Manage collateral risk across mortgage portfolios by developing and enhancing policies, conducting case-level hindsight reviews, assessing technical and legal deviations, overseeing market value audits, and implementing collateral workflows in a Business Rules Engine. The role also manages Approved Project Finance processes, builder and project scorecards, regulatory compliance, risk controls, and automation of credit decisioning.
Job Description – Risk Manager, Mortgages
Job Purpose:
To manage collateral risk across the mortgage portfolio by ensuring continuous monitoring of collaterals onboarded, assess technical & legal deviations taken at approval stage. The role involves creation of collateral policies, establish market specific collateral processes and conduct hindsight of the cases.
Key Responsibilities:
- Policy Development: Formulate and maintain collateral policies for diverse mortgage products, including Loan Against Property (LAP), Home Loans (HL), and Affordable HL/LAP.
- Policy Review & Enhancement: Conduct periodic reviews of existing policies and recommend revisions based on portfolio performance and emerging trends.
- Risk Assessment: Perform daily hindsight analysis at the case level for all approved and/or disbursed cases to ensure compliance and mitigate risk. Initiate market value audit process for disbursed cases and identify gaps, if any.
- System Configuration: Ensure accurate configuration of collateral workflows within the system and propose necessary enhancements to optimize processes.
- BRE Implementation: Implement collateral-related policy rules in the Business Rules Engine (BRE) to strengthen governance and controllership.
- Risk Management Framework: Design and maintain a comprehensive risk management framework encompassing identification, assessment, mitigation, monitoring, and reporting of risks.
- APF Management: Oversee Approved Project Finance (APF) policies and processes, and develop builder/project scorecards for effective evaluation.
- Regulatory Compliance & Control: Assess products, programs, and policies to ensure alignment with regulatory guidelines, and establish robust risk controls across all functions, including Onboarding, Credit, Operations, Fraud, and Reputation Management.
Job Requirements:
- BE (Civil) / B.Arch / MBA (Construction Finance or Project Management)
- 10-12 years of experience of managing collateral risk and/or collateral assessment in Banks/NBFCs/HFCs
- Must have understanding of builder categorization scorecard
- Must have experience of handling APF process
- Should have experience in handling legal evaluation in mortgage portfolio
- Experience in implementing scorecard models in collateral policy and credit decisioning process.
- Experience in implementing BRE and rule-based underwriting and enabling automation of credit checks.
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