Associate, Technical Manager, Risk Management Group
LocationRegional Office Chennai
Typefull-time
Company size10,000+ people
First seen1w ago
Last seen2d ago
Responsibilities
Job description/Requirements
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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
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Hind sight function – Technical valuation report verification on sample basis, on below parameters- Whether reports are in DBS format
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Variation in reports for same area and same property across multiple vendors
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Types of risk identification
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Comments updation by technical vendor
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Instances of report revision and reasons for the same
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Turn around time tracking from date of technical report initiation and final technical report receipt
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Property dedupe mechanism
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Vendor management- Assess and appoint new technical vendors as per bank policy
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Renew existing technical vendors basis internal review on performance
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Track blacklisted technical firms to ensure that the partners / individuals are not engaged with DBS without explicit approval from DBS.
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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.
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Track changes in vendor firm composition and initiate necessary actions.
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Feedback to vendors regarding end to end TAT management from technical verification initiation to final signed legal report submission.
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Invoice processing of technical vendors within agreed time lines.
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Work with DBS tech team for enhancing collateral management system for getting valuation details correctly updated
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Advisory function- Business and credit team on technical verification process initiation both for fresh cases and top up cases.
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Business teams on case specific issues basis remarks from external valuation vendors
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Credit team on deviations in technical reports
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Policy team on timely updation of Collateral policy
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Track market updates using RESIDEX and other details.
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Collections- Assist collections team in doing re-valuation of property for cases which became NPA
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Coordinate with locations for repossessed property bidding and reserve price fixation
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Fraud prevention- Enhance process to identify potential fraud cases at technical verification stageAdvise business and collections teams on next steps in case of identification of fraud-en