Risk Manager at IDFC FIRST Bank

Job Description

Job Requirements

About the Role

The Policy/Risk Manager plays a critical role within the Risk function, based in Mumbai. The role is responsible for assessing, managing, and reporting risks for assigned business units. It involves implementing strategies to ensure effective risk coverage and alignment of the asset portfolio with the bank’s desired risk levels. The role also includes preparing risk assurance reports and summaries for senior management to support strategic decision-making aligned with the bank’s broader objectives.

Key Responsibilities

Primary Responsibilities

Conduct regular asset quality reviews and provide analytical insights to identify risks and opportunities, recommending appropriate actions.
Review and update program risk acceptance criteria in response to changes in legal and regulatory requirements, business strategies, market conditions, or portfolio performance.
Build strong controls to mitigate risks across onboarding, credit, operations, fraud, and reputational domains.
Monitor portfolio delinquencies at a granular level, identifying high-risk segments, locations, and customer profiles.
Define and shape product-level risk appetite in alignment with the bank’s overall risk framework and growth objectives, including risk-based pricing strategies.
Facilitate the implementation of technological interventions such as scorecards, digital journeys, and process automation to enhance efficiency.
Recommend improvements to processes and policies across Retail Banking to drive operational excellence and superior customer service.

Secondary Responsibilities

Recommend improvements to risk-related processes and policies to enhance operational efficiency and risk coverage.
Collaborate with internal stakeholders to ensure cohesive execution of risk strategies.
Contribute to the development of a risk-aware culture across the organization.

What We Are Looking For

Education

Graduation: Full time graduate in any discipline from a recognised institution.
Post-graduation: MBA from a recognised institution.

Experience

Minimum of4yearsof experience in a banking environment, specifically within risk management within BFSI industry.

Skills and Attributes

Strong understanding of retail banking products and risk frameworks.
Proven ability to define and implement risk appetite and policy structures.
Analytical mindset with the ability to interpret complex data and provide actionable insights.
Experience in managing regulatory compliance and internal controls.
Effective communication and stakeholder management skills.
Ability to lead cross-functional initiatives and drive technological enhancements.

Frequently Asked Questions

What are the eligibility criteria for the Risk Manager 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 Risk Manager 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 Risk Manager 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 Risk Manager 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.

Risk Manager

IDFC FIRST Bank — Mumbai, MUMBAI