Credit Risk Manager

POSITION DESCRIPTION

JOB TITLE

Manager-Credit Risk

DEPARTMENT

Risk

LOCATION

HO

SUB-DEPARTMENT

Credit

TYPE OF POSITION

Full-time

ROLE PURPOSE & OBJECTIVE

To ensure implementation of the credit risk management policy approved by the Board.

To formulate, review and implementation of risk appetite

Monitor credit risks on an SFB wide basis and ensure compliance with the Board approved risk parameters / prudential limits and monitor risk concentrations.

Review status of portfolio management, loan review mechanism, risk monitoring and evaluation, regulatory / legal compliance, adequacy of provision, risk concentrations, industry reviews, and suggest corrective measures and activity reviews for credit risk management.

Review the performance and effectiveness of the credit scorecards, the need for any adjustments, and placing recommendations before the CRO

Review and approve the use of credit scorecards for business and risk management purposes and placing recommendations before the CRO

KEY DUTIES & RESPONSIBILITIES OF THE ROLE

Business / Financials

Credit Risk Unit

To develop credit risk appetite / limits statements with support from Business units

To monitor the credit risk parameters and credit exposure / concentration limits set by the SFB’s Board of Directors / Risk Management Committee of the Board / Regulator

To lay down credit risk identification systems, monitor quality of portfolio, identify problem credits and undertake asset quality reviews with support from Business units.

Implementation of credit scorecards with support from Business units.

To analyze early warnings signals in the MSE portfolio, for identification of weak exposures, identify remedial measures in co-ordination with Business units and monitor the actions taken.

Responsible for execution of portfolio risk management activities including concentration risk monitoring and stress testing.

Responsible for ensuring stringent monitoring and management of specifically assigned problem accounts either independently or in co-ordination with the Business units.

Responsible for executing the NPA management strategies in co-ordination with Business units and with support from the Legal department

Monitor portfolio performance on a quarterly basis or as and when directed by the Board or Committee or Regulator and identify associated credit risks

Study the impact of various stress scenarios on different portfolios to complement the regular risk measurement methods

Classification of SMA and watch-list accounts in co-ordination with Business units

Implementation of Internal Audit recommendations specific to the credit risk unit

Business Risk unit

Develop a comprehensive risk management framework for assessing, identifying, monitoring and reducing pertinent business risks that could interfere with the bank's objectives and goals

Implement the Credit risk management frameworks under the guidance of CRCO and policies for the Bank

Regular review of overall credit portfolio to assess risk quality and recommend risk mitigation measures, if warranted.

Review the management of market and liquidity risks and provide inputs to asset liability management committee and recommend suitable risk management measures as required

Assess the insurance requirements of the bank and arrange appropriate cover for transfer of risks as assessed as appropriate.

Assess the security environment and take necessary steps to protect the interests of all stakeholders across both Physical and Information Technology dimensions.

Internal Process

Regular review of overall credit portfolio to assess risk quality and recommend risk mitigation measures, if warranted.

Review the management of market and liquidity risks and provide inputs to asset liability management committee and recommend suitable risk management measures as required

Develop the fraud risk management framework; periodically monitor fraud risk cases and recommend risk mitigation measures, as required in coordination with the CVO

Participate in scheduled meetings of Risk management Committee (for credit risk, operation risk and market risk), Investment Committee and Asset Liability Management Committee

Learning & Innovation

Provide the risk and compliance staff with sufficient resources, management support and the access required to prevent / detect compliance issues / breaches

Maintain current knowledge of laws and regulations, keeping abreast of the most recent developments in regulations, notifications and circulars and disseminate the information regarding new regulatory developments

Develop, coordinate and impart a multifaceted educational and training program that focuses on the elements of the compliance program, and seeks to ensure awareness creation

Maintain a knowledge base of compliance failures and implications, provide advice on preventive actions to prevent such failures

Ensure goal-setting, midyear -review and annual appraisal process happens within specified timelines for self

MINIMUM REQUIREMENTS OF KNOWLEDGE & SKILLS

Educational

Qualifications

Bachelor’s degree in commerce / MBA in finance

Additional qualification in law, accountancy such as CA / CS / LLB.

Experience

At least 10 years of experience in banking business

At least 3+ years of experience in compliance & 3+ years of hands-on experience in risk / audit & inspection functions.

Certifications

PO qualified

Functional Skills

Knowledge of – credit risk, operational risk, market risk

Knowledge of asset liability management

Knowledge RBI polices / guideline relevant to SFB & banking

Good understanding of policy formulation process

Adept at influencing policy changes for commercial advantage

High operational knowledge and experience in government processes and compliances both at union and state levels

Behavioral Skills

Interpersonal communications

Stakeholder management

Project management skills

Problem solving & critical thinking

Planning & organizing

Competencies Required

Building Relationship

Driving Change

Planning & Organizing

KEY INTERACTIONS

INTERNAL

EXTERNAL

Legal Manager

Regulatory bodies (including RBI)

Internal Audit Dept.

Risk rating agencies

All functional heads

Chief Compliance Officers or Chief Risk Officers of other banks

CFO

Treasury team (FO & BO)