JOB ROLE

Senior Manager - Risk

Location: Refyne HQ, Bengaluru (In office) | Team: Risk

Reports To: Risk Head

About Refyne

Refyne is building the financial infrastructure of Bharat's workforce.

What began as an earned wage access solution for India's largest employers has grown into a full-spectrum financial platform spanning lending, insurance, savings and wealth. Refyne is trusted by some of the country's most valuable companies to power the financial lives of their people.

Today, Refyne has partnered with over 600+ top enterprises to bring fair, timely and responsible financial services to more than 10 million employees across India, helping employers drive a 90%+

employee retention rate. One platform. Every employer. Bharat's entire workforce.

As India's economy scales, Refyne is building the foundational layer that lets every employee, across every workplace, access financial security with ease, convenience and dignity.

About the Role

Refyne is undergoing significant expansion, and our Risk division is seeking a leader who can demonstrate unwavering ownership over portfolio health, transforming intricate data sets into decisive risk mitigations and business outcomes.

In this capacity as Senior Manager / Manager – Portfolio Risk & Credit Analytics, you will collaborate with the Risk Head and broader leadership to evaluate portfolio vitality, pinpoint emerging risks, refine credit frameworks, and implement evidence-based initiatives.

Your responsibilities will converge across Portfolio Oversight, Credit Risk, Data Science, Strategic

Credit, Partner Management, and Systems Automation.

You will balance granular portfolio diagnostics with high-level strategy, lender assessments, and the development of robust analytical tools. Your mission is to transcend basic reporting, ensuring we articulate the drivers of past performance, future projections, and the necessary corrective measures.

How You'll Make an Impact

Master Portfolio Vitality

● Demonstrate comprehensive ownership of portfolio health across all offerings and demographics.

● Scrutinize and interpret delinquency buckets, asset quality, stage migrations, flow dynamics, and cohort life-cycles.

● Pinpoint the fundamental drivers of portfolio volatility and emerging risk profiles.

● Conduct deep-dives across product, employer, customer segment, risk tier, bureau profile, salary bands, vintage and other relevant dimensions.

● Establish and uphold stringent monthly portfolio oversight and governance structures.

● Architect and track Early Warning Signals (EWS) to anticipate and mitigate emerging threats.

● Synergize with Collections, Product, and Business units to execute decisive corrective interventions.

● Appraise risk experiments and strategic initiatives, ensuring efficacy through evidence-based tracking.

● Optimize the equilibrium between business expansion and risk-adjusted profitability and asset quality.

Evolve Credit Frameworks & Strategy

● Proactively calibrate credit guidelines aligned with historical performance and evolving risk landscapes.

● Detect procedural gaps, risk concentrations, and avenues for structural refinement.

● Engineer segmentation models leveraging credit data, income metrics, and workforce behavioral insights.

● Champion risk-centric strategies regarding sanctioned limits, yields, durations, and aggregate exposures.





● Utilize comparative analytics and controlled pilots to validate the impact of policy modifications.

● Collaborate with Risk Tech to convert analytical intelligence into automated, system-driven decisioning protocols.

Strategic Stakeholder & Partner Management

● Spearhead portfolio communications for lenders and capital partners, articulating performance trends and mitigation strategies.

● Facilitate lender audits, due diligence, and comprehensive risk reporting cycles.

● Communicate vital insights and risk narratives to executive leadership and senior management.

● Uphold the integrity, precision, and punctuality of all external data transmissions.

● Acquire deep expertise in partner expectations, portfolio covenants, and regulatory risk metrics.

● Align with Finance and Business units to satisfy lender-specific mandates and reporting standards.

Advance Data Intelligence & Systems

● Direct sophisticated analytical deep-dives to empower high-stakes business and risk decisions.

● Architect automated dashboards and monitoring frameworks for continuous portfolio oversight.

● Transform underwriting analysis and partner reporting into streamlined, automated workflows.

● Implement automated governance for data fidelity and reporting consistency.

● Harness SQL and Python to extract value from extensive and complex datasets.

● Pioneer sustainable analytical templates over isolated, ad-hoc investigations.

● Partner with Data and Technology teams to enhance reporting infrastructure and information access.

