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Senior Credit Risk Manager

3 weeks ago


Karachi, Sindh, Pakistan beBeeCreditRisk Full time

The Risk Management Department is responsible for identifying and assessing the potential risks associated with mortgage lending activities. They work to ensure the lender's financial stability by mitigating potential losses through effective risk management strategies.

Key Responsibilities of the Risk Management Team
  1. Creditworthiness Assessment: Evaluating the borrower's ability to repay the mortgage loan, considering factors like income, debt-to-income ratio, credit history, and property value.
  2. Portfolio Monitoring: Tracking the performance of the mortgage portfolio, identifying potential problem loans, and monitoring risk indicators like delinquency rates and default rates.
  3. Risk Management Strategies: Developing and implementing strategies to mitigate credit risk, such as setting lending standards, using credit scoring models, and establishing early warning systems for potential defaults.
  4. Compliance and Reporting: Ensuring compliance with regulatory requirements and reporting credit risk information to stakeholders.
  5. Underwriting and Loan Origination: Participating in the loan origination process, including underwriting decisions and loan approvals.
  6. Foreclosure and Workout Management: Managing the foreclosure process and developing workout plans for delinquent loans.
  7. Risk Modeling and Analysis: Using advanced risk modeling techniques to assess and quantify credit risk, including portfolio stress testing.
  8. Collaboration: Working with other departments, such as loan origination, collections, and legal, to ensure effective credit risk management.
Required Skills and Qualifications
  • Strong analytical and quantitative skills: To assess and analyze credit risk data.
  • Knowledge of credit scoring and risk models: To accurately assess borrower risk.
  • Understanding of mortgage lending regulations and compliance requirements: To ensure compliance with industry standards.
  • Proficiency in financial modeling and risk analysis software: To effectively manage and monitor credit risk.
  • Good communication and interpersonal skills: To collaborate with other departments and stakeholders.

Experience: At least 5 years of experience in consumer / SME financing. Understanding or experience in mortgage credit risk will be considered a plus.