Manager -Credit Risk

Role Summary

The Credit Risk Managers role is envisaged to support establishing a robust risk management system, in the company. This includes to identification, measurement and mitigation of potential risks, while ensuring regulatory and internal compliances apart from reporting key risks to relevant stakeholders in a timely manner.

Key Requirements

Analytical Abilities

• Risk identification, measurement, mitigation and management: Assess the products, policies, process, plans and procedures to identify the various risks involved (credit, market, industry, operational, strategic, reputational, compliance and regulatory), to measure the risks and develop risk mitigation and management strategies.
• New products & initiatives: Evaluate and articulate the likely risks that the company may confront in its new products, process or new initiatives.
• Risk Monitoring: Monitor the risk of the portfolios to ensure they stay within agreed parameters of the Credit Policy and the Risk Appetite Statement
• Policy formulation and implementation: Develop company-wide risk management policy and risk appetite statement.
• Contribute to the development and improvement of existing credit approval systems and processes.
• Compliance: Ensuring compliance with all regulatory and legal requirements with respect to risk management function.
• Regulatory: Keep updated on regulatory changes and ensure incorporation of appropriate changes in the companys policies and procedures.
• Keeping track of sectoral/industry/regulatory developments: Tracking developments in the industry / sector and economy in general to recognize and mitigate/manage emerging risks.
• Group level risk assessment and mitigation: Collaborate with risk managers of other companies in the group to identify and manage risks at the group level.
• Contingency Plans: Develop contingency plans for potential adverse events including market and sectoral events.
• Crisis Management: Assess the damage, taking necessary steps for recovery and restoring the business continuity at the earliest.
• Training: Support education and training initiatives to build risk awareness in the organisation.

Reporting and Communication

• Prepare regular risk management reports for senior management and Board of Directors carrying key risk indicators, trends, risk concerns and mitigation strategies.
• Facilitate discussions within the risk management committee of the board and other board committees on various risk aspects.

Stakeholder Management

• Liaise with and provide support to stakeholder including business, operations, legal, finance, treasury, human resources and other stakeholders to ensure the companys risk appetite is always adhered to.

About the company

Muthoot FinCorp (MFL)

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CorporateConglomerateNBFCPublicFinancial Services

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Overview

Muthoot FinCorp Limited (MFL) is the flagship Company of the Muthoot Pappachan Group . MFL is Financial Services SuperHouse or you call it PowerHouse!

A market leader in the gold loans business Muthoot FinCorp has over 3,600 branches spread across the cities, towns and villages of India, the Company serves more than 75,000 customers a day.

Muthoot FinCorp’s long-standing experience,expertise and stronghold in the semi urban and rural areas has enabled the Company to provide quick, customized finance options and investment products, maximizing returns to the population. The loan products of Muthoot FinCorp are uniquely structured to serve people who do not have easy access to mainstream commercial banks.

MFL counts the satisfaction and long-service of its people as a cornerstone of its success. Fostering teamwork, nurturing creativity and rewarding commitment are systematically and professionally managed. Excellence and innovation are encouraged and rewarded. Ensuring Muthoot FinCorps people remain at the competitive edge, best practice in the area and unique motivational programs are regularly carried out.