Risk Manager - Consumer Credit Risk

Risk Manager-Support Services-Consumer Risk

Job Responsibilities

 

• Responsible for defining, creating and implementing credit card post issuance policy (Limit increase, Limit Decrease, PL on Credit card, Balance Transfer etc.) in line with business requirements & acceptable Risk appetite.
• Responsible for overseeing credit card transactions to detect and prevent potential fraudulent or high risk transactions on various MCC’s.
• Creating and implementing rules within the FALCON system to help identify and stop such transactions by blocking of MID’s, Credit Card accounts or Credit limit reduction.
• Test and refine rules to ensure accuracy and effectiveness to prevent unnecessary authorization declines. 
• Jointly own the growth initiative along with the business team, while working within the agreed risk threshold. 
• Continuous Policy change basis model monitoring outcome and Hind sighting. 
• Scan microenvironment, market, competition trends and proactively assess emerging risks. Adjust policies and interventions to manage emerging and forward-looking risk.
• Monitoring various measures and triggers as per documented policy and track performance for identification of early warning risk indicators. Increase the base by an order of magnitude.
• Knowledge of statistics and experience using statistical packages for analysing datasets (Excel, Advance Excel, SAS,SAS Macros etc.)
• Strong analytical skills with the ability to collect, organize, analyse, and disseminate significant amounts of information with attention to detail and accuracy

• Identify all areas of process automation and pushing relevant teams to get them implemented. 

• Continuously audit the implementation part of the processes. 

• Identify the areas of governance requirement, see whether relevant governance processes are in place and ensure implementation of same. 

Educational Qualifications

• Master’s in business administration (MBA /PGDM/Equivalent) for a Tier 1 or 2 institute or must be a Chartered Accountant (CA) is preferable
• At least a bachelor’s degree in mathematics/ statistics/ economics/Engineering or equivalent; master’s degree is desirable. 
• A CFA or FRM certification would be an added advantage.

Skills/Knowledge prerequisites

• At least 10 years of experience with 5 years of Credit Cards policy management. 
• Strong understanding of unsecured lending products like Credit Card, Personal Loans and Line of credit 
• Prior experience in managing risk activities in retail lending and portfolio is essential 
• Should have knowledge of process and risk policy framing. 
• Should have relevant working knowledge of banking systems, BRE and LOS systems. 
• Should be able to manage conflicting opinions. Should be able to interact cross function and bring the buying of all stakeholders. 
• Ability to engage with senior stakeholders at a level of Business head, CRO or similar.

Experience Level

Mid Level