Analyst, Credit Risk Management

undefined ago • 1-2 Years • Risk Management

Job Summary

Job Description

PhonePe is expanding its risk strategy team and seeks experienced risk professionals to build and manage risk strategies for its lending business. This role involves working in a dynamic, cross-functional environment to support business growth while managing fraud and credit risk. Key responsibilities include building risk models, communicating results, managing portfolio risk, predicting ECL, evaluating alternate data, and collaborating with product teams to develop effective risk management solutions. Candidates need a strong technical background and business acumen.
Must have:
  • Build Risk strategies for Fraud and Credit Risk in Lending business
  • Develop best-in-class risk models
  • Communicate results and recommendations to stakeholders
  • Manage overall portfolio risk and predict ECL
  • Evaluate alternate data sources for risk management
  • Build anomaly detection capabilities with cross-functional teams
  • Collaborate with Product team on risk management products
  • Continuously evaluate and improve solution effectiveness
Good to have:
  • Experience with Statistical modeling (Logistic Regression, Decision Trees, Gradient Boosting)
Perks:
  • Medical Insurance
  • Critical Illness Insurance
  • Accidental Insurance
  • Life Insurance
  • Employee Assistance Program
  • Onsite Medical Center
  • Emergency Support System
  • Maternity Benefit
  • Paternity Benefit Program
  • Adoption Assistance Program
  • Day-care Support Program
  • Relocation benefits
  • Transfer Support Policy
  • Travel Policy
  • Employee PF Contribution
  • Flexible PF Contribution
  • Gratuity
  • NPS
  • Leave Encashment
  • Higher Education Assistance
  • Car Lease
  • Salary Advance Policy

Job Details

About PhonePe Limited: Headquartered in India, its flagship product, the PhonePe digital payments app, was launched in Aug 2016. As of April 2025, PhonePe has over 60 Crore (600 Million) registered users and a digital payments acceptance network spread across over 4 Crore (40+ million) merchants. PhonePe also processes over 33 Crore (330+ Million) transactions daily with an Annualized Total Payment Value (TPV) of over INR 150 lakh crore. PhonePe’s portfolio of businesses includes the distribution of financial products (Insurance, Lending, and Wealth) as well as new consumer tech businesses (Pincode - hyperlocal e-commerce and Indus AppStore Localized App Store for the Android ecosystem) in India, which are aligned with the company’s vision to offer every Indian an equal opportunity to accelerate their progress by unlocking the flow of money and access to services. Culture: At PhonePe, we go the extra mile to make sure you can bring your best self to work, Everyday!. And that starts with creating the right environment for you. We empower people and trust them to do the right thing. Here, you own your work from start to finish, right from day one. PhonePe-rs solve complex problems and execute quickly; often building frameworks from scratch. If you’re excited by the idea of building platforms that touch millions, ideating with some of the best minds in the country and executing on your dreams with purpose and speed, join us! What to expect from this role: We plan to expand our risk strategy team, and we are looking for experienced risk professionals who will work on building risk strategy for our lending business. They will work in a dynamic environment, and with cross-functional teams to help manage risk while continuously supporting the business to grow. They will be expected to work on: * Build Risk strategies to manage Fraud and Credit Risk for Lending business * Build best in class risk models * Be able to clearly communicate results and recommendations to various stakeholders * Manage the overall portfolio risk and predict ECL for the portfolio * Evaluate alternate data sources to solidify the risk management * Work with cross-functional teams to build the anomaly detection capabilities * Collaborate with Product team to build the right product to manage risk * Evaluate the effectiveness of the solutions and improve upon them in a continuous manner * We expect them to have a mix of a strong technical background and to have a keen eye for business implications of their work The ideal candidate for this role should: * BTech/ BE from Tier-I & II colleges * 1-2 years of experience in Risk Analytics preferably with FinTechs * Experience in SQL, Python, MS Excel * Preferably experience with Statistical modeling such as Logistic Regression, Decision Trees, Gradient Boosting models etc. * Be agile and highly collaborative, communicate impressively * Strong analytical acumen and problem solving * Be skilled in building and managing business alliances * Be highly data-driven and adept at balancing needs with business goals * Thrive in a competitive and a result-oriented work environment PhonePe Full Time Employee Benefits (Not applicable for Intern or Contract Roles) * Insurance Benefits - Medical Insurance, Critical Illness Insurance, Accidental Insurance, Life Insurance * Wellness Program - Employee Assistance Program, Onsite Medical Center, Emergency Support System * Parental Support - Maternity Benefit, Paternity Benefit Program, Adoption Assistance Program, Day-care Support Program * Mobility Benefits - Relocation benefits, Transfer Support Policy, Travel Policy * Retirement Benefits - Employee PF Contribution, Flexible PF Contribution, Gratuity, NPS, Leave Encashment * Other Benefits - Higher Education Assistance, Car Lease, Salary Advance Policy Our inclusive culture promotes individual expression, creativity, innovation, and achievement and in turn helps us better understand and serve our customers. We see ourselves as a place for intellectual curiosity, ideas and debates, where diverse perspectives lead to deeper understanding and better quality results. PhonePe is an equal opportunity employer and is committed to treating all its employees and job applicants equally; regardless of gender, sexual preference, religion, race, color or disability. If you have a disability or special need that requires assistance or reasonable accommodation, during the application and hiring process, including support for the interview or onboarding process, please fill out this form. Read more about PhonePe on our blog . Life at PhonePe PhonePe in the news

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About The Company

PhonePe was founded in December 2015 and has emerged as India’s largest payments app, enabling digital inclusion for consumers and merchants alike. With 48 crore (480 Million) registered users, one in four Indians are now on PhonePe. The company has also successfully digitized 3.6 crore (36 Million) offline merchants spread across Tier 2,3,4 and beyond, covering 99% of the postal codes across India. PhonePe is also the leader in Bharat Bill Pay System (BBPS), processing over 45% of the transactions on the BBPS platform. PhonePe forayed into financial services in 2017, providing users with safe and convenient investing options on its platform. Since then, the company has introduced several Mutual Funds and Insurance products that offer every Indian an equal opportunity to unlock the flow of money and access to services. PhonePe was recently recognized as the Most Trusted Brand for Digital Payments as per the Brand Trust Report 2023 by Trust Research Advisory (TRA).



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