Associate, Credit Risk Manager, Risk Management Group

Overview

The Associate, Credit Risk Manager in the Risk Management Group is responsible for designing, formulating and lifecycle-managing the credit policies, risk acceptance criteria and underwriting guidelines for the Prime Loan Against Property (PLAP) secured asset portfolio within Consumer Banking Group Credit.

What you'll do

• Own, review and periodically update the credit policies, Product Programs and underwriting guidelines for PLAP in coordination with business units and senior management.
• Calibrate and refine risk acceptance criteria parameters (such as LTV caps, debt-to-income ratios, collateral eligibility, property valuation metrics and negative area/pincode restrictions) based on macroeconomic trends, portfolio performance and stress-testing results.
• Ensure PLAP policies align with Group Core Credit Policies, Risk Appetite Statements and local regulatory mandates (e.g., RBI Master Directions).
• Continuously monitor portfolio metrics (delinquencies, early-stage flow rates, bounce rates, LTV migration and concentration risk thresholds) to identify emerging credit risks or asset quality deterioration.
• Implement and monitor Management Action Triggers and portfolio caps for PLAP and broader secured lending portfolios.
• Partner with Quality Assurance and Credit Fraud Risk Management teams to review control parameters, address policy/process vulnerabilities and ensure audit readiness.
• Collaborate with Business, Product and Technology & Operations teams to evaluate and structure new product variants, digital/phygital journey integration and alternative scoring models.
• Work closely with Credit Operations and underwriting teams to translate policy into system rules (e.g., One Risk Workbench and IBPM workflows) and operational execution manuals.
• Review and decide on complex policy exception frameworks and set clear delegation of authority matrices for credit managers.

What you'll need

• Bachelor's or Master's degree in Finance, Economics, Business Administration, Statistics or a related quantitative field.
• 8 years of overall banking experience.
• At least 5–7 years of specialized experience in Retail/Consumer Credit Risk, Credit Policy or Portfolio Management, specifically focused on Secured Lending, Mortgages or Loan Against Property.
• Strong understanding of secured lending products, property valuation methodologies, legal title checks, CERSAI regulations and RBI guidelines governing commercial and retail banks in India.
• Strong command over portfolio analytics, credit risk modelling metrics (PD, LGD, EAD) and performance tracking dashboards.
• Excellent communication and collaboration skills with the ability to influence senior business leaders, risk committees and operational teams.
• Demonstrated ability to balance business growth objectives with robust risk controls and rigorous compliance standards.

Nice to have

• Professional risk certifications (e.g., FRM, CFA).

Details

• Location: Regional Office Mumbai.
• Employment type: Full time, regular employee.