VP - Portfolio Credit Risk (Mortgage)

VP – Portfolio Credit Risk (Mortgage) | Leading Private Sector Bank Location: Mumbai Function: Credit Risk Management – Mortgage/Home Loans Portfolio About the Role Our client, a leading private sector bank in India, is looking for a Vice President – Portfolio Credit Risk (Mortgage) to own credit risk monitoring, portfolio quality, and early warning management for their mortgage/home loan book. This is a critical role for a professional who can combine deep credit risk expertise with hands-on portfolio analytics in the mortgage servicing lifecycle. Key Responsibilities Own end-to-end portfolio credit risk management for the mortgage/home loans book, including origination quality feedback, vintage analysis, and delinquency trends Design and monitor Early Warning Signals (EWS) and portfolio triggers across the mortgage servicing lifecycle Track portfolio performance against risk appetite; recommend policy/product interventions based on risk-return trade-offs Partner with Collections, Underwriting, and Product teams to calibrate credit filters, LTV/FOIR norms, and risk-based pricing Conduct stress testing, scenario analysis, and portfolio stratification (geography, ticket size, LTV, occupation, builder/project category, etc.) Prepare and present portfolio risk MIS/dashboards to senior management, Risk Committee, and Board as required Ensure compliance with RBI guidelines on mortgage lending, provisioning norms (ECL/IRAC), and internal risk policies Lead root-cause analysis on slippages and work with cross-functional teams on corrective action plans Support model validation/monitoring for scorecards, PD/LGD models specific to the mortgage portfolio Mentor and manage a team of credit risk analysts Desired Candidate Profile 12–16 years of experience in Credit Risk / Portfolio Risk Management, with significant exposure to mortgage/home loans or secured retail lending Strong understanding of mortgage servicing operations, collections dynamics, and secured lending credit cycles Hands-on experience with portfolio analytics, EWS frameworks, and risk MIS Working knowledge of RBI regulatory guidelines on housing finance/mortgage lending and provisioning norms Prior experience in a bank, HFC, or large NBFC mortgage business preferred Strong stakeholder management skills to work with Business, Collections, Product, and Compliance teams MBA/PGDM or equivalent from a reputed institute; professional certifications in risk management (FRM/PRM) will be an advantage