Manager/Senior Manager - Business Risk - BFSI

Job Description

Company ProfileAye Finance was incepted in 2014 with a simple vision of empowering the micro enterprises of India by providing them timely access to adequate business funding to run and grow their business. There are over 60 million micro enterprises which have struggled with accessing credit from formal lending channels as majority of these enterprises did not maintain formal documentation for their businesses, had no collateral to offer and seldom had prior credit histories. This resulted in a debt gap of INR 16 trillion (IFC Report 2012). We at Aye have designed an innovative Cluster Based Credit Assessment underwriting methodology, and various data analytical scorecards as well as psychometric analysis, which allows us to make risk selection even in the absence of traditional business documentation.By leveraging the advancements in technology and through our deep-rooted understanding of various industry clusters across India, Aye has successfully enabled the inclusion of over 2,00,000 micro enterprises having disbursed over INR 2500 crores to them. With a team size of over 3200, Aye has presence in 18 States through its 211 Branches. Continuing its journey of providing affordable financing options to micro enterprises, Aye plans to have covered over 5,00,000 micro enterprises in 5 years.What sets Aye apart from other players in the mix is the assisted fintech- approach we use to offer credit to this historically excluded segment. Micro SMEs typically have a scanty digital and financial footprint as compared to their larger market counterparts, making their credit assessment and offering economical line of credit a challenge. While our proprietary, Cluster Based Credit Assessment methodology has allowed us to underwrite the risk, we have also designed our customer acquisition process which mirrors the comfort of the Indian micro entrepreneur who is not comfortable transacting on the internet. We have chosen to set up low cost branch networks to deliver a high touch origination experience to him, and to ensure we maintain economies of scale of our small ticket size loans we have used cloud based business process engine and variety of data models, and optimally automated our underwriting and collections processes. This Indianized approach has provided us among the lowest unit cost of loan origination for business lending in India, and a low rate of delinquencies. Our turning profitable within four years of operations is a validation of the success of this approach.Aye Finance is equity-funded by six reputed investors - Capital G (erstwhile Google Capital), SAIF Partners, Falcon Edge, LGT, A91 Partners and MAJ Invest. It also has over a dozen providers who extend their debt funds for its MSME finance business including Indias largest PSU as well as private Bank SBI, HDFC Bank & ICICI Bank and leading global foreign investors like FMO, BlueOrchard, Triodos Investment, Symbiotics, TripleJump and MicroVest. Aye ranked 14th amongst the top 100 Best Places to Work, by Great Place to Work Institute, a globally recognized authority in creating, assessing, and identifying the best workplaces, across the globe. Aye has also been ranked amongst the best workplaces in the NBFC segment and is part of the top 20 best workplaces in the BFSI industry second year in a row.Aye is delivering outcomes that befit a double bottom line - on the one hand, stablishing an efficient, profitable and scalable business and on the other, bringing about a transformative social impact by addressing the disparity in economic privileges of this excluded sector.Designation: Manager / Senior Manager-Business Risk Work Location: Gurgaon Context: As a Risk Manager/Sr Manager the candidate will report to and assist the Chief Risk Officer in setting the strategic risk management vision for the organization and execute the strategy in partnership with various stakeholders.Responsibilities:- Support the management team in establishing an Enterprise Risk Management Framework and defining the risk posture for the organization. - Identify current risks and potential risks impacting the company. Assess, mitigate, measure, monitoring and report the identified risks according to companys enterprise risk management framework. - Ensure that the organizations risk management policies and practices are in compliance with regulations. - Conduct periodic product and process reviews to manage inherent risks effective and recommend risk mitigation plans/ controls to stakeholders and ensure implementation - Identify and escalate internal and external systemic risk issues/emerging trends and implement appropriate preventive detective controls. - Facilitate Risk & Control Self Assessments (RCSAs) and Internal stress tests and take appropriate actions on the results of such assessments. - Design and maintain risk management tools like Key Risk Indicators, Early warning Signals, Key Risk Area assessment, loss trend analysis and support Board Risk Committee reporting. - Contribute to the continuous improvement of risk management capabilities of the organization. - Advance risk and control awareness through training, sharing of best practices and case studies Requirements:- Deep knowledge of business processes in retail lending in banking or NBFC. - Work experience in core risk management areas like Enterprise Risk Management, Operational Risk, Credit Risk or Market Risk in a retail environment. Good understanding of risk management tools and practices. - Highly developed facilitation skills and analytical skills. Ability to build & leverage relationships across the organization.- Detail oriented, proactive, ability to deal with ambiguity and adept at solving unstructured and complex business problems- Excellent skills in data visualization, analytical tools and business communication - CA / Masters degree in Finance/Economics/Business Management or related discipline,

Keyskills :
risk management frameworkfinanceenvironmental impact assessmententerprise risk managementmismarket risksalesdata modelscredit riskrisk management toolsltdaccountancy