Job Category: Sr. Policy Manager – Auto Loans
Job Type: Full Time
Job Location: Mumbai
Company Name: RBL Bank
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Client :- RBL Bank
Role :- Sr. Policy Manager – Auto Loans
Posting :- Mumbai
Grade- DVP / VP1
Job Description-:
| Job Title | Sr. Policy Manager – Auto Loans |
| Department | Retail Credit |
| Location | Mumbai |
| Reporting To | Head Policy – Retail Credit |
| Grade | DVP / VP1 |
| Number of incumbents in the role currently | |
| Reporting Relationship |
Position Purpose (Provide a brief description of the general nature of the position; an overview of why the job exists; and what the job is to accomplish.)
| This role is responsible for devising and implementation of Policy &Risk Governance framework Pan India. Ensuring credit and risk strategy aligned with the market trends to facilitate favorable business environment and to build and maintain portfolio quality. Maintain productivity at the desired levels aligned with organizational goals and objectives. |
Position Responsibilities
List in order of importance the major responsibilities of the job and the percentage of time spent on activities/Sub activities
| Sr. | Key Responsibilities | % Importance of Responsibility | % Time Consumed |
| 1 | Strategy formulation, product and policy design Should work closely with Sr Management and provide assistance on formulation and implementation of Risk strategy on Car loans Work closely with business team and provide concrete inputs on development and or improvement of existing product Devise credit and risk policy obtain management buy in and ensure implementation. Preparing SOPs on various aspects relating to the underwriting / credit Co-ordinating with IT team in the development of LOS / LMS | 40% | 40% |
| 2 | Portfolio Monitoring Devise information dashboards covering all aspects of portfolio and productivity and methodology for information dissemination at appropriate levels. Undertake periodic portfolio reviews with respective stakeholders to identify the bottle neck and make action plan. Anticipate risks due to change in business and regulatory environment and take corrective action Engage with local intermediaries to undertake detailed market survey. Identify areas of concern and pockets to maximise business opportunity Keep updated with market and industry specific changes and bring about changes in policy and product and maintain competitiveness Regulatory reporting to be done as per standards after checking Ensure control over credit loss in the portfolio Closely monitor flow of accounts and drive collection team to collect the accounts Ensure delinquency ratio within the permissible limits | 30% | 30% |
| 3 | Audit & Compliance Ensure Team is updated and trained with regards to risk and compliance normsLead and engage with regulators for any kind of audits and inspection. Ensure minimum no of audit observationDevise the Risk Control matrix covering all the stages of process.Undertake periodic audit of branches to ensure process compliance and control effectivenessIdentify the process improvement and standardisation opportunities | 20% | 20% |
| 4 | Risk Budgeting, Hiring& Vendor Management Ensuring the Hiring is as per the budgeted numbers and attrition levels are minimal.Monitoring the vendor performance (Legal, Technical, CPV etc) on regular basis | 10% | 10% |
Qualifications and Experience Requirement
| Qualifications | |
| Essential | Postgraduate in any discipline. Preferred :- CA / CS / MBA (Finance) |
| Experience | |
| Essential | Should have prior experience of 8 to 10 years in Retail Finance Industry handling Car loan risk policies, portfolio analysis and governance. Should be able to evaluate Data quality, Data Interpretation, Data Management, Portfolio Analysis.Should have sound knowledge of business environment, Auto loan risks and related matters. Should have hands on experience in framing policy framework for Digital lending and should be able to articulate the risk associated with digital lending.Should have sound communication and report writing skillsShould have some knowledge about financial statements Should be conversant with word, excel and PowerPoint.Should have thorough understanding of regulatory guidelinesShould have good Analytical skills. |
- Skills
| Skill | Attribute |
| Analytical/ Leadership / Behavioral/Interpersonal Skills | Working knowledge of Retail Finance industry, including knowledge of the Retail risk &underwriting. Analytical skills with comprehensive coverage of all risk related issuesAbility to work under pressureGood in communication and soft skillsEfficient in computer knowledgeSelf-Driven & ProactiveHigh level of Ownership & accountabilityTeam player but also capable of taking individual decision. Peer relationship management.Keenness to learn & detailed oriented Passion to accept any task and handle the complexity with utmost patience.Exhibit solution-oriented approach |
Key Success Differentiators
| Understanding of the businessGood motivatorGood managerial skillsExcellent in building and developing relationships across different verticals.Strong in geographical intelligenceAbility to work independently Industry and Business knowledge Desire to grow professionallyKnowledge of the processes and procedures for the organizationProficiency in Computers |
- Functional Inter-linkages
| Internal & External |
| Internal – Sales, FCU, Finance and OperationsExternal – Vendors – CPV, LIP, Lawyer and Valuers. |
| 7. Business Head Authorisation | |||
| ASSESSED BY: | Date: | Signature: | |
| APPROVED BY: | Date: | Signature: |
For Management 2000 Placements & Recruitments Pvt., Ltd.,
Seema Kakra
Business Consulting Partner
Contact:+91 7878551502
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