Credit Manager-FI Risk
IDFC FIRST Bank — Mumbai, MUMBAI
Apply Now
Job Description
Job Requirements About the Role
The Credit Manager – FI Risk is a key position within the Wholesale Banking Risk function, based in Mumbai. The role involves managing the bank’s lending process, including evaluating clients’ creditworthiness, approving or rejecting loan requests, and determining loan terms and interest rates. The role holder will also be responsible for developing credit scoring models, maintaining credit policy frameworks, and partnering with the credit systems support team to implement key policy criteria in credit evaluation systems.
Key Responsibilities
Primary Responsibilities
- Conduct regular asset quality reviews and provide analytical insights to identify risks and opportunities, recommending appropriate actions.
- Research and evaluate the creditworthiness of clients.
- Approve or reject loan requests based on credibility, potential revenue, and risk of losses.
- Calculate and set interest rates; negotiate loan terms with clients.
- Ensure credit policies and risk acceptance criteria are reviewed and updated regularly to reflect changes in legal/regulatory requirements, business strategies, market conditions, or portfolio performance.
- Develop, review, and update the bank’s credit policies.
- Follow up with clients to manage debt settlements and loan renewals.
- Create and maintain credit scoring models for risk assessment.
- Ensure adherence to the bank’s credit guidelines.
- Maintain records of all bank loans; monitor loan payments and manage bad debts.
- Analyze portfolio performance and ensure effective monitoring, trigger reviews, and delinquency control.
- Share best practices and knowledge within the team to foster continuous improvement.
Secondary Responsibilities
- Recommend improvements to processes and policies across the Retail Banking business to enhance operational efficiency and customer service quality.
- Collaborate with internal stakeholders to leverage in-house synergies and drive cross-functional initiatives.
What We Are Looking For
Education
- Graduate degree or higher in a relevant discipline.
- Post Graduate MBA
- CA certified but it’s not mandatory
Experience
- Minimum 10yrs experience in credit risk management, preferably within wholesale or retail banking.
Skills and Attributes
- Strong analytical and decision-making skills.
- In-depth understanding of credit evaluation, scoring models, and lending processes.
- Familiarity with regulatory guidelines and compliance requirements.
- Excellent negotiation and communication skills.
- Ability to manage and monitor loan portfolios effectively.
- Proficiency in credit systems and data analysis tools.
- Leadership capabilities to attract and retain top talent within the team.
Managerial & Leadership Responsibilities
- Attract and retain best-in-class talent for key roles within the reporting structure.
Key Success Metric
Frequently Asked Questions
What are the eligibility criteria for the Credit Manager-FI Risk job at IDFC FIRST Bank?
Eligibility typically includes the qualifications and experience outlined in the job description above, with around 0-2 Years years of relevant experience expected for this role.
What are the primary responsibilities of a Credit Manager-FI Risk at IDFC FIRST Bank?
The key responsibilities for this role are detailed in the Key Responsibilities section above, covering the core duties expected of a Credit Manager-FI Risk at IDFC FIRST Bank.
Is prior experience required for this position?
This role requires around 0-2 Years years of relevant experience, as specified in the job listing. Please refer to the Qualifications & Experience section above for full details.
What skills are important for this role?
Skills relevant to this position are outlined in the Qualifications & Experience section above. In general, strong communication, domain knowledge, and the ability to meet role-specific targets are valued across similar BFSI positions.
How do I apply for the Credit Manager-FI Risk role at IDFC FIRST Bank?
You can apply directly using the Apply Now button on this page, which will take you to IDFC FIRST Bank's application process for this role.
Chat us
Call us