Consultant/Senior Consultant – Credit card

Consultant/Senior Consultant Credit card Policy

Location : Mumbai

Years of experience 3 to 5 Years

Job Requirements: The Job involves developing the Credit Risk Policy, Credit Model, Scorecard, Credit Process, detailed policy writing for various clients.

Job description

Assist clients in drafting the overall credit policy, creating underwriting framework, and policy for underwriting of credit card application based on multiple scenarios and factors

Implementation of scenario based underwriting scorecards based on the credit card underwriting policy and framework

Study the emerging macro-economic, sectoral trends, assess the impact on the existing underwriting framework available in the market.

Benchmark credit policies for various banks and come up with suitable framework for credit policy for the client

Work with Credit bureaus, AI based vendors and other Credit related vendors to come up with various scorecards and scenarios for underwriting.

Designing pre-approved policies and customer-base generation activity basis existing portfolio and other Bank relationship and bureau conduct to ensure higher card penetration to the internal customers

Experience with dynamics of unsecured or secured products

Designing and implementing various Scoring Models and Credit Risk models for card acquisition.

Experience in performing quantitative analysis, statistical modeling, loss forecasting, loss reserve modeling, and particularly econometric modeling of consumer credit risk stress losses

Exposure to various stress loss modeling approaches at the segment or account level preferred

Experience in creation of risk weights, risk multipliers and matrices, probability of default etc

Exposure to Digital channels, FinTechs and online tools of credit dispensation

Sound understanding of regulatory guidelines on credit issued by RBI (local regulations in India), MAS and local laws and regulations that impact businesses in general

Experience in credit and fraud risk related analytics initiatives

Ability to do deep dives and recommend actions to ensure risk metrics remain within acceptable threshold

Create early warning signals to identify red flags within the portfolio

Create fraud rules to identify fraudulent customers / transactions within Credit Cards, while minimizing false positives

Build robust credit risk models like Application Score (includes reject inferencing) / Behavior Score

Build fraud risk/collections models for Credit Cards

Work with Risk / Business teams to secure approval of models and strategies developed

Subject matter expert in the domain of Credit Card Risk Analytics Scope of the role

Provide data driven solutions to improve portfolio quality and delinquency

Ability to understand complex business problems, end to end hands on exposure to analytics including collecting, pulling and preparing data, building statistical/ ML models using Python/ R / SAS & other tools and generating insights to synthesize a complete, cohesive picture

Communicate the context and value of data analysis and models to stakeholders

Work closely with internal and external business partners in building, implementing, tracking and improving decision strategies Desired

Key Requirements:

Relevant experience in designing and implementing the credit card policies for a Bank or worked with a Credit bureau (CIBIL/Experian/Crif)

Must have in depth knowledge of the underwriting policies for lending product, especially for credit cards

Must have good written and verbal communication skills