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

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Location: Regional Office Chennai

Job: Programme Hire

Schedule: Regular

Employee Status: Full time