Associate, Technical Manager, Risk Management Group

Job description

Job description/Requirements • Documentation - Standardize the technical valuation reports to incorporate details such as Market value, Document value, Force sale / distress value, interiors valuation, Type of construction, Concerns on marketability and potential risks if any on property – demolition / proximity to railways or water source etc • Hind sight function – Technical valuation report verification on sample basis, on below parameters- Whether reports are in DBS format • Variation in reports for same area and same property across multiple vendors • Types of risk identification • Comments updation by technical vendor • Instances of report revision and reasons for the same • Turn around time tracking from date of technical report initiation and final technical report receipt • Property dedupe mechanism • Vendor management- Assess and appoint new technical vendors as per bank policy • Renew existing technical vendors basis internal review on performance • Track blacklisted technical firms to ensure that the partners / individuals are not engaged with DBS without explicit approval from DBS. • Maintain MIS for total of empanelled vendors and track dormant vendors, if any; further steps like de-empanelling to be done in suitable cases of dormant vendors. • Track changes in vendor firm composition and initiate necessary actions. • Feedback to vendors regarding end to end TAT management from technical verification initiation to final signed legal report submission. • Invoice processing of technical vendors within agreed time lines. • Work with DBS tech team for enhancing collateral management system for getting valuation details correctly updated • Advisory function- Business and credit team on technical verification process initiation both for fresh cases and top up cases. • Business teams on case specific issues basis remarks from external valuation vendors • Credit team on deviations in technical reports • Policy team on timely updation of Collateral policy • Track market updates using RESIDEX and other details. • Collections- Assist collections team in doing re-valuation of property for cases which became NPA • Coordinate with locations for repossessed property bidding and reserve price fixation • Fraud prevention- Enhance process to identify potential fraud cases at technical verification stage Advise business and collections teams on next steps in case of identification of fraud -en Location: Regional Office Chennai Job: Programme Hire Schedule: Regular Employee Status: Full time