National Lead - Risk Location PUNE - CORPORATE OFFICE Business/Function Not Specified Band E08B Job Reference JR00030840 Job Summary National Lead - Risk Job Purpose Responsible for formulation, dissemination & maintaining adherence of risk policies across the Credit Cards business while managing distribution risk, maintaining loss rates within budget. Job Duties & Key Responsibilities Duties and Responsibilities - Risk Management Risk strategy development Develop/ refine risk policies, risk governance and reporting system for Credit Cards products as part of AOP and ensure adherence to prevent any kind of risks Improving portfolio quality mitigating Risk & Losses Break LRP themes related to risk provided by higher management into smaller projects and lead its implementation to provide proof of concept and execution Portfolio and risk assessment Define right metrices to measure and track risk across the entire credit lifecycle. Baseline each metric against the pre-defined appetite and ensure timely intervention when breach, if any, happens. Review portfolio on periodic basis across various risk metrices, maintain portfolio quality by managing loss rates, conducting loss analysis, and work closely with functional teams, RCU, Collections and Business teams Monitor/ review risk related operational processes, ensure smooth running of workflows, support to resolve any risk related process / system issues Risk mitigation Publish risk data on a periodic basis to shareholders, business senior management to ensure timely corrective actions are taken for the business provide input to management on loss making segments, bottom performing portfolio Monitor adherence to risk policies/ processes in the business and plan corrective actions as needed Maintain accuracy of data, audit trails and timely documentation of reports required by statutory auditors Risk management is all about managing the right customer/segment mix. Make sure that the said mix is pre-defined and ensure that the mix is adhered to at acquisition stage. Define adequate controls such that the mix thresholds are not breached. Stakeholder Management Interact and present the risk health of the portfolio to Internal stakeholders. Socialize opportunities/threats with respect to portfolio risk management and propose actionable as needed Regular interactions with Collections for any early trends on the portfolio quality and feedback Liaison with Business, Product, Partner for process enhancement and Strategic initiatives/developments Required Qualifications and Experience Educational Qualifications a) Qualifications Masters in business administration / Post Graduate in mathematics/ statistics background Experience in Credit Risk & Fraud Analytics and Loss Forecasting Understanding and appreciation of statistical concepts, tools and techniques Understanding and appreciation of programming Good communication and presentation skills. Technical Knowledge and Skills on SAS, SQL, Decision Tree, R, Python etc. b) Work Experience Minimum 10 year of work experience in Banking and Lending (B2C) Knowledge of principles in risk management (life cycle management of customer credit) Understanding of Business rule engine/ basic skill on coding and analytics Knowledge of IT related processes, platform being leveraged for risk management