Hemant Saklecha, a highly accomplished risk management professional, has assumed the role of Chief Risk Officer (CRO) at FlexiLoans. As the CRO, Hemant will spearhead the Risk, Policy, and Credit, driving the company’s initiatives to strengthen its risk management frameworks. His vast background in financial risk, credit risk, operational and fraud risk management will be instrumental in shaping FlexiLoans’ risk strategy as the company continues to expand its reach in the financial services industry. Hemant’s appointment highlights FlexiLoans’ commitment to maintaining a strong, secure, and risk-conscious approach in a rapidly evolving lending market.
Before joining FlexiLoans, Hemant had a successful tenure at Hero FinCorp, where he served as the Head of Retail Policy, Risk, and Fraud Control. During his time at Hero FinCorp, Hemant was responsible for overseeing critical aspects of retail risk management, including policy, fraud prevention and investigations, and the implementation of effective risk control measures. His leadership contributed significantly to the company’s ability to grow fast with a balanced, risk-conscious approach and ensure compliance with regulatory standards.
Hemant also played a key role at IDFC FIRST Bank, where he was responsible for retail banking risk management in various roles as Head of Retail Banking Risk, Head of Retail Underwriting, and Head of Policy. His leadership in overseeing the bank’s risk functions helped ensure that the bank’s retail offerings were aligned with best practices in risk mitigation and compliance. He was a core team member to launch IDFC Bank at the inception and has contributed immensely to setting up a risk culture and infrastructure in the organization, which safeguarded the bank’s interests while promoting responsible lending.
Hemant has also led the project of successfully launching Retail Asset in India during his stint at DBS Bank, as Head of Retail Policy and Credit.
Hemant started his career with the most prominent private sector banks, ICICI Bank, followed by HDFC Bank, and has assumed national roles to drive effective risk management practices across roles and portfolios.
His qualifications further enhance his ability to lead FlexiLoans’ risk management strategies. Hemant is a Chartered Accountant and a Certified Fraud Examiner (CFE), with a specialization in Credit Risk, Operational Risk, Financial Forensics, and Fraud Prevention/Investigation. These credentials, combined with his hands-on experience in risk management, make him uniquely suited to navigate the complexities of the financial services sector. Hemant’s expertise in financial forensics is expected to play a crucial role in strengthening FlexiLoans’ Risk Management Framework.
Hemant’s vast knowledge and skills in risk, policy, and fraud control are complemented by his deep understanding of the operational challenges in the financial services industry. At FlexiLoans, he is poised to help refine the company’s risk policies and ensure that its financial products are delivered securely and responsibly to customers. His leadership will be key in ensuring the company’s continued growth and success in a competitive and dynamic marketplace.
As FlexiLoans accelerates its efforts to expand its customer base and increase its market presence, Hemant’s appointment comes at a pivotal time. With the rapidly changing landscape of financial technology and the growing demand for more accessible lending solutions, his expertise will ensure that FlexiLoans remains agile and prepared to manage the risks that accompany such growth. Hemant’s ability to adapt to evolving market conditions while safeguarding the company’s financial integrity will make him a valuable asset to FlexiLoans’ leadership team.
With a career spanning various leadership roles in the financial sector, Hemant Saklecha brings a wealth of experience and strategic insight to FlexiLoans. His leadership in risk management and fraud prevention is expected to help the company build a robust and resilient risk framework, securing its position as a trusted player in the lending industry. Hemant’s strategic direction will undoubtedly contribute to the company’s ability to offer innovative financial solutions while effectively managing the risks inherent in the business.
