Director - Risk Management (Education Loans)

Job Description

About Our Client: Our client is a well-funded Non-Banking Financial Company (NBFC) focused on providing long-term education loans to students across India and abroad. The company is on a mission to enable access to higher education through responsible and sustainable lending practices. With a growing portfolio and ambitious expansion plans, the organization is building a strong leadership team to ensure risk resilience while supporting business growth. Position Overview: We are hiring a Director of Risk Management to lead the risk function for the NBFC. This strategic role will be responsible for the end-to-end risk framework, covering credit risk, operational risk, liquidity risk, compliance risk, and portfolio monitoring. The individual will work closely with the CEO, CFO, and regulatory bodies to ensure adherence to RBI guidelines, internal controls, and risk-adjusted growth strategies. Key Responsibilities: 1. Risk Strategy & Governance Design and implement a comprehensive enterprise risk management (ERM) framework for the NBFC. Develop risk appetite statements, risk policies, and procedures in alignment with RBI and Board expectations. Ensure periodic review and reporting of risk exposures to senior management and the Board Risk Committee. 2. Credit Risk Management Define and oversee credit risk policies for retail education loan products, including borrower evaluation, scoring models, and credit decisioning rules. Monitor credit underwriting performance and ensure adherence to approval authority matrices and internal guidelines. Collaborate with business and product teams to balance growth with prudent lending. 3. Portfolio & Collections Risk Continuously track and assess portfolio health metrics including delinquency (DPD), NPA levels, and roll rates. Implement early warning systems and predictive risk analytics to identify high-risk accounts and segments. Work with collections and legal teams to design and refine collection strategies and recovery frameworks. 4. Regulatory Compliance & Operational Risk Ensure compliance with all RBI and NBFC-specific regulatory requirements (e.g., Fair Practices Code, KYC/AML, moratoriums, provisioning norms). Oversee risk controls around operational processes including disbursal, documentation, and loan servicing. Conduct regular risk assessments and audits to identify process gaps, fraud risks, and internal control failures. 5. Liquidity & Funding Risk Work with the finance and treasury teams to manage ALM (Asset Liability Management), liquidity buffers, and exposure to interest rate risks. Participate in ICAAP, stress testing, and regulatory submissions as required. 6. Team Leadership & Stakeholder Engagement Lead and build the risk and credit teams across credit underwriting, portfolio monitoring, and compliance. Interface with external regulators, auditors, credit rating agencies, and lenders on all risk-related matters. Key Requirements: 12+ years of relevant experience in risk management within NBFCs, retail lending, fintech lending, or consumer finance institutions. Strong understanding of RBI regulations applicable to NBFCs and experience in credit policy, collections risk, and compliance. Proven track record in portfolio analytics, fraud prevention, and risk process automation. Experience in education loan or unsecured loan products is a strong advantage. Show more Show less