Refine Underwriting & Risk Models

● Develop and iterate on credit scorecards and risk segmentation models to sharpen decision-making.

● Synthesize bureau data and repayment histories to drive precision in underwriting outcomes.

● Conduct rigorous back-testing and calibration to ensure models reflect real-world portfolio results.

● Translate modeling outputs into actionable credit policies and portfolio management tactics.

● Liaise with Tech teams to deploy and operationalize advanced underwriting logic.

● We welcome leaders with deep expertise in rule-based decisioning or underwriting frameworks, regardless of their background in advanced statistical modeling.

What Makes You a Great Fit

● A minimum of 5–6 years of professional expertise in Portfolio Management, Risk Analytics,

Credit Risk, or Fintech lending ecosystems.

● Demonstrate significant hands-on competency in portfolio monitoring and performance lifecycle management.

● Profound mastery of DPD metrics, GNPA, roll rates, and cohort-based segmentation.

● Capable of leading independent analytical deep-dives to isolate root catalysts of portfolio volatility.

● Direct experience in shaping credit policies and automated underwriting strategies.

● Proven track record in underwriting model development and credit scorecard calibration.

● Advanced technical proficiency in SQL and Python for complex data extraction.





● Expertise in architecting automated MIS and dashboarding frameworks for real-time oversight.

● Comprehensive understanding of the full-spectrum lending lifecycle and risk parameters.

● Prior experience with lender due diligence and investor reporting is highly desirable.

● Exceptional stakeholder management and executive-level communication abilities.

● Adept at distilling intricate data sets into decisive, actionable portfolio interventions.

● Unwavering ownership mindset—taking initiative from problem identification through to system-wide resolution.

● Resilience in high-velocity environments where strategic priorities evolve rapidly.

Preferred Competencies

● Familiarity with ECL / IND-AS 109 standards, encompassing PD, LGD, and EAD frameworks.

● Background in credit risk model validation or robust model governance protocols.

● Exposure to Early Warning Signals (EWS) and predictive analytical models.

● Working knowledge of visualization tools such as Power BI or Tableau.

What You'll Be Part Of The Team

You will be an integral member of our Risk division, maintaining high-bandwidth collaboration with the Risk Head, Credit Policy, Risk Tech, and the broader Collections, Finance, and Product clusters.

This function serves as the strategic nexus between portfolio intelligence, credit frameworks, and operational execution, ensuring granular diagnostics are converted into decisive risk interventions.

The Portfolio

As Refyne accelerates its lending trajectory, demonstrate unwavering ownership over portfolio vitality through rigorous controls and evidence-based oversight.

You will architect scalable frameworks to decode portfolio dynamics, anticipate emerging threats, and sharpen our system-driven decisioning protocols.

Perks at Refyne

● Access your salary, on your terms. Use the Refyne app to withdraw your earned salary whenever you need it.

● Comprehensive health coverage. Medical insurance for you and your loved ones, because your wellbeing comes first.

● Meaningful ownership from day one. Work in a flat organization where your ideas are heard and your contributions have real impact.

● Fuel for your best work. Enjoy complimentary breakfast, lunch and snacks at the office.

Know Your Team!

Why Join Refyne?

The companies driving India's growth understand that financially secure employees build stronger organizations and stronger economies. Refyne exists at that intersection: a single, trusted infrastructure that employers plug into and employees rely on, without friction or fragmentation.

Our solution helps workers cleanly bypass predatory debt traps to build real financial resilience, rather than simply pointing them toward financial products and stepping back. It's the financial backbone behind India Inc, built with the same permanence and scale as the roads and utilities that move the country forward.

That ambition is backed by results: Refyne is growing at a rapid 4x year-on-year pace, is already profitable and ranks globally as the second-largest player by revenue in our space. The company is also backed by $106 million from top global investors including Tiger Global, DST Global and ICICI

Bank. For employers, that means a partner with the credibility, scale and staying power to be trusted at the infrastructure level. For employees, it means one platform that grows with every stage of their financial life.

📌 Senior Risk Manager (Bengaluru)
🏢 Refyne India
📍 Bengaluru