Credit Risk Analyst
Job Description
Conducts research projects related to portfolio management within bank's consumer credit card portfolio. This includes project design, data collection, analysis, summary of findings, recommendations, and presentation of results to management. Heavy emphasis is placed on analysis, summary, recommendation, and presentation steps. Monitors and evaluates performance of credit support systems utilizing external and internal scoring data, management software packages or programs to aid in portfolio management. Conducts studies of customer groups and product types to determine optimal segmentation and product offerings. May also be involved in the development of models for projections (e.g. delinquency and charge-offs, cost and profitability, credit limit setting, and other aspects of account management). Gathers and analyzes economic data to determine potential impact on business operations. Designs and writes SAS programs (both in mainframe and PC environments) for statistical analysis of portfolio performance. Responsible for implementation of monthly balance transfer campaigns. Supervises, trains, and reviews the work of analysts or special project teams, as necessary. Will manage projects to develop optimal recommendations for: credit policy, profitability/pricing, segmentation, credit limit assignment, and loss forecasting, among others. Responsible for insuring that account management systems are operating efficiently. Codes, tests, and implements new policy changes for account management systems. Performs other projects or special assignments as required.
Requirements:
Bachelor's degree in Mathematics, Statistics, Business Finance, Economics or equivalent required. Master's Degree preferred. Two to four years prior credit risk experience with knowledge and understanding of consumer lending collections and credit risk needed. Must have analytical, computer, and statistical skills as well as the ability to approach problems in a quantitative manner. Solid written and oral skills required. Computer programming must include 1 - 2 years of statistical programs like SAS or SAP or advanced use of data base programs.
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Director - Credit Policy/Risk
Job Description (Summary of Position )
Directs senior management in the development, oversight, performance monitoring and evaluation of all appropriate credit policy, risk and/or marketing strategies related to credit review, marketing, collections and other applicable operational areas. Works extensively with global retail credit risk managers to raise the risk management standards, and facilitates best-practice sharing around the world. Builds common risk management solutions, and establishes knowledge management processes and infrastructure. Facilitates training programs, and monitors complex credit policies, scoring models and enhancements of credit support systems. Develops and recommends applicable policies that meet strategic objectives.
Principal Accountabilities
1. Lead a small team to be a thought-partner with global markets to enhance risk management standards, responsibilities include, but not limited to, the following:
. Direct credit risk management in one or more functions related to the analysis, design, development and implementation of strategic risk models for account solicitations, underwriting, collections, profitability and customer relationship management.
. Direct the development, acquisition and implementation of systems that improve, enhance and monitor new applicant performance and develop account management credit decisions.
. Provide strategic corporate methodologies for account acquisition through various delivery channels and alliance partnerships to include credit standards, modeling, automation and process flow and tracking mechanisms.
. Direct development and execution of strategies to oversee and manage credit line strategies, authorizations, collections and re-pricing for existing customers.
. Promote new product introduction control process, including adequate stress-testing of financial models, monitoring processes, and capacity/infrastructure planning.
. Provide consultation for risk model development, account monitoring techniques, automated underwriting strategies, quantitative financial analysis and/or potential risk management programs for new ventures.
. May manage the administration of vendor relationships, credit bureau relationships and related databases.
. Complete other related duties as assigned and provide management direction to foster effective selection, development and reward of subordinates while contributing to initiatives in support of the Company's Diversity programs.
2. Build common risk management solutions, including generic models, where practical
3. Build and enhance knowledge management infrastructure, including on-line learning, training programs
4. Lead and allocate resources for new business development in a "swat" team concept
Requirements:
. Ten years proven credit policy and/or credit risk management/analytics experience, or equivalent. Strong knowledge and understanding of financial services preferred.
. Minimum of a Bachelor's degree in mathematics, statistics, finance, economics, related field or equivalent experience; Masters degree preferred.
. Well-developed management, interpersonal, organizational, analytical, problem-solving, project management and verbal and written communication skills.
