Organizational Context

Key Aspects

- Part of the Aditya Birla Capital Ltd (ABC Ltd), 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 and home construction loans, balance transfer and topup loans, loans against property and construction fice. The company acquired its license on 9 th July 2014 and has aggressive growth plans.

- ABHFL has grown at a steady rate 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 segments like Affordable and 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. and is poised for rapid growth and plans to grow 5X (40, 000 Cr) in the next 5 years.

This shall take ABHFL within the top 5 percentile of HFCs in the country.

Job Context

Key Aspects

- The Risk team provides core underwriting services fundamental to the ABHFL business health, risk management and sustainability. Structured as a dual to the Sales/ Sourcing team, with positions mapped against corresponding Sales roles across the organization, the Risk team is responsible for necessary controls and process checks to ensure business performance and health.

- While the core responsibility for this function is to control the business via robust underwriting and risk management, supporting business expansion via joint evaluation of different product/ market growth proposals with the Sales team is also an important contribution.

- The Head Risk plays a vital role in securing the organization against diverse risks in the course of business operations.



This role is responsible for setting up requisite underwriting and risk management frameworks and processes for robust and efficient creditworthiness and risk assessment, and consequent inputs for business decisions (loan approval/ rejection, business expansion, etc. )

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.

The Risk

Team must factor for this when designing and executing control mechanisms and evaluating business proposals.

- ABHFL is in its inception phase as a company and in the midst of rapid growth. The Risk function must therefore be able to balance priorities of risk management and business growth efficiently, without increasing subprime exposures or impacting business health and sustainability.

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

Enabling Skill Sets & Qualifications

- Critical skill sets required to meet these challenges include strong business and commercial acumen, analytical skills, positive stakeholder management and presentation skills, and team management and execution capabilities.

- Education &

experience required to fulfil this profile are a CA/ MBA Fice with minimum 47 yrs of experience in a bank/ NBFC/ HFC, of which at least recent 2 3 yrs experience should be in managing risk and underwriting in an HFC.

Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.

📌 Area Credit Manager (Mumbai)
🏢 Aditya Birla Insulators
📍 Mumbai