<p align="center" style="text-align:center"><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="font-size:10.0pt"><span style="line-height:125%"><span style="color:black"><w:sdt id="1371734542" sdttag="goog_rdk_0"></w:sdt><w:sdt id="412520146" sdttag="goog_rdk_1"></w:sdt><w:sdt id="1715231963" sdttag="goog_rdk_2"></w:sdt></span></span></span><b><u><span lang="EN-US" style="font-size:10.0pt"><span style="line-height:125%"><span style="color:#222222">Job Description</span></span></span></u></b></span></span></span></span></p> <p style="text-align:justify">&nbsp;</p> <p style="text-align:justify"><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Role Title: Head of Risk</span></span></span></span></span></p> <p style="text-align:justify"><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Department / Function: Risk</span></span></span></span></span></p> <p style="text-align:justify"><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Team / Sub-department: Risk Management</span></span></span></span></span></p> <p style="text-align:justify"><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Reporting to: Co-founder</span></span></span></span></span></p> <p style="text-align:justify"><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Job Location: Bangalore</span></span></span></span></span></p> <p style="text-align:justify"><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Employment Type: On-roll</span></span></span></span></span></p> <p style="text-align:justify">&nbsp;</p> <p style="text-align:justify">&nbsp;</p> <p><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><b><span lang="EN-US" style="color:black">Role Overview</span></b><br /> <span lang="EN-US" style="color:black">At Vidyut, we are building the future of EV financing in India. The Head of Risk will play a mission-critical role in designing and implementing scalable risk frameworks that power responsible growth. This role will be responsible for defining underwriting, monitoring portfolio health, and building data-backed policies for emerging EV asset classes, and innovative financing solutions like Battery-as-a-Service. The ideal candidate brings strong experience in risk strategy across vehicle finance, SME lending, or fintech.</span></span></span></span></span></p> <ol> <li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Department Objective:</span></span></span></span></span>

<ol style="list-style-type:lower-alpha">
	<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">To ensure sustainable growth of our lending business by managing portfolio risk, designing effective underwriting frameworks, and creating early warning mechanisms.</span></span></span></span></span></li>
</ol>
</li>
<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Area of Responsibility:</span></span></span></span></span>
<ol style="list-style-type:lower-alpha">
	<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">New customer underwriting (especially thin-file and new-to-credit borrowers)</span></span></span></span></span></li>
	<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Policy design for EV and used EV financing&nbsp; </span></span></span></span></span></li>
	<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Portfolio performance tracking (DPD, vintage, PD, LGD, Loss curves)&nbsp; </span></span></span></span></span></li>
	<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Risk model validation and refinement&nbsp; </span></span></span></span></span></li>
	<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Partner / lender policy alignment&nbsp; </span></span></span></span></span></li>
</ol>
</li>
<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Key Results / Outputs and Impact on Organizational Goal:</span></span></span></span></span>
<ol style="list-style-type:lower-alpha">
	<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Maintain net credit losses within target loss rate&nbsp; </span></span></span></span></span></li>
	<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Reduce manual intervention in credit decisions by automating significant portions of the policy&nbsp; </span></span></span></span></span></li>
	<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Achieve portfolio-level early delinquency trigger resolution&nbsp; </span></span></span></span></span></li>
	<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Publish monthly risk dashboards for internal and external stakeholders&nbsp; </span></span></span></span></span></li>
</ol>
</li>
<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Duties of the Role:&nbsp; </span></span></span></span></span>
<ol style="list-style-type:lower-alpha">
	<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Things Candidate is Expected to Do by Themselves:&nbsp; </span></span></span></span></span>
	<ol style="list-style-type:lower-roman">
		<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Design, test, and implement underwriting scorecards (e.g., bureau, alternate data, application score)&nbsp; </span></span></span></span></span></li>
		<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Define risk appetite and exposure norms per customer segment&nbsp; </span></span></span></span></span></li>
		<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Engage with lender partners to align policies and ensure portfolio buy-in</span></span></span></span></span></li>
		<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Build credit monitoring systems and portfolio health dashboards</span></span></span></span></span></li>
		<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Train internal teams on credit policies and risk indicators </span></span></span></span></span></li>
	</ol>
	</li>
	<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Things They Will Get Guidance / Support On:</span></span></span></span></span>
	<ol style="list-style-type:lower-roman">
		<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Engineering and data infra for tool development</span></span></span></span></span></li>
		<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Legal frameworks and collections enforcement</span></span></span></span></span></li>
		<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Coordination with product for LOS/LMS integration</span></span></span></span></span></li>
		<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Lender engagement strategy from senior leadership</span></span></span></span></span></li>
	</ol>
	</li>
</ol>
</li>

</ol> <p>&nbsp;</p> <p><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><b><span lang="EN-US" style="color:#222222">Required Skills &amp; Competencies</span></b></span></span></span></span></p> <p><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><i><span lang="EN-US" style="color:#222222">(Key competencies and skills required for success in this role)</span></i></span></span></span></span></p> <p>&nbsp;</p> <ul> <li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><b><span lang="EN-US" style="color:black">Technical Skills:</span></b></span></span></span></span>

