HDFC Bank, a leading Indian private sector bank, invites applications for the role of Assistant Manager – Credit Risk (Retail Banking) based in Mumbai, Maharashtra. This position is part of the Risk Management team and offers a unique opportunity to contribute to the risk framework that underpins one of the country’s most dynamic retail lending portfolios. The selected candidate will work closely with underwriting, risk analytics, collections, and portfolio management teams to drive prudent growth while safeguarding the bank’s credit quality and regulatory compliance.
Responsibilities
- Assess credit risk for retail lending portfolios, including customer eligibility, credit scoring, and underwriting decisions in line with internal policies and regulatory norms.
- Develop and maintain risk models for velocity, vintage, and portfolio concentration to identify early warning signals and mitigate losses.
- Monitor portfolio quality, perform regular delinquencies analysis, and coordinate with collections for risk-based interventions.
- Collaborate with product, sales, and operations teams to ensure risk-aware growth and responsible lending practices.
- Prepare risk dashboards and management information for senior leadership and RBI reporting, ensuring accuracy and timeliness.
- Support policy updates, stress testing, and control reviews to sustain compliance with Basel II/III guidelines and other regulatory requirements.
Qualifications
- Experience: 3-5 years in credit risk analysis, preferably within retail lending or consumer finance.
- Education: Bachelor’s degree in Finance, Economics, or a related field; MBA/PGDM in Finance is an advantage.
- Technical skills: Proficiency in SQL and Excel; familiarity with risk modeling tools and data visualization is preferred.
- Soft skills: Strong analytical thinking, attention to detail, communication, and ability to work cross-functionally.
Benefits
- Competitive compensation (around 15 LPA with performance-linked variable pay), medical coverage, and retirement benefits.
- Learning & development programs, mentoring, and opportunities for career progression within the risk domain.
- Employee provident fund, life/medical insurance, paid time off, and a supportive, growth-oriented work culture.
About the location
Mumbai, the financial capital of India, offers a vibrant work environment with proximity to banking headquarters, financial markets, and a broad network of corporate hubs. The role is based in a central Mumbai office, well connected by public transport and located near major business districts.
How to apply
Interested candidates should apply through the HDFC Bank careers portal. Please submit a current CV and a cover letter detailing your relevant experience and how you would contribute to risk management in retail banking. Include any certifications or courses related to credit risk, data analytics, or financial modeling. The application deadline is ten days from the posting date. Shortlisted candidates will be contacted for a screening call, followed by interviews with the risk leadership team.
Tip: Tailor your resume to highlight concrete examples of risk assessment, portfolio monitoring, and regulatory compliance achievements. Demonstrating experience with customer underwriting decisions and risk mitigation strategies will strengthen your application.