VP – Portfolio Credit Risk (Mortgage) | Leading Private Sector Bank
Location: Mumbai
Function: Credit Risk Management – Mortgage/Home Loans Portfolio
About the Role
Our client, a leading private sector bank in India, is looking for a Vice President – Portfolio Credit Risk (Mortgage) to own credit risk monitoring, portfolio quality, and early warning management for their mortgage/home loan book. This is a critical role for a professional who can combine deep credit risk expertise with hands-on portfolio analytics in the mortgage servicing lifecycle.
Key Responsibilities
Own end-to-end portfolio credit risk management for the mortgage/home loans book, including origination quality feedback, vintage analysis, and delinquency trends
Design and monitor Early Warning Signals (EWS) and portfolio triggers across the mortgage servicing lifecycle
Track portfolio performance against risk appetite; recommend policy/product interventions based on risk-return trade-offs
Partner with Collections, Underwriting, and Product teams to calibrate credit filters, LTV/FOIR norms, and risk-based pricing
Conduct stress testing, scenario analysis, and portfolio stratification (geography, ticket size, LTV, occupation, builder/project category, etc.)
Prepare and present portfolio risk MIS/dashboards to senior management,



Risk Committee, and Board as required
Ensure compliance with RBI guidelines on mortgage lending, provisioning norms (ECL/IRAC), and internal risk policies
Lead root-cause analysis on slippages and work with cross-functional teams on corrective action plans
Support model validation/monitoring for scorecards, PD/LGD models specific to the mortgage portfolio
Mentor and manage a team of credit risk analysts
Desired Candidate Profile
12–16 years of experience in Credit Risk / Portfolio Risk Management, with significant exposure to mortgage/home loans or secured retail lending
Strong understanding of mortgage servicing operations, collections dynamics, and secured lending credit cycles
Hands-on experience with portfolio analytics, EWS frameworks, and risk MIS
Working knowledge of RBI regulatory guidelines on housing finance/mortgage lending and provisioning norms
Prior experience in a bank, HFC, or large NBFC mortgage business preferred
Strong stakeholder management skills to work with Business, Collections, Product, and Compliance teams
MBA/PGDM or equivalent from a reputed institute; skilled certifications in risk management (FRM/PRM) will be an advantage

📌 VP - Portfolio Credit Risk (Mortgage) (Mumbai)
🏢 Antal International
📍 Mumbai