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Full-time
bachelor degree, postgraduate degree
Posted 18d ago
Apply by Aug 24
~40 hrs/week
Responsibilities
Manage collateral risk across the mortgage portfolio by monitoring collaterals and assessing technical and legal deviations. Develop and maintain collateral policies, implement rule-based underwriting via BRE, and oversee the Approved Project Finance (APF) process.
Requirements
Requires a degree in Civil Engineering, Architecture, or an MBA in Construction Finance with 10-12 years of experience in collateral risk management within Banks or NBFCs. Must have expertise in builder categorization scorecards, APF processes, and legal evaluations for mortgage portfolios.
Full job description
Job Description – Risk Manager, Mortgages
Job Purpose:
To manage collateral risk across the mortgage portfolio by ensuring continuous monitoring of collaterals onboarded, assess technical & legal deviations taken at approval stage. The role involves creation of collateral policies, establish market specific collateral processes and conduct hindsight of the cases.
Key Responsibilities:
Policy Development: Formulate and maintain collateral policies for diverse mortgage products, including Loan Against Property (LAP), Home Loans (HL), and Affordable HL/LAP.
Policy Review & Enhancement: Conduct periodic reviews of existing policies and recommend revisions based on portfolio performance and emerging trends.
Risk Assessment: Perform daily hindsight analysis at the case level for all approved and/or disbursed cases to ensure compliance and mitigate risk. Initiate market value audit process for disbursed cases and identify gaps, if any.
System Configuration: Ensure accurate configuration of collateral workflows within the system and propose necessary enhancements to optimize processes.
BRE Implementation: Implement collateral-related policy rules in the Business Rules Engine (BRE) to strengthen governance and controllership.
Risk Management Framework: Design and maintain a comprehensive risk management framework encompassing identification, assessment, mitigation, monitoring, and reporting of risks.
APF Management: Oversee Approved Project Finance (APF) policies and processes, and develop builder/project scorecards for effective evaluation.
Regulatory Compliance & Control: Assess products, programs, and policies to ensure alignment with regulatory guidelines, and establish robust risk controls across all functions, including Onboarding, Credit, Operations, Fraud, and Reputation Management.
Job Requirements:
BE (Civil) / B.Arch / MBA (Construction Finance or Project Management)
10-12 years of experience of managing collateral risk and/or collateral assessment in Banks/NBFCs/HFCs
Must have understanding of builder categorization scorecard
Must have experience of handling APF process
Should have experience in handling legal evaluation in mortgage portfolio
Experience in implementing scorecard models in collateral policy and credit decisioning process.
Experience in implementing BRE and rule-based underwriting and enabling automation of credit checks.
Related keywords
Collateral RiskMortgagesLoan Against PropertyHome LoansBREAPFRisk Management FrameworkCredit ChecksNBFCHFCMarket Value AuditBuilder ScorecardsRegulatory ComplianceUnderwritingPortfolio Performance
One of India's leading banks offering a wide range of financial services that encompass every sphere of life.
Industry
Banking
Company size
10,001+ employees
Founded
1985
Headquarters
Mumbai, Maharashtra
LinkedIn followers
1,649,594
About Kotak Mahindra Group:
Established in 1985, the Kotak Mahindra Group is one of India’s leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group’s flagship company, received a banking license from the Reserve Bank of India (RBI). With this, KMFL became the first non-banking finance company in India to become a bank – Kotak Mahindra Bank Limited.
The consolidated balance sheet of Kotak Mahindra Group is over 1 lakh crore and the consolidated net worth of the Group stands at 13,943 crore (approx US$ 2.6 billion) as on September 30, 2012.
The Group offers a wide range of financial services that encompass every sphere of life. From commercial banking, to stock broking, mutual funds, life insurance and investment banking, the Group caters to the diverse financial needs of individuals and the corporate sector. The Group has a wide distribution network through branches and franchisees across India, and international offices in London, New York, California, Dubai, Abu Dhabi, Bahrain, Mauritius and Singapore. For more information, please visit the company’s website at https://www.kotak.bank.in/en/home.html
Note: Our new toll-free number is 18004100.
SEBI registration details - https://www.kotak.bank.in/content/dam/Kotak/others/sebi-registration-details.pdf
Offices: 36-38A, Nariman Bhavan, 227 Nariman Point, Mumbai, Maharashtra 400021, IN · 8th Floor, Portsoken House, 155-157,, London, EC3N 1LS, GB · 50, Main Street,, Ste. 890, White Plains,, NY, NY 10606, US · Representative Office, Al Otaiba Building,, 907, Hamdan Street, Behind KFC,, Abu Dhabi, AE
How many Legal jobs are open in Mumbai, India right now?
There are currently 320 open legal positions in Mumbai, India listed on Clera. New openings are added daily as companies post roles.
Which companies are hiring for Legal roles in Mumbai, India?
Companies currently hiring include EY, Citi, JPMorganChase, Kotak Mahindra Bank, HSBC, among others. Browse the listings above to see every active employer.
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