Manage collateral risk across mortgage portfolios by developing policies, assessing legal and technical deviations, reviewing approved and disbursed cases, implementing BRE rules, overseeing APF processes, creating builder and project scorecards, and ensuring regulatory compliance and controls across credit, operations, fraud, and onboarding.
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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