Job Overview
Job Description: The Credit Head – Affordable Home Loans / Affordable Housing leads the overall credit risk strategy, underwriting standards, policy formulation, and portfolio quality for the affordable housing segment. The role demands driving scalable, compliant, and profitable credit operations for the Bank, balancing aggressive business growth with a strict asset quality, low delinquencies, and robust regulatory compliance.
Key Responsibilities
• Policy Formulation & Risk Governance • Design, update, and manage credit underwriting policies tailored for Affordable Home Loans and related products (like LAP or MSME housing loans). • Ensure full alignment with regulatory frameworks mandated by the Reserve Bank of India (RBI) and the National Housing Bank (NHB). • Establish and govern the Delegation of Authority (DOA) matrix for regional, state, and branch credit teams. • Portfolio Health & Delinquency Management • Track national-level portfolio metrics including Portfolio at Risk (PAR), Non-Performing Assets (NPAs), and net credit losses. • Conduct root-cause analysis on early warning signals (EWS), default hotspots, and delinquent customer trends. • Collaborate closely with the Collections team to feed delinquency insights back into early sourcing and policy tweaks. • Underwriting & Process Optimization • Review and approve high-value or exception credit proposals falling outside regional discretionary limits. • Optimize Turnaround Time (TAT) for loan approvals without compromising risk thresholds. • Oversee surrogate income assessment, undocumented/informal income evaluation, property valuation, and legal scrutiny processes typical of the affordable segment. • Digital & Systems Integration • Drive adoption and automation of Loan Origination Systems (LOS), Loan Management Systems (LMS), and digital underwriting platforms. • Implement credit MIS dashboards, scoring models, and risk analytics. • Leadership & Stakeholder Management • Manage, mentor, and build succession plans for regional credit heads, national underwriting teams, and technical/legal evaluation leads. • Partner cross-functionally with Sales, Operations, Technical, and Legal verticals.
Ideal Candidate: Looking for candidates with core experience in Affordable Home Loans. Deep expertise in setting up the Credit Policies and in building the entire lending framework for the Bank or an NBFC is preferred.