About company:
Swadhaar FinAccess (SFA) provides financial education to urban poor women and is a Business Correspondent for two banks facilitating access to the urban poor for opening savings accounts with these Banks in Mumbai. It has 6 outlets in Mumbai for servicing the client savings accounts and is looking to consolidate the operations of these outlets to expand outreach and transaction volumes, and improve efficiencies to make the operation sustainable. For more information, see www.swadhaar.org.
Position: Risk Analyst / Risk Manager
Responsibilities and functions:
- Participate in the generation of Management strategies, based on risk and profitability models, with the purpose of supporting Credit & Marketing Activities in their purpose of optimizing account growth, customer acquisition, and portfolio profitability
- Support the business in the identification of Operational and Market relating risks, generating the adequate documentation and control tools where applicable
- Control Delinquency and Credit Risk Related losses through the proper allocation of resources using segmentation tools to guide proactive collection efforts
- Work with Credit Units to optimize credit policies through the use of scoring and analytics (relationship, exposure, exceptions, etc.)
- Improve the effectiveness of the collections process through proper segmentation and behavior scoring
Knowledge required:
The Risk Analyst requires:
- Advanced statistical skills, Credit Risk Modeling/Analysis, Data Mining, Financial knowledge
- Knowledge of Portfolio Risk/Management within financial business
- Clear understanding of portfolio risks related to vintage and delinquency trends
- Knowledge of market and operational risks
- Efficient cost management skills
- Knowledge of standard reports required for Credit Business Management, and experience ensuring data-integrity and timely delivery
Qualifications:
- Minimum of BS/BA in Economics, Industrial Engineering, Finance, Mathematics, Statistics, or Business
- Preference for Masters (MBA or related) in same fields
Experience required:
- Minimum 2 years in Credit Risk Modeling / Analysis in the financial services sector
- Background in financial analysis with statistics or programming is ideal
Specific skills:
- Basic accounting knowledge, Basic marketing skills, Knowledge of operational processes, Product specific knowledge, Computer/technical skills, Knowledge of Statistics and/or financial analysis
Salary: Negotiable
Location: Mumbai
APPLY: If interested, send your latest updated CV to fancy at mangalamjobs.com along with following details:
- Current CTC
- Expected CTC
- Total Years of Experience
- Notice Period