Kaleidofin - Risk Manager (4-7 yrs)

Kaleidofin- Risk- Manager

Who we are:

Kaleidofin Capital Pvt Ltd (KCPL), incorporated on March 19, 2021, is a prominent Non-Banking Financial Company (NBFC) focused on delivering innovative credit solutions to underserved communities often overlooked by traditional financial institutions. KCPL, a wholly owned subsidiary of Kaleidofin Pvt Ltd, operates as part of a larger fintech ecosystem dedicated to providing comprehensive, customer-centric financial services. With a mission to enhance financial inclusion, KCPL specializes in retail lending through partnerships with Business Correspondents (BC), targeting both individual and Micro, Small, and Medium Enterprise (MSME) customers.
KCPL received its NBFC certification in 2022, officially authorizing it to conduct lending activities. Since then, the company has expanded its operations to over 437 districts across 12+ states in India, leveraging Kaleidofin's established presence in these regions. This extensive reach allows KCPL to make a substantial impact in rural and semi-urban regions, effectively bridging the financial services gap for informal and small-scale businesses.

KCPL uses cutting-edge technology and data analytics to create personalized financial plans that align with customer goals. Utilizing the proprietary "ki score" - an advanced supervised machine learning algorithm which helps in ensuring efficient service delivery, affordability, and accessibility by underwriting loans for customers with limited documentary evidence on income.

With robust underwriting and risk management frameworks KCPL has pioneered innovative lending solutions such as small business loan securitizations and co-lending models.

KCPL has built credit book of INR 1.1 billion, primarily focused on informal micro-enterprises, agricultural and allied industries, and loans for women entrepreneurs. This growth has been driven by partnerships with banks, large NBFCs, and a strong network of originators. Additionally, KCPL's expertise in debt capital markets and structured finance has enabled it to leverage a diverse set of funding sources to support its lending initiatives.

KCPL's strategic direction is guided by a distinguished board, including three promoter directors: Mr. Puneet Gupta, Mrs. Sucharita Mukherjee, and Mr. Vipul Sekhsaria. They are supported by Independent Director Mr. Ramanathan. Kaleidofin Capital is led by a team of seasoned professionals with deep expertise in finance, technology, and social impact. The leadership team combines years of experience with a shared commitment to driving meaningful change through financial empowerment. This experienced leadership team brings a wealth of industry expertise, driving KCPL's mission.

Through a combination of deep market presence, cutting-edge technology, and strong partnerships, KCPL is positioned as a trusted financial services provider, fostering financial inclusion and supporting the growth of India's underserved communities.

About the role:

As Manager Risk, you will be involved in the development and implementation of the company's risk management strategy across credit, operational, and regulatory domains. This role demands a strategic mindset, strong analytical skills, and a deep understanding of the NBFC sector and regulatory landscape in India. The ideal candidate will be an experienced risk management individual, capable of managing and mitigating risks in alignment with our growth objectives, regulatory requirements and growing shareholder values.

Key Responsibilities:

- Risk Strategy & Framework Development:

- Evolve and implement a comprehensive risk management framework that aligns with business goals, regulatory requirements, and market conditions.

- Oversee risk identification, assessment, and mitigation strategies across all major risk types, including credit, market, operational, and compliance risks.

- Ensure policies and frameworks are kept updated to identify, assess, monitor, measure and control a broad spectrum of risks.

- Monitor emerging credit risks (e.g., credit fraud, economic downturns) and recommend proactive measures.

Credit Risk Management:

- Manage risk for the retail and wholesale portfolio. Should have managed organization level credit risk policies and procedures, including underwriting standards, risk appetite frameworks, credit scoring models and collections processes.

- Work with the credit team to develop robust risk assessment tools, especially for lending products offered to diverse customer segments in India.

- Strong and deep understanding of the business. Evaluate business practices from a risk lens, including helping report to the Board and Board Committees and providing leadership in the effectiveness of across the organization.

- Ensure effective and continuous portfolio monitoring, stress testing, and forecasting to identify and manage potential default risks.

- Operational and Regulatory Compliance for credit.

- Ensure compliance with regulatory reporting guidelines issued by RBI and other authorities. Ensure timely regulatory reporting, organized audits, and lead initiatives to improve compliance culture across the organization.

- Ensure that credit risk management controls, systems, and processes are working like clockwork.

Data-Driven Risk Management-

- Leverage data analytics, AI, and machine learning tools to enhance data insights for risk control, provide inputs to improve risk modeling, fraud detection, and early-warning systems.

- Implement advanced data-driven strategies for more accurate risk assessment and mitigation.

- Work closely with business partners and stakeholders to recommend approaches that will improve our ability to address emerging business issues and trends.

- Work with Data Science and Product teams to develop new capabilities based on risk requirements needed by partners.

Risk Reporting & Stakeholder Communication:

- Prepare and present regular risk reports to senior management and the board, providing insights into portfolio performance, emerging risks, and key risk indicators.

- Foster a risk-aware culture across the organization through training and risk management education for employees and other stakeholders.

Team Development:

- Engage with cross-functional teams to ensure alignment of risk strategies with business and operational goals.

Skills and requirements:

- Master's degree in finance, economics, risk management, or a related field.

- Minimum of 4-7 years of experience in risk management, ideally in the NBFC, banking, or financial services sector.

- Experience in both wholesale and retail lending would be preferred. Some experience in a business role within the banking and NBFC space will be an added advantage.

- Strong knowledge of credit risk, market risk, and operational risk in the context of an NBFC; familiarity with RBI regulations.

- Sector understanding in financial institutions and strong ability to interpret financial trends.

- Proficiency in risk management and data analytics tools, ideally including Python and SQL.

- Advanced analytical skills, with experience in quantitative risk modeling, portfolio analysis, and forecasting.

- Should have held a position of authority in terms of allocation and appropriating limits.

- Demonstrated resilience - strong runs with companies and experience taking businesses to scale.

- Ability to work hard in a fast-paced dynamic environment.