08 Oct
CarePal Money
Surat
Summary of the Role
The Vice President of Product & Risk for Lending is a senior leadership role, responsible for
developing and implementing credit risk strategies and policies specific to lending, with a focus on patient loans. This role is also responsible for shaping product development by working closely with technology vendors, internal product and technology teams, and lending partners.
Roles & Responsibilities
Credit Risk Strategy and Policy Development :
- Develop and maintain credit risk strategies and policies for personal loans, with a particular emphasis on patient loans.
- Continuously review and refine these policies to adapt to changing market conditions, regulatory requirements, and business objectives.
- Monitor and analyze industry trends and best practices to ensure the organization's competitiveness.
Partnerships :
- Develop and maintain relationships with lenders, credit bureaus, data providers, etc.
- Work closely with the CBO to ensure that the business is profitable
Portfolio Management :
- Oversee the management of the patient loan portfolio, including credit quality, delinquency rates, and loss forecasting.
- Implement strategies to optimize portfolio performance and maintain acceptable risk levels.
- Develop and execute strategies for origination, underwriting, and portfolio management.
Risk Assessment and Modeling :
- Utilize advanced analytics and modeling techniques to assess credit risk within the personal loan portfolio.
- Develop, validate, and maintain credit scoring models for patient loans.
- Collaborate with data scientists and analytics teams to enhance risk assessment methodologies.
Regulatory Compliance :
- Ensure compliance with all relevant federal and state laws and regulations governing personal loans and consumer lending.
- Maintain a comprehensive understanding of changing regulations and recommend necessary policy adjustments.
Team Leadership :
- Lead and mentor a team of credit risk professionals, fostering a culture of innovation and
excellence.
- Provide guidance and support for staff development, performance evaluations, and goal setting.
Stakeholder Collaboration :
- Collaborate with cross-functional teams, including sales, underwriting, and finance departments, to ensure alignment with credit risk policies.
- Communicate with the executive team and board of directors to provide insights into the credit risk landscape.
Reporting and Analytics :
- Produce regular reports and presentations on credit risk performance, trends, and policy recommendations.
- Develop key performance indicators (KPIs) to track and measure the effectiveness of credit
risk management strategies.
Professional Experiences
- Minimum of 8 years of experience in credit risk management, with a strong background in
personal loans and consumer lending.
- Extensive knowledge of credit risk modeling, risk assessment, and regulatory compliance.
- Strong leadership skills with a proven track record of managing high-performing teams.
- Excellent communication, presentation, and interpersonal skills.
- Proficiency in data analytics and statistical tools.
- Knowledge of relevant software and technology in credit risk management.
What do we offer?
- Attractive salary & performance-linked bonuses
- An opportunity to be in a leadership position in a high-growth start-up
- Fun, casual & flexible work environment
- Entrepreneurial, forward-looking, growth-driven & open work culture
▶️ Vice President - Product & Risk
🖊️ CarePal Money
📍 Surat