Job Description

 

Role Title: Head of Risk

Department / Function: Risk

Team / Sub-department: Risk Management

Reporting to: Co-founder

Job Location: Bangalore

Employment Type: On-roll

 

 

Role Overview
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.

1. Department Objective:
   1. To ensure sustainable growth of our lending business by managing portfolio risk, designing effective underwriting frameworks, and creating early warning mechanisms.
2. Area of Responsibility:
   1. New customer underwriting (especially thin-file and new-to-credit borrowers)
   2. Policy design for EV and used EV financing 
   3. Portfolio performance tracking (DPD, vintage, PD, LGD, Loss curves) 
   4. Risk model validation and refinement 
   5. Partner / lender policy alignment 
3. Key Results / Outputs and Impact on Organizational Goal:
   1. Maintain net credit losses within target loss rate 
   2. Reduce manual intervention in credit decisions by automating significant portions of the policy 
   3. Achieve portfolio-level early delinquency trigger resolution 
   4. Publish monthly risk dashboards for internal and external stakeholders 
4. Duties of the Role: 
   1. Things Candidate is Expected to Do by Themselves: 
      1. Design, test, and implement underwriting scorecards (e.g., bureau, alternate data, application score) 
      2. Define risk appetite and exposure norms per customer segment 
      3. Engage with lender partners to align policies and ensure portfolio buy-in
      4. Build credit monitoring systems and portfolio health dashboards
      5. Train internal teams on credit policies and risk indicators
   2. Things They Will Get Guidance / Support On:
      1. Engineering and data infra for tool development
      2. Legal frameworks and collections enforcement
      3. Coordination with product for LOS/LMS integration
      4. Lender engagement strategy from senior leadership

 

Required Skills & Competencies

(Key competencies and skills required for success in this role)

 

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

 

 

Relevant Experiences

(Qualifications and experience required)

• 8-10 Years of Experience in risk function
• Preferred experience in EV financing, used vehicle finance, or digital lending; exposure to thin-file/NTC underwriting is a plus
• Bachelor’s in Engineering, Economics, Finance, or related field; MBA not mandatory; Advanced analytics courses or job experience is preferred.

 

Interview Process:

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:

1. Initial Screening: A brief introductory call with our recruiting team to discuss your background, the role, and your interest in joining our team.
2. Hiring Manager Intro call: A meeting with the hiring manager to dive deeper into the role, expectations, and your qualifications.

If Hiring manager is ok to proceed with the candidate, then the following rounds:

3. Round 1: Interview with second co-founder.
4. Round 2: Interview with Credit Head
5. Round 3 Team Fit and Culture Interview: HR round - an opportunity to learn more about the work environment and discuss alignment with our core values and culture.

Debrief meeting:

• Post an interview round panelists to submit written feedback on ATS portal in detail along with hiring decision (Hire/No Hire).
• After all rounds and all feedback received in writing, there will be a debrief meeting with all panelists + hiring manager.
• 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.