Hero Fincorp - Senior Associate - UCL Risk & Policy - Sale Purchase
Risk Management & Compliance
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Job Description
JOB DESCRIPTION -
Job Title: Sr. Associate - UCL Risk & Policy (Sale Purchase)
Band/ Grade: 3
Reporting To: Lead - Risk & Policy - Auto Lending
Department: CRO Unit
Locations hiring for: Corporate Office - DLF Downtown
State: Haryana
Responsibilities for the job:
- Support policy formulation and portfolio management for Used Car Loans lending businesses.
- Design, implement and monitor risk policies for Used Car Loans, New Car Loans and Electric Commercial Vehicle portfolios.
- Define customer eligibility criteria, FOIR, bureau, LTV norms and exposure limits.
- Drive periodic policy reviews based on portfolio performance and business requirements.
- Define dealer onboarding and dealer grading frameworks, analyse dealer and channel wise performance and recommend actions.
- Recommend dealer-level approval limits and exposure controls.
- Evaluate new channel partners, aggregators and marketplaces from a risk perspective.
- Define and establish RC transfer exception handling framework.
- Drive policy decisions on ownership transfers, valuation gaps and documentation deficiencies.
- Define and monitor PDD requirements, pendency and risk-based waiver framework.
- Monitor PDD pendency and closure performance.
- Recommend automation and process improvements to reduce operational risk.
- Drive digitization and automation of risk and policy controls.
- Track performance of policy changes through approval, bounce and delinquency trends.
- Conduct RCA of policy-driven portfolio deterioration.
- Recommend policy refinements based on data analysis.
- Coordinate with Product, Sales, Collections and Operations teams.
- Assist in audit, compliance and regulatory requirements.
Eligibility Criteria for the Job:
Education:
MBA/Btech/MSc
Work Experience:
5 - 8 years of work experience in Used Car, Auto Loans, Personal Loan, Credit Card or Retail Lending Risk.
Primary Skill:
Strong understanding of Auto lending products
Technical Skills:
Risk Policy, Bureau Analytics, Portfolio Monitoring, Strong analytical skills coupled with good understanding of Credit Risk management & scorecards, PDD management. Python/SAS/SQL mandatory.
Soft Skills:
- Strong communication and presentation skills
- Collaboration and Influencing skills
- Ability to independently think and contribute individually to wider stakeholders
Skills
Credit RiskRisk ManagementPortfolio ManagementOperational RiskCredit PolicyComplianceCompliance And RegulatoryRegulatoryRegulatory RequirementsRisk ManagementOperational RiskCredit RiskIf a job posting appears fraudulent, asks for payment, contains misleading information, or violates our guidelines, please report it immediately. Our team will review it promptly, Jobaaj does not charge any fee from the applicants.
About Company
""Finance Made Easy. Three simple words, that drive India's next generation ultra-lean credit champion – Hero FinCorp. Incorporated in December 1991 as Hero Honda FinLease Limited; the restructuring of our parent company Hero MotoCorp Limited, led to our present form as Hero FinCorp Limited. Today, we're present at close to 2000 retail financing touch-points across Hero MotoCorp's network, and have partnered with over 2000 satisfied corporate clients. Going forward, we plan to continuously expand our offerings and geographic presence, whilst offering class leading financial services to all sections of our society.""
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