Job Description – Risk Manager, Mortgages

Job Purpose:

To manage collateral risk across the mortgage portfolio by ensuring continuous monitoring of collaterals onboarded, assess technical & legal deviations taken at approval stage. The role involves creation of collateral policies, establish market specific collateral processes and conduct hindsight of the cases.

Key Responsibilities:

• Policy Development: Formulate and maintain collateral policies for diverse mortgage products, including Loan Against Property (LAP), Home Loans (HL), and Affordable HL/LAP.

• Policy Review & Enhancement: Conduct periodic reviews of existing policies and recommend revisions based on portfolio performance and emerging trends.

• Risk Assessment: Perform daily hindsight analysis at the case level for all approved and/or disbursed cases to ensure compliance and mitigate risk. Initiate market value audit process for disbursed cases and identify gaps, if any.

• System Configuration:



Ensure accurate configuration of collateral workflows within the system and propose necessary enhancements to optimize processes.

• BRE Implementation: Implement collateral-related policy rules in the Business Rules Engine (BRE) to strengthen governance and controllership.

• Risk Management Framework: Design and maintain a comprehensive risk management framework encompassing identification, assessment, mitigation, monitoring, and reporting of risks.

• APF Management: Oversee Approved Project Finance (APF) policies and processes, and develop builder/project scorecards for effective evaluation.

• Regulatory Compliance & Control: Assess products, programs, and policies to ensure alignment with regulatory guidelines, and establish robust risk controls across all functions, including Onboarding, Credit, Operations, Fraud, and Reputation Management.

Job Requirements:

• BE (Civil) / B.Arch / MBA (Construction Finance or Project Management)

• 10-12 years of experience of managing collateral risk and/or col

📌 Risk Manager-Support Services-Consumer Risk (Mumbai)
🏢 Kotak
📍 Mumbai