Riverforest Connections Hiring for Vp / Dvp at Mumbai, Maharashtra, India Full Time

Job Description

from 8 to 13 year(s) of Experience
₹ Not Disclosed by Recruiter

Mumbai

Roles and Responsibilities Job Purpose

• To develop strategies to maintain equilibrium between the denominator growth vs numerator affordability with an objective of maximizing product.
• Making policy frame works and operating guidelines for effective delivery of credit underwriting standards.
• Formalizing and reviewing the central and state government schemes basis which the policy dispensation objective is achieved.
• Continuously track the scheme/ loan portfolio for any negative trends and engage with all stakeholders (cross function) on the impact of the same and corrective action required.
• Identify processes for greater efficiency in risk management and credit delivery and to drive process team to implement the solutions for the same.
• To track each government schemes and fund allocation, claim processing or subsidies and forecast its related impact on the portfolio.
• Training and building skill sets in the line underwriting team for understanding the each scheme and its objective for maximizing the quality of due diligence and coverage.
• Regular networking with government officials, other financial institutions, fintechs and industry opinion makers, with an ear to ground approach, towards changing market scenario and behaviors.
• Drive IT/ BPRG team to automate the policy rules through Business Rule engine for effective implementation of policies to track through the door population on new policy changes.

Identification of new scheme /segment and structure policies

• Identifying the new scheme /segments according to the business need and then formulating the policy structure for roll outs.
• See through the economic changes affecting the portfolio quality and put preventive course of action well in advance.
• Policies – Detailing the critical eligible requirement as prescribed in the scheme documents for the acquisition and special customization in terms of delivery process
• Internal benchmarking on acceptable loss rates in light of the other products while keeping overall objective of the bank at a broader level for government business.
• Ensuring Policies are designed to capture the right schemes in different market /segment and will help in meeting the stated business prospect ( as planned during the start of the year ) within the overall Loss rates as planned / defined for the product. Influencing Strategies – Influence the product, underwriting, RIC and collection strategies for each product.

Portfolio monitoring /management/Budget

• Effective implementation of Delinquency triggers in terms of stoppage of any deviation and incremental disbursement.
• Monitoring chq bounce trends and impact on the early delinquency along with budgeted NCL
• Identify/devise key metrics and performance indicators to track movements in the portfolio. Identify the changes in trend and take preventive actions to ensure portfolio quality is maintained.
• Engage himself with the Senior Regional Team members at Line (Sales + Credit + Collection + RIC) and drive the Portfolio Quality Management (PQM) projects for the locations / segments / schemes having high delinquency.
• Preparing Loss budgets for the Government schemes/product with high level engagement with Collection / Business / Analytics and monitor the bounce rates for each of the segments / vintage to remain within the budgeted numbers.

TTD monitoring

• Closely monitor the ‘Through the door’ population – in order to assess the ground realities and identify the change in the population distribution – discussion and implementation of corrective action
• Influencing the business decision with respect to tactical items / schemes and close them at their level
• Providing extensive guidance and support to the team members in terms of correct understanding of latest policy updates /schemes/ guidelines / clarifications / waivers and ensuring that the necessary checks are implemented.
• Keeping track of schemes applicable for respective business and act immediately with revised strategy to avoid loss / enhance business within the defined risk parameters.

Scalability

• Examine each & every process and policy on a continuous basis to ensure that the right set of risk parameters as relevant to the expected scale of biz are focused upon.
• Best risk management practices across the industry as relevant to the product and lifecycle to be examined for homologation to the Indian Business environment.
• Identify the areas where automating can be done to achieve the standardization in underwriting

Engagement with all stakeholders

• Create an atmosphere where the product specific escalations / directions are closed at his end and the solutions are in the best interest of the bank and have concurrence across all business verticals
• Engage himself in defining / approve appropriate “Approval authority” to Line team members according to their performance
• Ensuring cross functional buying for exit list and build strategy for along with collections and business to ensure smooth exit of these accounts

Audit & Compliance

• Cater to audit queries and ensure accurate flow of information to their satisfaction
• Audit findings – to take corrective action basis the observations made.
• RBI Teams – On site – off-site requirements.
• Responses from various IBA/ Customer complaints/ Regulatory escalations / MSMEs dept to be handled
• Product Program to Board and Risk Monitoring Committee

Educational Qualifications

Qualified C.A. or MBA with BE

Key Skills

• Banking Product & Process Knowledge
• Experience in Business Intelligence Tools
• Knowledge of Competition & Current trends in Banking / financial Industry.
• Excellent Communication Skills

Experience Required Familiar with the understanding of working in the policy role with min 5 year and underwriting experience of atleast 3-5 years.Overall experience of 8-10 years in managing the credit and risk of the Retail and SME segment.

Role:Product Manager Salary: Not Disclosed by Recruiter Industry:Banking Functional AreaFinancial Services, Banking, Investments, Insurance Role CategoryLife Insurance/Financial Services Employment Type:Full Time, Permanent
Key Skills
Product ManagerCredit UnderwritingRisk ManagementGovernment Bonds
Education- PG:Any Postgraduate

Company Profile

RiverForest Connections Private Limited
A Leading Private Sector Bank
Company Info

Recruiter Name:Namrata Contact Company:RiverForest Connections Private Limited Telephone:9819980088 Website:http://careers.riverforestconnections.com