Job Purpose To act as the independent risk control function for the product & execute all activities to provide assurance to SMT & above on credit risk & associated compliance/regulatory norms adherence through the below:

- Independent oversight and challenge the Credit Organization on credit quality, outlier segment identification, TTD Mix monitoring etc.
- Co-Own Credit Models & Scorecards being used in the product
- Own Risk data management, Risk MIS and Reporting of Credit Risk metrics to SMT
- Oversight of adherence to Board Policies, PPGs & SOPs
- Drive execution of compliance/ regulatory related interventions through concerned stakeholders.
- Lead Automation & AI Projects creating capabilities for effective credit risk managementDuties and Responsibilities
- Risk Policy : Review risk policies, the risk appetite framework and concentration/exposure limits across products and PAN-India locations. Identify gaps in existing policies using past cases, loss trends and location-specific learnings.
- Portfolio Risk Monitoring: Monitor portfolio quality, vintage performance and emerging risk by customer, bureau band, employer, geography, channel, product and policy cohort. Track performance against the approved Risk Appetite and AOP loss budgets.
- Early Warning & Emerging Risk: Build and monitor Early Warning Signal (EWS) indicators to identify risk before it appears in 30+/90+ DPD. Conduct deep dives on abnormal portfolio movements and recommend risk mitigants to the CRO and the first line.
- Independent Assurance: Test adherence to approved credit policy and underwriting processes. Conduct sample-based underwriting assurance, identify policy leakage, control gaps and recurring exceptions, and independently validate remediation.
- Policy Effectiveness & Swap Sets: Assess whether current policies deliver expected outcomes. Compare policy versus actual performance,



analyse deviation populations against standard policy populations, and recommend policy review where evidence indicates deterioration.
- Model & Score Governance: Oversee application and behaviour scorecard performance, validate risk scoring models, and support ECL/provisioning frameworks under Ind-AS.
- Governance and Regulatory: Monitor compliance with SOP/PPG/RBI circulars, escalate breaches, track remediation and prepare independent risk views for Risk Committees.
- Team Development: Participate in hiring, set individual performance expectations, review performance regularly and build functional capability within the risk team.Key Decisions / Dimensions
- Risk appetite thresholds, EWS triggers and portfolio cut-offs, in consultation with the reporting manager.
- Escalation of policy breaches and control gaps.
- Design frameworks to adhere to any compliance/regulatory changes.|~ 100 Cr. Of loan loss budget for the productsMajor Challenges
- Time taken by various stakeholders to adapt/ implement obligations/ actionable resulting in delay in finalization of checklist and further processing
- External, seasonal and market factors continuously move risk parameters, so monitoring has to be continuous.
- Wide spread of locations, products and market dynamics to be covered with a lean team.Required Qualifications and Experience
- Graduate / Post-graduate.
- Qualified qualification such as CA / MBA / Masters in Financial or Risk Management, or equivalent practical experience.

Work Experience (Required)

- Around 8–10 years of experience in Risk, Credit or Analytics within financial services, with a strong risk/underwriting core.
- Experience in risk policy formulation and portfolio monitoring across multiple products.
- Experience of team management and senior stakeholder management.

Preferred Qualifications

- Exposure to scorecards and RBI regulatory reporting.
- Experience with SQL/analytics tools, decision engines and automation of risk MIS.

📌 Lead - Risk (Pune)
🏢 Bajaj Finance
📍 Pune