Product Risk Manager (Secured)

Job Title: Product Risk Manager
Location: Mumbai

Key Responsibilities

• Formulate and execute risk-based underwriting strategies that balance customer acquisition with robust risk management.
• Lead risk segmentation efforts by categorizing loan applicants based on credit scores, financial behaviors, and other key risk indicators to optimize decision-making.
• Develop and refine risk models to improve underwriting decisions and ensure a strong, high-quality loan portfolio.
• Collaborate closely with Data Science, Product, Business, and Operations teams to ensure risk strategies are aligned with broader business goals and objectives.
• Ensure the smooth execution of lending initiatives by integrating risk management processes and protocols throughout operations.
• Evaluate channel partners based on their business models, product offerings, operational processes, and overall creditworthiness, ensuring strategic alignment with organizational risk policies
• Assess and mitigate operational and process risks in collaboration with channel partners, focusing on minimizing external risks to the organization.
• Analyze and understand MLAP/STSL, including key elements such as fraud mitigation, KYC processes, credit checks, and customer onboarding, ensuring all practices adhere to regulatory standards and mitigate risk.

Expectations

• Clearly articulate complex risk strategies to both technical and non-technical audiences, including senior management, clients, and channel partners.
• Exceptional presentation skills, capable of representing the organization in discussions with external partners, clients, and stakeholders.
• Demonstrated ability to lead and collaborate with cross-functional teams across data science, product, operations, and business units.
• Strong interpersonal skills to build and maintain effective relationships with internal and external stakeholders.
• Ability to conduct detailed data analysis and risk assessments, interpreting metrics to drive strategic risk management decisions.
• Innovative problem-solving approach to address complex underwriting and risk management challenges.

Qualifications

• Bachelor's degree in Finance, Business, Economics, or a related field (MBA or advanced degree preferred).
• 5-8 years of experience in risk management, underwriting, or portfolio management in the financial services industry.
• Strong understanding of MLAP/STSL policy and the associated risk management practices, including fraud detection, credit checks, and process automation.
• Proficiency in risk assessment tools, data analytics, and customer segmentation models.
• Experience in credit risk underwriting, especially for retail or personal loans, is preferred.

• Proficiency in data tools (R, Python, SQL) and a deep understanding of risk models and scorecards.