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  • 10 - 18 Years
  • Posted : above 1 month

Job Description:

Job Purpose
The Vertical Head is responsible for manging the end to end the analytics requirements of a set of products or functions across business, credit, fraud and collections These are primarily in the form of models that can aid in providing business insight and enabling automated decision making The incumbent will be responsible for being in close touch with the heads of the corresponding products and functions to understanding ongoing business needs and then use data wherever possible to draw the necessary insights and provide solutions They would also be required to be in touch with the latest advancements in the industry, both banking and fintech, to see how these could be leveraged to provide better products optimally to the customers
Frequent senior management interaction is required to explain both how data based models can be used for these purposes and also explain short comings This requires the ability to clearly articulate tough analytics concepts in simple terms to further acceptance in newer forms

Job Responsibilities
Analytical Scorecards and Building and Modelling
Managing a suite of products and / or function within the Analytics Team
Ensuring close co-ordination with other functions in the Bank to help achieve specific Key objectives given by the Senior Management which involves Analytics involvement
Driving product strategy for Retail asset products and functions of the Bank with the help of segmentation, statistical/financial models Advanced models would need to be developed in partnership with the model building team or vendors and with the relevant business units The unit is also responsible for ensuring the successful deployment of these models - whether it is with front end credit appraisal, collections strategy, fraud risk or portfolio monitoring- in order to ensure tangible benefits for the bank
Portfolio monitoring and analysis for the different loan portfolios of the bank with the aim of supporting the policy/product units in the areas of sourcing and portfolio management Also, forecasting for credit losses from each of the products to aid in budgeting Also responsible for certain regulatory and compliance related projects/activities
To continuously evaluate latest trends in the financial industry including big data technologies and chart out experimental or proof of concept projects To adopt the latest trends wrt fintech companies by applying the best-in-class financial models, risk strategies Apart from working within the Retail Asset products, the Analytics unit works with the Wholesale divisions of the Bank and also with allied functions in the Bank such as Audit & Compliance, Human Resources, Financial Control Department, Subsidiaries of the Bank

Portfolio Monitoring
The incumbent will be required to be co-responsible for the risk of the products they are managing with the respective credit policy teams This will requiring an ongoing understanding of developments in the portfolio and building and usage of tools which will enable early identification of issues and suitable fixes

Thinking, evolving and making significant changes in the processes, techniques, methods so as to save time, energy and money
This will require adequate time being spent on the ground understanding real business problems and coming up with data based insights and proposing solutions, either analytical or otherwise
Being in touch with industry advancements to understand how these can be brought/adapted to the Banks needs

Educational Qualifications
MBA / Masters in (Statistics) / /CFA

Key Skills
Strong technical & analytical skills
Strong written and verbal communication skills
Very comfortable with numbers
Strong ability to quickly grasp business problems and come up with solutions
Knowledge of competition & current trends in financial Industry

Experience Required
Experience of 8 years in credit risk management in wholesale banking from reputed financial house
Exposure to banking preferable

Profile Summary:

Employment Type : Full Time
Eligibility : Any Graduate
Industry :
  • Risk/Credit/Economic
  • Functional Area : Banks/Insurance/Financial Services
    Role :
  • Salary : As per Industry Standards
    Deadline : 15th Apr 2020

    Key Skills:

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