About the role
Job Purpose To act as the independent risk control function for the business – monitor portfolio health, run early warning and assurance checks, and ensure that lending stays within the approved Risk Appetite and RBI/internal guidelines, so that credit losses remain within the AOP budget. Duties and Responsibilities • Risk Policy Ownership: Review risk policies, the risk appetite framework and concentration/exposure limits across products and PAN-India locations. Identify gaps in existing policies using past cases, loss trends and location-specific learnings. • Portfolio Risk Monitoring: Monitor portfolio quality, vintage performance and emerging risk by customer, bureau band, employer, geography, channel, product and policy cohort. Track performance against the approved Risk Appetite and AOP loss budgets. • Early Warning & Emerging Risk: Build and monitor Early Warning Signal (EWS) indicators to identify risk before it appears in 30+/90+ DPD. Conduct deep dives on abnormal portfolio movements and recommend risk mitigants to the CRO and the first line. • Independent Assurance: Test adherence to approved credit policy and underwriting processes. Conduct sample-based underwriting assurance, identify policy leakage, control gaps and recurring exceptions, and independently validate remediation. • Policy Effectiveness & Swap Sets: Assess whether current policies deliver expected outcomes. Compare policy versus actual performance, analyse deviation populations against standard policy populations, and recommend policy review where evidence indicates deterioration. • Model & Score Governance: Oversee application and behaviour scorecard performance, validate risk scoring models, and support ECL/provisioning frameworks under Ind-AS. • Governance and Regulatory: Monitor compliance with SOP/PPG/RBI circulars, escalate breaches, track remediation and prepare independent risk views for Risk Committees. • Technology Leadership: Stay updated with the latest technology, BFSI, fintech and compliance developments; drive automation and AI/analytics-based risk solutions, including alternate data sources such as Account Aggregator. • Team Development: Participate in hiring, set individual performance expectations, review performance regularly and build functional capability within the risk team. Key Decisions / Dimensions • Risk appetite thresholds, EWS triggers and portfolio cut-offs, in consultation with the reporting manager. • Escalation of policy breaches and control gaps, and the scope of independent assurance reviews.|• Loss rates as defined and approved in the AOP at each product level. Major Challenges • Time taken by various stakeholders to adapt/ implement obligations/ actionable resulting in delay in finalization of checklist and further processing • External, seasonal and market factors continuously move risk parameters, so monitoring has to be continuous. • Time taken by stakeholders to implement agreed actions delays closure of risk items and needs regular follow-up. • Wide spread of locations, products and market dynamics to be covered with a lean team. Required Qualifications and Experience • Graduate / Post-graduate. • Professional qualification such as CA / MBA / Masters in Financial or Risk Management, or equivalent practical experience. Work Experience (Required) • Around 10–12 years of experience in Risk, Credit or Analytics within financial services, with a strong risk/underwriting core. • Experience in risk policy formulation and portfolio monitoring across multiple products. • Experience of team management and senior stakeholder management. Preferred Qualifications • Exposure to scorecards, ECL/Ind-AS and RBI regulatory reporting. • Experience with SQL/analytics tools, decision engines and automation of risk MIS. • Certifications such as FRM or PRM (good to have, not mandatory).