Job Purpose To act as the independent risk control function for the business - monitor portfolio health, run early warning and assurance checks, and ensure that lending stays within the approved Risk Appetite and RBI/internal guidelines, so that credit losses remain within the AOP budget.

Duties and Responsibilities

- Risk Policy Ownership: 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.
- Technology Leadership: Stay updated with the latest technology, BFSI,



fintech and compliance developments; drive automation and AI/analytics-based risk solutions, including alternate data sources such as Account Aggregator.
- 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, and the scope of independent assurance reviews.
- Loss rates as defined and approved in the AOP at each product level.

Major 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.
- Time taken by stakeholders to implement agreed actions delays closure of risk items and needs regular follow-up.
- 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 10-12 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, ECL/Ind-AS and RBI regulatory reporting.
- Experience with SQL/analytics tools, decision engines and automation of risk MIS.
- Certifications such as FRM or PRM (good to have, not mandatory).

Locations Job Level: GB07

Job Title: National Lead - Risk, SME, Risk - Unsecured Business Loan

Job Location Country: India

State: MAHARASHTRA

Region: West

City: Pune

Location Name: Pune Corporate Office - Fountainhead

Tier: Megapolis

📌 National Lead - Risk (India)
🏢 Bajaj FinServ
📍 India