Credit Risk Officer - Lakhni Bhandara
- Grameen Foundation
- 6 - 11 years
- Lakhni
- 5 years ago
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Job Description
Job Summary: The Credit Risk Officer role will create processes for assessing, identifying, monitoring and preventing operational and business risks. Their overarching purpose is to protect the company or organization from risks that could interfere with the company's objectives and goals and mitigate risk where it is unavoidable.
Key elements of the job include:
1) Review the effectiveness of business loan underwriting process; loan appraisal, appraisal review, review of credit bureau reports and loan application along with KYC and other supporting documents
2) Suggest for required changes in the micro enterprise business LOS and make the process more efficient with the objective of maximizing the quality of loan portfolio
3) Build and practice best Risk mitigation processes, through techniques such as EWS, LRM, Geo Risk, Sectorial Risk, real-time PAR updations, etc.
4) Building default probability model including ECL computations and other risks models, as per the needs and Ind_AS applicability.
5) Taking an initiative and lead for the cases such as fraud and willful defaulters.
6) Support in adopting business and operational models powered by technologies that seamlessly facilitate the design, launch, implementation and execution of tailored products and services for micro enterprises.
7) Support in using technology and harnessing partnership ecosystems across the value chain of lead generation, customer onboarding, underwriting, credit/loan disbursement and collection
8) Support in adapting Artificial intelligence (AI), machine learning (ML) and big data analysis to measure individual customer insights and build alternative credit scoring models.
9) Provide technical support guidance to Credit Team
10) Make loan portfolio quality analysis and share the findings with state and territory managers for taking required action to improve the quality as a continual effort.
11) Preparing dashboards with efficiency and productivity ratio analysis
12) Suggest to make provision for loan impairment and loan write-off
13) Make regular field visits and review the loan appraisals
14) Support in credit rating evaluation process
Required Candidate profile
Skills / Competencies required:
- Any graduate or post graduate
- 7+ years of prior experience of working with Fintech Companies, MFIs & Insurance companies would be preferred.
- Team handling experience of loan officers
- In depth knowledge of MFI lending process is mandatory
- Expertise in 'loan sourcing', credit risk analysis' & credit appraisal'
- Excellent written and verbal communication skills in English and Hindi & Marathi
Perks and Benefits
We offers a competitive compensation package.Job Classification
Industry: NGO, Social Services, Regulators, Industry AssociationsFunctional Area: Financial Services, Banking, Investments, Insurance,
Role Category: Retail/Personal Banking
Role: Retail/Personal Banking
Employement Type: Full time
Education
Under Graduation: Any Graduate in Any SpecializationPost Graduation: Post Graduation Not Required, Any Postgraduate
Doctorate: Doctorate Not Required, Any Doctorate in Any Specialization
Contact Details:
Company: Grameen Foundation IndiaLocation(s): Lakhni
Keyskills: LOAN sourcing Credit Rating Big Data Enterprise Business MFI Credit Appraisal Business Loan Credit Scoring Credit Risk Data Analysis Credit Bureau Disbursement Ratio Analysis Credit Risk Analysis
Grameen Foundation
Grameen Foundation for Social Impact (GFSI) is a not for profit company and a wholly owned subsidiary of Grameen Foundation India Private Limited. Inspired by the work and ideals of Nobel Laureate Prof Muhammad Yunus, Grameen Foundation's mission is To enable the low income people, especially women,...
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