AddressPolicy and Risk Manager - Vehicles
Department - Credit and Risk
Location - Mumbai
Education - Graduate with CA or MBA
CTC - 16 Lacs pa
- Requirement - Minimum 5 years of experience in credit risk and policy management with minimum 3 years in Vehicle business only (Used CV and Car)
Purpose of the Role:
To undertake key tasks pertaining to Risk &Policy Management for the Vehicle Finance, drive the same with support of team and working closely with all stakeholders like sales, credit, collections, product, operations, compliance etc.
Primary Functions & Responsibilities:
- Check and keep track on industry trends, key factors impacting industry, performance of trade in local market and regulatory impact.
- Review portfolio every month with respect to delinquency / losses / fraud for the period underwritten. Well versed excel and PPT skills
- Support delivery of Business Volumes with focus on operational efficiency through process changes and effective policy implementation.
- Preparation of various Policies and Programs on timely basis. Ensuring adherence to the Policy/ Procedures by the Credit Function
- Clarifying the stand on Policies on ongoing basis by conducting policy trainings and tests.
- Preparation of various MIS with updated policy and publishing portfolio MIS Compilation and extraction of data for various analysis and put them in structured way for meaning full interpretation
- Preparation of DGV ( Depreciated Grid Value) and monitoring Vehicle prices on regular basis to make timely corrections if required
- Identification of Early warning Risk Indicators through monitoring Triggers and Periodic review of Portfolio at various parameters
- Monitoring various triggers as mentioned in LPOs and other schemes and update, follow with Credit / sales for adherence / exceptions
- Regular monitoring of Risk Triggers set against each programs.
- Tracking disbursement on various cuts to ensure sourcing quality is in line with projections.
- Quantifying major parameters for objective monitoring of portfolio quality.
- Initiation and monitoring of corrective action plans for the burst Triggers through suggestion and changes
- Modification of approval matrix.
- Follow up with sales / credit on sourcing correction
- Identifying and reporting the key trends in various markets - in case of high delinquency, engage in first level dialogue and identify the erring segments with proper corrective action plan
- Ensuring that the corrective plans results in maintaining Net Credit Losses within the budgeted level
- Discontinuing policies and campaigns/programs contributing to higher losses.
- See through the unplanned growth in any geography which is affecting the portfolio quality and put preventive course of action well in advance
- Delegation of high incidence deviations to line teams.Weeding out irrelevant deviations.
- Scorecard development and should have good knowledge of systems, process/policy automation, system UAT so that faster TAT can be delivered without compromising on Risk parameters.
