CM-Sikar Retail

About the Role

The purpose of this job is to execute risk and credit operations on the basic transactions assigned, as per established frameworks and processes, ensuring sound portfolio quality management. This role coordinates with Sales, Operations, and Technical colleagues to ensure efficient and effective risk management operations.

Organizational Context

• Part of Aditya Birla Capital Ltd (ABC Ltd), Aditya Birla Housing Finance Limited (ABHFL) is registered with the National Housing Bank as a housing finance company.
• ABHFL offers housing finance solutions such as home loans, home improvement and construction loans, balance transfer and top-up loans, loans against property, and construction finance.
• The company has aggressive growth plans and aims to grow 5X (40,000 Cr) in the next 5 years, positioning ABHFL within the top 5 percentile of HFCs in the country.

Job Context

• The Risk team provides core underwriting services fundamental to ABHFL's business health, risk management, and sustainability.
• The team is structured as a dual to the Sales/Sourcing team, with positions mapped against corresponding Sales roles.
• The Risk team is responsible for necessary controls and process checks to ensure business performance and health.
• The core responsibility is to control the business via robust underwriting and risk management, while also supporting business expansion via joint evaluation of different product/market growth proposals with the Sales team.
• The Head – Risk plays a vital role in securing the organization against diverse risks. This role is responsible for setting up requisite underwriting and risk management frameworks and processes for creditworthiness and risk assessment.

Key Challenges

• ABHFL business is exposed to Construction Risk, i.e., risk from under-construction projects not getting completed as planned.
• The Risk function must balance priorities of risk management and business growth efficiently, without increasing sub-prime exposures or impacting business health and sustainability.
• The housing space is characterized by state-wise norms, business practices, and varied interpretations of regulatory guidelines. The Risk function must remain up to date on these and work within regulatory guidelines to minimize business risk and support growth objectives.

Key Responsibilities

• Underwriting and Portfolio Quality Management:
• Execute risk and credit operations for basic transactions assigned, in adherence with defined frameworks and principles across ABHFL business lines.
• Seek guidance from seniors proactively and gather insights on technical aspects as well as state/property specific considerations for effective risk assessment of individual cases.
• Liaise with relevant Legal, Technical, and other verification vendors for Legal-Technical evaluations and clarifications in complex cases.
• Monitor bounce rates as per threshold limits.
• Process Efficiency:
• Execute risk operations efficiently, enabling business performance while ensuring risk management imperatives.
• Coordinate seamlessly with Credit Processing Analysts to ensure case files are logged appropriately.
• Work with Sales and Operations teams for effective decision making and problem solving.
• Effectively manage external vendors to ensure quality of reports and TAT.
• Efficiently track costs and ensure they are within budgeted levels.
• Ensure accurate data capture in LOS and maintain high quality of documentation.
• Ensure collection of post-disbursal documents within the assigned timeframe.
• Risk Compliance & Control:
• Ensure compliance with established risk management principles and norms.
• Compile periodic and need-based MIS, reports, and escalation case documents.
• Conduct local risk operations in line with defined ‘Maker – Checker’ mechanism with Sales and Operations teams.
• Ensure minimal critical observations in Audit and resolve all observations within specified TATs.
• Collection Efficiency:
• Seek development to execute better risk assessment and loan underwriting via technical skill-up (e.g., proficiency on legal & technical documents, property business practices & norms).
• Maintain relationships with internal stakeholders for smooth coordination on complex/escalation/exception cases.

Requirements & Tech Stack

• Skills:
• Strong business and commercial acumen.
• Analytical skills.
• Good stakeholder management.
• Presentation skills.
• Team management and execution capabilities.
• Technologies/Tools:
• LOS (Loan Origination System)
• Proficiency on legal & technical documents, property business practices & norms.

Qualifications

• CA/ MBA – Finance
• Minimum 0-3 years of experience in a bank/ NBFC/ HFC.