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Senior Credit Risk Manager

Mumbai Mumbai Maharashtra, Maharashtra, India
Competitive Salary
Closing date
Feb 12, 2024

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Job Role
Credit Control
Contract Type
Full Time
GrayQuest - Assistant Vice President - Risk

At GrayQuest, we are looking for a dynamic individual to join us as an Assistant Vice President - Risk, to help us strengthen our risk frameworks as we build India's largest education focused financing company.

This will be a core team position and will be a steep learning experience on analytics, B2B Loans, fintech-Bank partnerships amongst other things.

Some Key Responsibilities :

Unsecured Lending Product:
  • Credit Underwriting, Credit Operations - Responsible for also consistently tracking market and defining implications on the company
  • Accountable for maintaining & constantly innovating & updating our underwriting logic including building proprietary policy & early warning signals working in conjunction with the data Analytics team
  • Accountable for keeping our NPAs under control. Establish Credit Rating system and Develop integrated Risk Management policy framework for all aspects of risks across the products
  • Draft and develop Credit Risk Management policy for the Credit team and review/update to comply with the local banking law and regulations as and when required
  • Ability to influence a culture of risk awareness in the organisation.
  • Set objectives for measuring, monitoring, evaluating and mitigating the risk exposure and ensure that they are reported in a timely manner
  • Implement a set of risk metrics and reports, including losses and incidents, key risk exposures, and early warning indicators
  • Ensure that the risks are properly addressed in terms of compliance with existing rules and regulations established by internal, local regulators
  • Develop predictive dynamic monitoring procedures/systems for the Credit Risk team
  • Coordinate with cross-functional teams like IT, Operations, Finance, Legal, Compliance, Product, Analytics etc

  • Bachelor's Master's Degree in Finance, Business, Economics or related field
  • Having at least 6+ years progressive experience in the Risk Management field with Banks/Credit Card companies
  • Experience in credit & risk function at banks, NBFC or fintech - including underwriting, credit operations and collections
  • Understanding of statistics and quantitative data analysis methods
  • Knowledge of modern regulations and practices related to credit risk
  • Excellent analytical and problem-solving skills.
  • Excellent communication, organizational and managerial skills.

About GrayQuest :

GrayQuest, based in Mumbai and incorporated in 2017, is one of India's largest vertical focused consumer financing company in the education ecosystem mainly focused on providing zero cost EMIs for the $100B education ecosystem in India.

We are live with 4000+ educational institutions where our product is used to pay fees in convenient monthly payments with insurance and reward benefits. All the top 10 school chains in the country use GrayQuest to power fee payments for their institutions.

We are Series A company backed by leading institutional investors with strong pedigree from the financial ecosystem. We raised our Rs 65 crore in March 2023 and are well capitalised.

We are also mentored by some of India's leading fintech investors such as Kunal Shah & Miten Sampat (CRED), Nitin Gupta (UNI), Sumit Maniyar (Rupeek) and Sujeet Kumar (Udaan).

Skills: Risk Management, Credit Risk Management, Data Analysis, Credit Underwriting, Credit Operations, Regulatory Compliance

Experience: 6.00-8.00 Years

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