. Ability to manager large, diverse teams across multiple sites
. Proficiency with personal computers as well as pertinent mainframe systems and software packages.
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Group Director - Credit Policy
Job Description
The Risk Management Group Director/VP for Card Services must be a strong, decisive, results-oriented leader who can develop and manage relationships across the company and with a wide variety of partners based on trust, teamwork and knowledge. This Group Director/VP will be responsible for building the strategy and processes that will allow Card Services to minimize the volatility of credit and operational risks while maximizing return on investment.
-Proven track record of leadership and business success, with extensive experience in card services risk management roles. Proven business acumen and general management skills with greater than 10 years work experience.
-Excellent analytical, strategic planning, complex problem resolution and leadership skills. Able to think on feet and make decisions with 85% of the information. Ability to direct and leverage highly skilled analytic and modeling teams.
-Exhibits innate process mindset - able to define, measure, analyze, improve and control the end-to-end risk management processes. Six sigma training and accomplishments are highly valued.
-Ability to build credibility quickly through both relationships and results to influence subordinates peers and executive management. Able to establish and maintain collaborative partnerships across the organization and manage indirect resources effectively.
-Able to lead change and integrate work in a highly matrixed environment, to establish priorities and to achieve results. Translate vision and strategy into clear actionable goals and results.
-Ability to attract top talent into critical roles and ensure there are succession plan in place to facilitate both contingency planning and growth.
-Thrives in a fast-paced, action-oriented environment. Able to operate in an ambiguous environment or an environment where priorities may change quickly. Drives for results. Personal capacity and bandwidth to manage multiple, complex priorities.
-Thorough grounding in credit risk assessment, including card acquisitions and sub-prime lending knowledge. Full understanding of credit lifecycle.
-Candidate needs to have had extensive experience in card originations along with experience in either portfolio management and/or collections. Experience in all three phases of the credit lifecycle highly preferred. Management of retail card programs, installment loan products, and/or other credit products preferred.
-In the area of card originations, the candidate needs to have detailed working knowledge of acquiring accounts across various origination channels including direct mail (prescreen, ITA), take one applications and third party sources. Strong knowledge and understanding of statistical models for prospect segmentation and selection, and financial pro-forma analysis to balance the trade-offs within a risk adjusted returns environment.
-In addition to 'prime' segment, experience with 'sub prime' and/or 'near prime' credit card market, with working knowledge of how the business model operates preferred.
-Significant working experience of the underwriting process including workflow management, management of application processing systems, decisioning software and credit bureau interfaces. Experience in cross-selling additional/secondary credit products preferred.
-Experience with balance building and loss mitigating actions to increase the NPV of the overall portfolio. This includes an in-depth understanding of line management, authorization, risk based pricing and balance
transfers/consolidation programs.
-Development of early and late stage collection strategies. Management of analytical teams that work closely with collections operations to understand collection work flow/capacity planning issues as risk strategies are developed. Understanding of FFIEC guidelines related to re-age policies, etc.
-Leading teams to conduct loss forecasting for the business/business unit, using a variety of forecasting techniques, incorporating trending, cyclical/seasonal factors and environmental/regulatory changes in operating plan. Understanding of financial and regulatory requirements relating to establishment of loan loss provisions.
-Managed the development of credit policy. Working with internal legal and compliance teams to ensure that all policies are clearly documented and meet all regulatory and safety/soundness standards. Working knowledge of requirements/issues related to Basel II is an asset.
-Have communicated with various regulatory bodies such as FDIC, OCC or OTS and external ratings agencies such as Moody's, Fitch and Standard & Poors.
Requirements:
Bachelor's degree in Business, Economics, Statistics, Engineering/Operations Research, or related field; Master's, PhD or MBA preferred and 10+ years demonstrated risk management, credit policy, scoring, collections and/or portfolio management expertise for leading credit card organization.
-Serve as a critical member of the leadership team for the Card Services Risk team. Provide strategic advice and counsel, as a subject matter expert on Risk Management for the business.
