IIFL Home Finance Ltd, an affordable housing finance company, has appointed Sharad Kumar as its Chief Risk Officer (CRO), strengthening its risk management and governance functions.
Kumar brings more than 22 years of experience across risk management, banking, financial services, strategic planning and economic research. In his new role, he will focus on strengthening the company’s risk management framework, governance standards and institutional capabilities.
Experience across leading financial institutions
Kumar joins IIFL Home Finance from Bajaj Finance, where he served as Senior Head – Risk. Earlier, he held leadership positions at State Bank of India, Corporation Bank and Bank of Maharashtra.
He holds an M.Phil. and a master’s degree in economics, along with CAIIB and a Certificate in Management of Banking and Finance from NIBM, Pune. He has also contributed to publications on banking, financial markets and the economy.
Reports to Board risk committee
“Strong risk governance and effective oversight are critical for sustainable growth in housing finance. Sharad’s extensive experience in risk management, banking and regulatory frameworks will further strengthen our risk management capabilities and governance framework,” IIFL Home Finance, Managing Director and CEO, Girish Kousgi, said.
Kumar will report to the Risk Management Committee of the Board, with administrative reporting to the Managing Director and CEO. As part of the transition, the current CRO will move into another senior leadership role.