Credit Risk Lead

This role is for one of the Weekday's clients

Min Experience: 3 years

Location: Mumbai

JobType: full-time

The Credit Risk Lead will be responsible for building, managing, and continuously enhancing credit risk strategies for short-tenure, small-ticket unsecured personal loans. This role focuses on strengthening underwriting frameworks, improving portfolio performance, and ensuring regulatory compliance while working closely with data science, collections, and operations teams.

Requirements:
Key Responsibilities

Credit Strategy & Underwriting

• Design, implement, and refine credit policies and strategies for unsecured personal loan products.
• Partner with Data Science teams to enhance decision engines, scorecards, rule-based logic, and real-time underwriting models.
• Develop robust risk segmentation using behavioural data, bureau insights, device intelligence, fraud signals, and portfolio trends.

Portfolio Monitoring & Risk Analytics

• Analyse bounce rates, roll rates, early-bucket delinquencies, and cohort behaviour to identify emerging risk segments.
• Track vintages, cohorts, and DPD curves to continuously optimize approval logic, limits, and pricing policies.
• Identify trends driving delinquencies and recommend corrective credit actions.

Collections & Performance Optimization

• Share actionable insights with Collections teams to improve pre-due, early-DPD performance, and cure rates.
• Support strategy alignment between underwriting and collections for better portfolio outcomes.

Fraud & Controls

• Strengthen fraud detection mechanisms, identity verification processes, and thin-file underwriting frameworks.
• Ensure high-quality approvals while minimizing fraud and early defaults.

Governance & Compliance

• Own credit policy governance, documentation, and internal controls.
• Ensure full compliance with RBI Digital Lending Guidelines and other applicable regulatory requirements.
• Stay updated on market practices, competitor strategies, and regulatory changes to keep the credit framework future-ready.

Candidate Profile

• Hands-on experience in unsecured personal loan credit risk within a fintech or NBFC environment.
• Strong expertise in digital underwriting, policy design, and credit decisioning for short-tenure loan products.
• Proven experience with scorecards, rule engines, bureau data, device signals, and behavioural analytics.
• Ability to collaborate closely with Data Science teams and translate complex data insights into clear credit actions.
• Strong communication skills, stakeholder management ability, and an analytical, proactive mindset.

Why This Role

• High-ownership role with end-to-end responsibility for credit risk strategy.
• Opportunity to shape scalable, data-driven underwriting frameworks.
• Fast-paced environment with strong learning and growth potential.