Head of Credit

Location

Mumbai | India

Job description

Experience: 15+ Yrs in Banking sector

As a Credit Head in a cooperative bank, your role involves overseeing and managing the credit function of the bank. Here are some key responsibilities and considerations for your role:

1. Credit Risk Management : Your primary responsibility is to ensure the prudent management of credit risk within the bank's lending activities. This includes developing and implementing credit policies, procedures, and underwriting standards to assess and mitigate credit risk effectively.
2. Lending Strategy : You'll be responsible for developing and executing the bank's lending strategy, including determining target markets, loan products, pricing, and terms. Your strategy should align with the cooperative bank's overall mission, goals, and risk appetite.
3. Credit Analysis and Decision Making : You'll oversee the credit analysis process, including assessing the creditworthiness of borrowers, evaluating loan applications, and making lending decisions based on risk assessment and credit policies. This involves analyzing financial statements, credit reports, and other relevant information to determine the borrower's ability to repay.
4. Portfolio Management : You'll monitor and manage the bank's loan portfolio to ensure it remains within acceptable risk parameters. This includes tracking loan performance, identifying emerging credit risks, and taking proactive measures to address any issues or delinquencies.
5. Compliance and Regulation : Ensuring compliance with regulatory requirements and internal policies is essential. You'll need to stay updated on relevant regulations governing lending practices, consumer protection, and risk management and ensure that the bank's credit operations adhere to these standards.
6. Credit Underwriting and Documentation : You'll oversee the credit underwriting process, including assessing collateral, structuring loan terms, and preparing loan documentation. It's crucial to ensure that all lending decisions and documentation comply with regulatory requirements and internal policies.
7. Credit Monitoring and Reporting : You'll establish systems and processes to monitor credit exposures, track loan performance, and generate regular reports for senior management and regulatory authorities. This includes monitoring key credit risk metrics, such as loan delinquencies, loss ratios, and portfolio concentrations.
8. Credit Training and Development : You may be responsible for providing training and development opportunities for credit staff to enhance their skills and knowledge in credit risk management, underwriting, and regulatory compliance.

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