Job Summary

The purpose of this job is to execute risk and credit operations on the basic transactions assigned, as per established frameworks and processes, ensuring sound portfolio quality management. Further, this role coordinates with Sales, Operations and ABFL Risk colleagues to ensure efficient and effective risk management operations.

Job Context and Major Challenges

Part of the Aditya Birla Ficial Service Group (ABFSG), Aditya Birla Housing Fice Limited (ABHFL) is registered with the National Housing Bank as a housing fice company under the National Housing Bank Act, 1987. The company offers a complete range of housing fice solutions such as home loans, home improvement home construction loans, balance transfer topup loans, loans against property construction fice. The company acquired its license on has aggressive growth plans. ABHFL operates in the trillion Indian Housing Fice market, which has grown at a steady rate of 17% CAGR over the last 3 years while reporting good asset quality despite challenges in the operating environment. While the industry is dominated by five large groups, there has been an emergence of newer entrants in niche segments like affordable housing selfemployed borrowers, given the high potential in these segments. Despite increased focus by banks, HFCs have been able to maintain their share in the mortgage market has remained reliable at ~37% as on December 2015. The nature of the HFC business (dealing largely with retail customers in the potentially sensitive area of housing/ mortgages), along with the additional regulatory control mechanisms imposed as a result, means it is imperative that all functions processes align comply with sound risk management guidelines applicable regulations/ controls proactively judiciously. This is vital for managing risk protecting interests of both the business as well as the customer. While the core responsibility for this function is to control the business via robust underwriting risk management, supporting business expansion via joint evaluation of different product/ market growth proposals with the Sales team is also an important contribution. The Credit Manager plays the role of executing risk credit operations in line with established guidelines norms,



securing the organization against diverse risks in local business operations via process measures checks. This role is responsible for ensuring robust efficient creditworthiness risk assessment. He/ She is the ears on the ground member of the Risk Team who meets every customer as part of the underwriting process also visits the property which is being funded. Therefore, he/she needs to have an understanding of the Legal Valuation framework to be able to perform their role satisfactorily.

Key Challenges

While the ABFL Mortgages team also works with retail customers in the property space, the ABHFL business is exposed to the additional Construction Risk, i.e. risk from under construction projects not getting completed as planned. ABHFL is in its inception phase as a company in the midst of rapid growth. The Risk function must therefore be able to balance priorities of risk management business growth efficiently, without increasing subprime exposures or impacting business health sustainability.

The housing space is characterized by statewise norms business practices, as well as varied interpretations of regulatory guidelines by different stakeholders. It is therefore essential for Risk function team members to remain up to date on business practices/ norms in their respective states/ locations work within regulatory guidelines in a manner that minimizes business risk also supports growth objectives.

Enabling Skill Sets

Qualifications

Critical skill sets required to meet these challenges include business commercial acumen, analytical skills, interpersonal presentation skills, execution capabilities. Education experience required to fulfil this profile are a CA/ MBAFice with minimum 03 yrs of experience in a bank/ NBFC/ HFC.

Key Responsibilities (KRA) and Actions

- Underwriting and Portfolio Quality Management: Execute risk and credit operations for basic transactions assigned,



in adherence with defined frameworks and principles across ABHFL business lines. Seek guidance from seniors proactively and gather insights on technical aspects as well as state/ property specific considerations for effective risk assessment of individual cases. Liaise with relevant ABFL Risk team members for clarifications on Legal/Technical evaluations, as required.
- Process Efficiency: Execute risk operations efficiently and in a manner that enables business performance while ensuring risk management imperatives. Coordinate seamlessly with Credit Processing Analysts to ensure case files are logged appropriately before proceeding to initiate credit operations. Work as per process-driven coordination mechanisms with Sales and Operations teams for effective decision making and problem solving in line with business and risk management needs; escalate to RCM as required.
- Risk Compliance Control: Ensure compliance with established risk management principles and norms; compile periodic and need based MIS, reports, escalation case documents, etc. Conduct local risk operations in line with defined Maker-Checker mechanism with Sales and Operations teams in a systematic manner, across key aspects such as exception approvals, collateral valuation, PDD completion, cheque bounce collections, etc.
- Collection Efficiency: Work in alignment with process-driven mechanisms for coordination with the Collections/ Operations team on tracking delinquency cases and driving collections efficiently and effectively. Escalate specific/ complex cases, as required, to RCM for recovery and delinquency/ NPA avoidance.
- Self-Development Internal Stakeholder Coordination: Seek development to execute better risk assessment and loan underwriting via technical skill-up (e.g. proficiency on legal technical documents, property business practices norms, etc.) and role clarity. Maintain relationships with internal stakeholders for smooth coordination on complex/ escalation/ exception cases.

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