FatakPay Digital - Manager - Risk Analytics/Credit Risk (6-10 yrs)

Job Title : Risk Analytics Manager - Fintech Industry.

Department : Risk Management / Audit.

Location : Andheri East.

Reports to: COO.

Job Type : Full-Time.

Job Overview :

- The Credit Risk & Policy Audit role in the Fintech industry is responsible for evaluating, assessing, and auditing the company's credit risk policies, procedures, and practices.

- The role ensures that the fintech organization's credit policies align with regulatory standards, best practices, and business objectives, while mitigating credit risk effectively.

- The position involves conducting internal audits, identifying gaps in credit risk management processes, and working with cross-functional teams to ensure the implementation of sound risk controls.

- This role is critical to safeguarding the company's portfolio and preventing credit defaults and fraud.

Key Responsibilities:.

- Credit Risk Management Audit.

- Conduct regular audits of the company's credit risk management framework to ensure compliance with internal policies, industry standards, and regulatory requirements.

- Review credit risk models, approval processes, and credit assessment tools to ensure they are appropriate, effective, and up-to-date.

- Assess credit underwriting standards, credit scoring models, and decision-making algorithms for accuracy and reliability in predicting creditworthiness.

- Identify areas of credit risk exposure, including fraud, defaults, and bad debt, and recommend corrective actions to mitigate these risks.

- Policy Compliance and Effectiveness.

- Audit and assess the company's credit risk policies and procedures to ensure they are consistent with business goals, risk appetite, and regulatory requirements.

- Review and validate credit policies related to personal loans, credit cards, digital lending, and other fintech products to ensure adherence to legal and ethical standards.

- Work with legal and compliance teams to identify any regulatory changes and ensure that credit risk policies and procedures are updated accordingly.

- Credit Portfolio Monitoring.

- Perform regular audits on the credit portfolio to assess risk, performance, and quality of loans or credit products.

- Evaluate the loan origination process, monitoring for any potential systemic risks or weaknesses in the portfolio.

- Analyze portfolio metrics such as delinquency rates, non-performing loans (NPLs), default rates, and recovery performance.

- Work with credit operations teams to ensure proper documentation and compliance with established policies for credit transactions.

- Risk Control and Mitigation.

- Identify opportunities to enhance or improve risk controls in credit operations, including new systems, processes, or tools.

- Collaborate with the credit risk team to develop strategies for risk mitigation, including the setting of credit limits, loan-to-value ratios, and risk-based pricing.

- Recommend best practices for credit policy governance and ensure that credit risk is managed consistently across all products and services.

- Audit Reporting and Documentation.

- Prepare detailed audit reports outlining findings, risks, and recommended actions to senior management and relevant stakeholders.

- Provide actionable insights to improve credit risk policies, processes, and controls, ensuring alignment with company objectives and regulatory frameworks.

- Track the implementation of audit recommendations and ensure that corrective measures are adopted in a timely manner.

- Ensure proper documentation of audit activities and findings, maintaining compliance with internal and external audit standards.

Qualifications and Skills:

Education:.

- Bachelor's degree in Finance, Business, Economics, or a related field (Master's or professional certifications such as FRM, CFA, or CPA are preferred).

Experience:.

- 6-10 years of experience in credit risk management, policy audit, or internal audit roles, preferably in the fintech, banking, or financial services sector.

- Experience with credit risk models, underwriting processes, and credit portfolio management.

- Strong understanding of regulatory frameworks related to lending, credit risk, and fintech operations.

- Familiarity with industry-specific risk tools, credit scoring systems, and fintech products.