<ul style="list-style-type:circle">
	<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Deep understanding of credit scorecards, PD/LGD/EAD models, and risk segmentation</span></span></span></span></span></li>
	<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Proficiency in Excel, risk modeling tools (R, Python, or similar), and dashboards (e.g., Power BI, Metabase)</span></span></span></span></span></li>
	<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Familiarity with credit bureau data, alternate data sources, and LOS integration</span></span></span></span></span></li>
</ul>
</li>
<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><b><span lang="EN-US" style="color:black">Communication Skills:</span></b></span></span></span></span>
<ul style="list-style-type:circle">
	<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Prepare monthly credit committee decks and present to internal and external stakeholders</span></span></span></span></span></li>
	<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Write and maintain credit policy documents</span></span></span></span></span></li>
	<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Communicate risk insights clearly across cross-functional teams including sales, product, and finance</span></span></span></span></span></li>
</ul>
</li>
<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><b><span lang="EN-US" style="color:black">Customer Backward thinking:</span></b></span></span></span></span>
<ul style="list-style-type:circle">
	<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Understand nuances of EV borrowers, especially thin-file and new-to-credit</span></span></span></span></span></li>
	<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Design risk policies that balance customer inclusion and loss control</span></span></span></span></span></li>
</ul>
</li>
<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><b><span lang="EN-US" style="color:black">Problem Solving:</span></b></span></span></span></span>
<ul style="list-style-type:circle">
	<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Ability to think creatively to underwrite unconventional assets or data-scarce customers</span></span></span></span></span></li>
	<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Diagnose root causes for delinquencies and improve risk filters accordingly</span></span></span></span></span></li>
</ul>
</li>
<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><b><span lang="EN-US" style="color:black">Ability to get things done:</span></b> </span></span></span></span>
<ul style="list-style-type:circle">
	<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Execute fast with minimal supervision</span></span></span></span></span></li>
	<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Balance short-term loan book growth with long-term portfolio health</span></span></span></span></span></li>
	<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Work collaboratively across sales, product, and operations to implement risk solutions</span></span></span></span></span></li>
</ul>
</li>
<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><b><span lang="EN-US" style="color:black">Strategic Thinking and Prioritization:</span></b></span></span></span></span>
<ul style="list-style-type:circle">
	<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Define 12-24 month risk evolution roadmap</span></span></span></span></span></li>
	<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Align credit strategy with business expansion (e.g., new geographies, resale, battery leasing)</span></span></span></span></span></li>
	<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Make data-backed calls on product-market-credit fit</span></span></span></span></span></li>
</ul>
</li>
<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><b><span lang="EN-US" style="color:black">Leadership:</span></b></span></span></span></span>
<ul style="list-style-type:circle">
	<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Build the risk function and set the vision for the team</span></span></span></span></span></li>
	<li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Drive top to bottom alignment in the org on the risk strategy</span></span></span></span></span></li>
</ul>
</li>

</ul> <p>&nbsp;</p> <p>&nbsp;</p> <p><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><b><span lang="EN-US" style="color:black">Relevant Experiences </span></b></span></span></span></span></p> <p><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><i><span lang="EN-US" style="color:black">(Qualifications and experience required)</span></i></span></span></span></span></p> <ul> <li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">8-10 Years of Experience in risk function</span></span></span></span></span></li> <li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Preferred experience in EV financing, used vehicle finance, or digital lending; exposure to thin-file/NTC underwriting is a plus</span></span></span></span></span></li> <li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Bachelor&rsquo;s in Engineering, Economics, Finance, or related field; MBA not mandatory; Advanced analytics courses or job experience is preferred.</span></span></span></span></span></li> </ul> <p>&nbsp;</p> <p><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><b><span lang="EN-US" style="color:black">Interview Process:</span></b></span></span></span></span></p> <p style="margin-top:16px; margin-bottom:16px"><span style="font-size:10.5pt"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif">If shortlisted, candidates can expect the following rounds of interviews, that is a part of a structured interview process designed to assess skills, competencies, experience, and alignment with our values and culture. The process includes the following stages:</span></span></span></p> <ol> <li style="margin-top:16px; margin-bottom:16px"><span style="font-size:10.5pt"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><b>Initial Screening</b>: A brief introductory call with our recruiting team to discuss your background, the role, and your interest in joining our team.</span></span></span></li> <li style="margin-top:16px; margin-bottom:16px"><span style="font-size:10.5pt"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><b>Hiring Manager Intro call</b>: A meeting with the hiring manager to dive deeper into the role, expectations, and your qualifications.</span></span></span></li> </ol> <p style="margin-top:16px; margin-bottom:16px"><span style="font-size:10.5pt"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif">If Hiring manager is ok to proceed with the candidate, then the following rounds:</span></span></span></p> <ol start="3"> <li style="margin-top:16px; margin-bottom:16px"><span style="font-size:10.5pt"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><b>Round 1</b>: Interview with second co-founder.</span></span></span></li> <li style="margin-top:16px; margin-bottom:16px"><span style="font-size:10.5pt"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><b>Round 2: </b>Interview with Credit Head</span></span></span></li> <li style="margin-top:16px; margin-bottom:16px"><span style="font-size:10.5pt"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><b>Round 3 Team Fit and Culture Interview</b>: HR round - an opportunity to learn more about the work environment and discuss alignment with our core values and culture.</span></span></span></li> </ol> <p><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><b><span lang="EN-US" style="color:black">Debrief meeting:</span></b></span></span></span></span></p> <ul> <li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Post an interview round panelists to submit written feedback on ATS portal in detail along with hiring decision (Hire/No Hire). </span></span></span></span></span></li> <li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">After all rounds and all feedback received in writing, there will be a debrief meeting with all panelists + hiring manager. </span></span></span></span></span></li> <li><span style="font-size:10.5pt"><span style="background:white"><span style="line-height:125%"><span style="font-family:Calibri,sans-serif"><span lang="EN-US" style="color:black">Final decision to be taken by hiring manager with a veto with the bar raiser on the candidate which bar raiser can exercise at their discretion.&nbsp; </span></span></span></span></span></li> </ul>