Risk Manager - Consumer Durable
IDFC FIRST Bank · Mumbai
- Experience4–5 yrs
- SalaryNot disclosed
- Work modeonsite
- Posted30 Sept 2026
About IDFC FIRST Bank
IDFC FIRST Bank is hiring in Mumbai in financial services. This role looks for around 4+ years of experience.
Skills
- consumer durable products
- credit risk frameworks
- portfolio analytics
- early warning systems
- digital tools
- automation
- retail lending risk management
- risk-based pricing
- fraud controls
The role
A risk manager at a retail banking company manages consumer credit risk through credit risk frameworks and portfolio analytics, and strengthens early warning systems, fraud controls, and risk-based pricing. The role also applies digital tools and automation to improve lending risk processes.
Full job description
Job Requirements
About the Role
The Risk Manager – Consumer Durable is responsible for managing and mitigating risks across the Consumer Durable loan portfolio within the Retail Banking business. Based in Mumbai, the role involves conducting asset quality reviews, shaping risk appetite, implementing technological interventions, and collaborating with internal teams to ensure portfolio health and compliance with regulatory standards. The incumbent will play a key role in driving operational efficiency and supporting business growth through data-driven risk strategies.
Key Responsibilities
Primary Responsibilities
Conduct regular asset quality reviews and provide analytical insights to identify risks and opportunities.Ensure timely updates to program risk acceptance criteria in response to changes in legal, regulatory, business, or market conditions.Build strong controls to mitigate risks across onboarding, credit, operations, fraud, and reputation.Forecast portfolio direction and loss estimates and implement strategies to manage and control risk.Monitor portfolio delinquencies at a granular level, identifying high-risk segments, locations, and customer profiles.Align product risk appetite with growth objectives and the Bank’s Risk Appetite Framework, including risk-based pricing.Facilitate the implementation of technological interventions such as scorecards, digital journeys, and automation to streamline processes.Recommend improvements to processes and policies to enhance operational efficiency and customer service quality.Collaborate with internal stakeholders to leverage synergies across departments.
Secondary Responsibilities
Recommend improvements to risk-related processes and policies to enhance operational efficiency and risk coverage.Collaborate with internal stakeholders to ensure cohesive execution of risk strategies.Contribute to the development of a risk-aware culture across the organization.
What We Are Looking For
Education
Graduation: Full time graduate in any discipline from a recognised institution.Post-graduation: MBA from a recognised institution.
Experience
Minimum of 4 years of experience in retail lending risk management, preferably in consumer durable financing within BFSI industry.
Skills and Attributes
Strong understanding of consumer durable products and credit risk frameworks.Proficiency in portfolio analytics and early warning systems.Experience in implementing digital tools and automation for risk processes.Excellent communication and stakeholder management skills.High attention to detail and process orientation.