Associate, Technical Manager, Risk Management Group

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