1. Role Purpose

To lead the Risk & Credit function, ensuring effective credit underwriting, portfolio quality management, enterprise risk governance, and operational risk mitigation in alignment with the Company//'s business objectives and applicable regulatory requirements.

2. Key Roles and Responsibilities

A. Portfolio Risk Management

- Monitor portfolio quality, delinquency, develop portfolio MIS, risk dashboards, and Early Warning Systems (EWS) to identify emerging risks and drive corrective actions
- Analyse collection efficiency, credit performance, and branch-level risk trends to improve portfolio quality

B. Credit Risk Management and Underwriting

- Develop and review credit policies, underwriting standards, appraisal processes, and approval mechanisms
- Strengthen borrower assessment, repayment capacity analysis, and risk-based lending practices
- Monitor credit exposure, policy deviations, and portfolio concentration, and develop appropriate risk mitigation strategies
- Collaborate with Business, Collections, Operations, and Technology teams to improve credit outcomes

C. Enterprise Risk Management (ERM)

- Develop and implement the ERM framework and policy for Board approval
- Identify and monitor key enterprise risks, maintaining risk registers covering the top five risks for each relevant business unit, along with mitigation plans
- Establish risk reporting, escalation mechanisms, and a strong risk-aware culture across the organisation

D. Audit and Operational Risk Management

- Establish risk-based audit frameworks covering credit, branch operations, and IT, ensuring completion of 100% of scheduled audits
- Strengthen SOPs, internal controls, and operational risk management practices
- Monitor fraud incidents and audit observations, ensuring timely root-cause analysis and corrective and preventive actions

E. Product Risk Strategy and Governance





- Conduct risk assessments and due diligence for existing and new products
- Review underwriting parameters, credit assessment models, digital risk-scoring mechanisms, partnerships, and origination channels
- Review risk policies and prepare portfolio assessments and presentations for the Board and Risk Management Committee (RMC)

F. Regulatory Compliance and Stakeholder Management

- Ensure risk policies and frameworks align with applicable RBI regulations and statutory requirements
- Coordinate with Compliance, Legal, Finance, Internal Audit, and Business teams on risk mitigation and governance matters
- Provide portfolio insights and risk reports to management, investors, bankers, and other stakeholders, and monitor relevant industry developments

G. Management Reporting

- Submit periodic risk dashboards, assessments, and recommendations to the MD&CEO; and relevant committees
- Support business planning, product development, and portfolio expansion through data-driven risk analysis and mitigation strategies

Qualifications and Experience

- Postgraduate qualification in Finance, Banking, Economics, or Risk Management; CA, MBA (Finance), or FRM preferred
- Approximately 16-20 years of relevant experience in credit risk, portfolio risk, or enterprise risk management within a bank, NBFC, microfinance institution, or lending business
- Strong understanding of credit underwriting, portfolio monitoring, RBI regulations, and microfinance risk management
- Demonstrated experience in senior management reporting, risk governance, and team leadership

Key Competencies

- Strategic risk leadership and sound business judgement
- Robust analytical and credit risk assessment capabilities
- Knowledge of enterprise risk governance and regulatory requirements
- Effective stakeholder management, communication, and decision-making skills
- High integrity, accountability, and attention to detail

📌 Head - Credit & Risk (Leading NBFC) (Mumbai)
🏢 RiverForest Connections Private
📍 Mumbai