VP, Secured Acquisition Risk

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Job Introduction

• Vice President-Secured Acquisition Risk Management is responsible for the management of pre-acquisition and post-acquisition activities for Current and Impaired Mortgage Assets in order to achieve the credit risk appetite and enable business growth.
• The most significant need that the incumbent has to fulfill is to manage front-end risk effectively while attracting and retaining profitable customers. The incumbent will assist in integrating discussions and action plans on the larger objectives of Acquisition Risk Management with Regional Risk, Product, Finance, Operations and Collection Teams. The Team activities will include portfolio analysis and recommendations to both eliminate unwanted risks and drive portfolio growth in support of asset optimization and maximization of risk adjusted revenue.
• The incumbent will assist in builder and project approval related activities.
• In addition, the role will need to assist in any Priority Sector Lending related deliverables from WPB Risk.

Principal Responsibilities

• Designing, modifying, implementing all credit policies including policies for acquisition, collateral management etc.
• Monitor sourcing mix and portfolio performance across programs, channels and segments in order to optimize enablement and protection initiatives.
• This will entail discussions on policy/portfolio related issues with Local WPB and Regional WPB Risk and be the one-point contact for all policy clarifications.
• Work closely with Internal Controls / other teams to ensure that implementation of policies is appropriate.
• Manage all Priority Sector Lending related deliverables from WPB Risk perspective.
• Ambitious growth plans coupled with the current economic environment, will require the incumbent to achieve the fine balance between business developments while maintaining risk levels of the portfolio at acceptable levels.

Role context

• The strategic directive that the incumbent has to deliver will be to build, automate and improvise the complex decision processes involved in the customer acquisition stage.
• Ambitious growth plans coupled with the current economic environment, will require the incumbent to achieve the fine balance between business developments while maintaining risk levels of the portfolio at acceptable levels.

Guidance & authority 

• The incumbent has the authority to take decision on credit Policy and related processes for Mortgage product, while balancing risk and growth objectives. In order to ensure that the Group’s lending norms are adhered to at all times, the jobholder will be guided by the area lending guidelines such as RRP, RG, FIM, Group Audit recommendations and local regulatory norms.The incumbent will draw guidance from SVP – Secured Lending Risk, Head – WPB Risk, India and ASP WPB Risk on matters related to policy