IDFC FIRST Bank | Credit Manager-FI Risk

Primary responsibilities

• The role involves managing the bank’s lending process, including evaluating clients’ creditworthiness, approving or rejecting loan requests, and determining loan terms and interest rates.
• The role holder will also be responsible for developing credit scoring models, maintaining credit policy frameworks, and partnering with the credit systems support team to implement key policy criteria in credit evaluation systems.
• Leadership capabilities to attract and retain top talent within the team.
• Conduct regular asset quality reviews and provide analytical insights to identify risks and opportunities, recommending appropriate actions.
• Research and evaluate the creditworthiness of clients.
• Calculate and set interest rates; negotiate loan terms with clients.
• Ensure credit policies and risk acceptance criteria are reviewed and updated regularly to reflect changes in legal/regulatory requirements, business strategies, market conditions, or portfolio performance.
• Develop, review, and update the bank’s credit policies.
• Create and maintain credit scoring models for risk assessment.
• Ensure adherence to the bank’s credit guidelines.
• Maintain records of all bank loans; monitor loan payments and manage bad debts.
• Analyze portfolio performance and ensure effective monitoring, trigger reviews, and delinquency control.
• Collaborate with internal stakeholders to leverage in-house synergies and drive cross-functional initiatives.
• Approve or reject loan requests based on credibility, potential revenue, and risk of losses.
• Follow up with clients to manage debt settlements and loan renewals.
• Share best practices and knowledge within the team to foster continuous improvement.
• Recommend improvements to processes and policies across the Retail Banking business to enhance operational efficiency and customer service quality.

Requirements

• Minimum 10yrs experience in credit risk management, preferably within wholesale or retail banking.
• Strong analytical and decision-making skills.
• In-depth understanding of credit evaluation, scoring models, and lending processes.
• Familiarity with regulatory guidelines and compliance requirements.
• Excellent negotiation and communication skills.
• Ability to manage and monitor loan portfolios effectively.
• Proficiency in credit systems and data analysis tools.

IDFC FIRST Bank Limited

IDFC FIRST Bank took its present form on 18 December 2018, when IDFC Bank and Capital First merged. IDFC Bank had been launched in November 2015 through a demerger from IDFC Limited, the infrastructure finance company set up in 1997, while Capital First brought a retail lending business built around consumers and small entrepreneurs. IDFC Limited, the former holding company, was itself merged into the bank with effect from 1 October 2024, leaving a simpler structure with no holding company and no promoter. Listed on the NSE and BSE, the bank has its corporate office at Bandra-Kurla Complex in Mumbai and its registered office in Chennai, and lends mainly to retail, rural and small-business customers.

Finance-side roles at the bank include credit managers for loans against property, rural branch lending and wholesale banking, trade finance operations staff, reconciliation and operational-risk work in wholesale banking, internal auditors (including gold-loan audit), due-diligence quality control and business finance analysis. Openings are spread over cities such as Mumbai, Navi Mumbai, Thane, New Delhi, Bengaluru, Hyderabad, Ahmedabad, Jaipur and Lucknow. Many postings accept a graduate or postgraduate in any discipline, often a B.Com, BMS or BBI, while several credit and finance roles ask for a CA or an MBA in Finance, or list CA, CFA or ICWA as preferred.

• Industry: Banking: retail, rural and MSME lending, deposits, wealth management, and wholesale and trade banking
• Headquarters: Mumbai, India (corporate office at Bandra-Kurla Complex); registered office in Chennai
• In India: IDFC FIRST Bank Limited, listed on the NSE and BSE, with its corporate office in Mumbai, its registered office in Chennai and branches across India