Job Summary:
We are seeking a skilled and proactive Risk Manager to join our auto finance startup. As a Risk
Manager, you will be responsible for identifying, assessing, and mitigating risks associated with
our lending activities. Your role will involve developing and implementing risk management
strategies, monitoring risk exposures, and ensuring compliance with internal policies and
regulatory requirements. You will play a crucial role in safeguarding our business from potential
financial losses and maintaining a healthy loan portfolio.
Responsibilities:
1. Develop and implement risk management strategies, policies, and procedures to identify,
assess, and mitigate risks in our lending activities.
2. Monitor and evaluate credit, market, operational, and regulatory risks associated with the
auto finance business.
3. Conduct risk assessments and analysis to identify potential vulnerabilities and areas for
improvement.
4. Develop risk management frameworks and methodologies to ensure a systematic and
consistent approach to risk identification, measurement, and mitigation.
5. Collaborate with cross-functional teams to ensure risk management practices are integrated
into business processes and decision-making.
6. Stay updated on industry trends, regulatory changes, and best practices in risk management.
7. Monitor and assess credit portfolios, identifying potential credit risks and early signs of
credit deterioration.
8. Analyze loan data and trends to identify patterns and potential risks.
9. Implement risk monitoring tools and systems to track and report on risk exposures.
10. Prepare and present risk reports to senior management and relevant stakeholders.
11. Coordinate with internal and external auditors, regulators, and compliance teams to ensure
adherence to regulatory requirements.
12. Develop and deliver risk management training programs to enhance risk awareness and
knowledge within the organization.
13. Collaborate with the Credit and Underwriting team to establish appropriate lending criteria
and credit risk assessment models.
14. Identify emerging risks and recommend proactive measures to manage and mitigate them.
15. Conduct stress tests and scenario analyses to assess the impact of adverse events on the
loan portfolio.
16. Collaborate with external partners, such as insurance providers and credit rating agencies, to
manage risk exposures.
17. Ensure compliance with relevant laws, regulations, and internal policies in all risk
management activities.
18. Stay informed about industry best practices and emerging trends in risk management.
Requirements:
1. Bachelor's degree in Finance, Risk Management, Business Administration, or a related field
(or equivalent work experience). Master's degree in a relevant field is a plus.
2. Proven experience as a Risk Manager or in a similar risk management role, preferably in the
auto finance industry or financial services sector.
3. Strong understanding of risk management principles, methodologies, and frameworks.
4. Knowledge of credit risk, market risk, operational risk, and regulatory risk.
5. Familiarity with relevant laws, regulations, and compliance standards in the financial
industry.
6. Proficiency in risk assessment tools, methodologies, and data analysis techniques.
7. Excellent analytical and problem-solving skills.
8. Strong attention to detail and accuracy.
9. Excellent written and verbal communication skills.
10. Ability to think strategically and make informed risk management decisions.
11. Strong leadership and team management abilities.
12. Proficiency in using risk management software and MS Office Suite.
13. Familiarity with risk assessment models and tools.