Head of Risk

Key Responsibilities:

• Develop and implement risk management policies to facilitate lending activities while ensuring compliance with regulatory requirements.
• Provide strategic guidance on risk-based decisions to optimize business returns.
• Champion the development of adaptable risk models using alternate data sources to enhance credit risk assessment and gain a competitive advantage.
• Oversee the review and enhancement of risk models to ensure their effectiveness in assessing a diverse range of loan applicants.
• Establish and lead rigorous reviews of risk models, credit policies, and procedures to ensure alignment with business objectives and regulatory standards.
• Develop and implement product and portfolio-level credit policies to optimize risk management and business growth.
• Oversee the credit approval process and lending policies, ensuring dynamic adjustments as necessary to operate in the most risk-optimized environment.
• Implement portfolio monitoring systems to track the performance of current and future credit products, enabling proactive risk management.
• Provide leadership and direction to underwriting teams, driving model development and process automation initiatives.
• Collaborate with cross-functional teams to provide risk-related insights that support product innovation and business growth.
• Deliver functional insights on risk management to key stakeholders, influencing business decisions and expansion strategies.
• Monitor emerging risks and utilize risk sensing tools to optimize risk mitigation strategies.
• Compute effective interest and lending rates, and determine risk premiums based on borrower risk profiles.

Qualifications:

• Bachelor's degree in Finance, Economics, Business Administration, or a related field. Advanced degree preferred.
• Proven experience in risk management within the financial services industry, with a focus on credit risk.
• Strong understanding of risk modeling techniques, credit policies, and regulatory requirements.
• Excellent leadership and communication skills, with the ability to collaborate effectively across teams.
• Strategic thinker with the ability to drive innovation and continuous improvement in risk management practices.
• Minimum of 4 years of experience in NBFC/Bank environment.

Note: This job description is intended to convey information essential to understanding the scope of the position and is not exhaustive. Responsibilities and duties may evolve over time as business needs dictate.