Kotak Mahindra Bank—Risk Manager-Support Services-Consumer Risk

Job description

Description: Job Description – Risk Manager, Mortgages Job Purpose: To manage collateral risk across the mortgage portfolio by ensuring continuous monitoring of collaterals onboarded, assess technical & legal deviations taken at approval stage. The role involves creation of collateral policies, establish market specific collateral processes and conduct hindsight of the cases. Key Responsibilities: - Policy Development: Formulate and maintain collateral policies for diverse mortgage products, including Loan Against Property (LAP), Home Loans (HL), and Affordable HL/LAP. - Policy Review & Enhancement: Conduct periodic reviews of existing policies and recommend revisions based on portfolio performance and emerging trends. - Risk Assessment: Perform daily hindsight analysis at the case level for all approved and/or disbursed cases to ensure compliance and mitigate risk. Initiate market value audit process for disbursed cases and identify gaps, if any. - System Configuration: Ensure accurate configuration of collateral workflows within the system and propose necessary enhancements to optimize processes. - BRE Implementation: Implement collateral-related policy rules in the Business Rules Engine (BRE) to strengthen governance and controllership. - Risk Management Framework: Design and maintain a comprehensive risk management framework encompassing identification, assessment, mitigation, monitoring, and reporting of risks. - APF Management: Oversee Approved Project Finance (APF) policies and processes, and develop builder/project scorecards for effective evaluation. - Regulatory Compliance & Control: Assess products, programs, and policies to ensure alignment with regulatory guidelines, and establish robust risk controls across all functions, including Onboarding, Credit, Operations, Fraud, and Reputation Management. Job Requirements: - BE (Civil) / B.Arch / MBA (Construction Finance or Project Management) - 10-12 years of experience of managing collateral risk and/or collateral assessment in Banks/NBFCs/HFCs - Must have understanding of builder categorization scorecard - Must have experience of handling APF process - Should have experience in handling legal evaluation in mortgage portfolio - Experience in implementing scorecard models in collateral policy and credit decisioning process. - Experience in implementing BRE and rule-based underwriting and enabling automation of credit checks.