Credit Risk Analyst

Job Details

Work Level: Middle Management

Core: Time Management

Leadership: Active Listening

Industry Type: Banking

Function: Credit Risk

Key Skills: Credit Risk

Education: PG/ Master

Note: This is a requirement for one of the Workassist Hiring Partner

Role Description

This is a full-time on-site role for a Credit Risk Analyst at Workassist located in Mumbai. The Credit Risk Analyst will be responsible for tasks such as analyzing credit risks, conducting risk assessments, managing portfolios, and providing financial insights to support decision-making processes in risk management. Risk Management Group works closely with our business partners to manage the banks risk exposure by balancing its objective to maximize returns against an acceptable risk profile.

Roles & Responsibilities:

Manage policy / processes for mainly Personal loans for the consumer retail portfolio pan India

Assist in the preparation & implementation of product programs

Facilitate regular asset quality reviews with provision of analytics insights to identify risks/ opportunities and recommend relevant actions

Ensure credit policies and program risk acceptance criteria are reviewed regularly, with timely updates for proactive adaptation to changes in legal /regulatory requirements, business strategies, market environment or portfolio performance

Drive portfolio management initiatives through the credit cycle management framework by working in partnership with product managers, credit systems team, credit operations team and collection team

Work in partnership with credit systems support team to implement key credit policy criteria in

relevant credit acceptance & evaluation systems

Escalate on timely basis significant risk issues to business management for taking appropriate remedial actions

Ensure timely completion of RCSAs including appropriate action plans to address identified control gaps

Ensure issues/action plans arising from Risk & Control Self-Assessments, risk events, KRIs, regulatory inspections or other risk issues are properly followed up.

Qualifications

• Analytical Skills and Risk Analysis ability
• Experience in Credit Risk Management and Portfolio Management
• Financial knowledge and expertise in Finance
• Strong problem-solving and decision-making skills
• Bachelor's degree in Finance, Economics, Business, or related field
• Certifications in Risk Management or related field are a plus

Company Description

Workassist is an online recruitment and employment solution based in India, providing a platform for job seekers and employers across various industries. The company leverages e-recruitment technology to match relevant profiles with employers and jobs, offering opportunities worldwide. Workassist collaborates with sectors like Banking & Finance, Consulting, Sales & Marketing, Healthcare, IT, and Operations to connect emerging talents with leading recruiters.

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