategies, market conditions, or portfolio performance.
- Strengthen controls to mitigate risks across onboarding, credit, operations, fraud, and reputation.
- Forecast portfolio trends, estimate potential losses, and implement control measures.
- Monitor portfolio delinquencies at a granular level, identifying high-risk segments, locations, and customer profiles.
- Align product risk appetite with growth objectives and the Bank's Risk Appetite Framework, including risk-based pricing strategies.
- Drive technological interventions such as scorecards, digital journeys, and process automation to enhance efficiency.
- Collaborate with internal stakeholders to leverage synergies and ensure cohesive policy execution.
Secondary Responsibilities
- Support cross-functional initiatives and contribute to strategic projects that enhance the Bank's risk and policy framework.
- Provide thought leadership in policy development and risk governance.
What We Are Looking For
Education
- Graduation: Full time graduate in any discipline from a recognised institution.
- Post-graduation: MBA from a recognised institution.
Experience
- Minimum of 6 years of experience in policy management, risk governance, or related roles within the banking or financial services industry within industry.
Skills and Attributes
- Strong analytical and problem-solving skills with a data-driven approach.
- Deep understanding of retail banking products and risk management principles.
- Ability to influence and collaborate with cross-functional teams.
- Excellent communication and stakeholder management skills.
- Proficiency in leveraging technology for policy implementation and process improvement.
- Strategic mindset with attention to detail and regulatory awareness.