-Manage large analytically driven decision making teams, to provide insight to the business to dynamically adjust risk and reward to optimize growth and profitability.
-Champion standards for operational excellence. Develop and implement effective credit, and operational risk management processes for all aspects of the originations, portfolio management and potentially collection operations of the Card Services business.
-Provide forward thinking leadership that will allow the business to identify internal and external risks, stay abreast of environmental regulatory changes and adjust risk and operating plans as needed to mitigate risks.
-Recruit, coach, train, and develop a high performance team. Support a collaborative environment that recognizes individual skill sets, fosters cross-functional initiatives and addresses developmental needs.
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Manager - Credit Policy/Risk
Job Description
The Manager, Credit Policy/Risk is responsible for major Credit Policy projects for global analytic initiatives or a Business Unit functional area and/or product. Responsible for the development, assessment, implementation, and monitoring of fraud and other transaction-based quantitative/scoring systems used to manage the risk of consumer portfolios. Implements and monitors portfolio performance and develops transaction and/or fraud scoring models and enhancements of transaction driven credit support systems. Supervises Credit Risk Analysts on a project basis.
1. Works with senior management in the development of fraud analytic/quantitative systems and other transaction-based models and strategies to be employed in credit risk management.
2. Consults with senior management and Corporate Credit Policy in the area of credit risk model development, fraud, account-monitoring techniques, and strategies relating to the credit monitoring process, quantitative financial analysis and/or potential application of risk management technology.
3. Develops and implements statistical fraud and credit scoring models in support of modeling assignments.
4. Develops and installs new credit monitoring and tracking systems designed to determine the effectiveness of alternate strategies for fraud, account origination, credit limit management, customer relationship management, account profitability, attrition, and collections.
5. Participates in the development of strategic and operating plans to enhance business growth.
6. May supervise, train and review the work of Credit Risk Analysts on project by project basis.
7. May participate in coordinating credit bureau reporting, systemic translation of credit bureau attributes and credit decision processing.
8. Performs other projects or special assignments as required.
Requirements:
Bachelor degree in Mathematics, Statistics, Business, Finance or Economics required. Masters degree in Business, Statistics, Finance, Economics, or Ph.D. in Statistics preferred. Four to six years of prior credit risk experience required with demonstrated ability in fraud and transaction-based quantitative analysis and/or scoring and a good working knowledge of lending, collections and credit risk. Computer programming skills must include 3 years use of statistical programs such as SAS, CART, Knowledge Studio or advanced use of data base programs. Solid written and oral communication skills required.
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Manager - Fraud Risk Policy
Job Description
Responsible for Fraud Strategies and projects for the Credit Card Portfolios. Responsible for a Business Unit functional area. Responsible for the development, implementation, and monitoring of systems to manage the risk of consumer receivable portfolios based on Fraud Risk Policy. Implements and monitors Fraud performance, scoring models and enhancements of Fraud support systems. Manages Credit Risk Analysts on a project and strategy implementation basis.
1. Responsible for the developing and installing new fraud monitoring and tracking systems designed to determine the effectiveness of alternate strategies for account origination, fraud Referral management, customer relationship management, account profitability, attrition, and fraud loss mitigation.
2. Works with senior management in the development and implementation of systems and strategies to be employed in fraud risk management.
3. Consults with senior management and Corporate Credit Policy in the area of credit risk model development, account-monitoring techniques, and strategies relating to the fraud monitoring process, quantitative financial analysis and/or potential application of risk management technology.
4. Confers with in-house systems specialists and financial analysts to improve computer systems as they relate to fraud processes.
5. Supervise, train and review the work of Credit Risk Analysts on project by project basis.
6. May participate in coordinating credit bureau reporting, systemic translation of credit bureau attributes and credit decision processing.
7. Performs other projects or special assignments as required.
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Senior Credit Risk Analyst
Job Description
Conducts major research projects related to customers of bank's consumer business units, including project design, data collection, analysis, summary of findings, recommendations and presentation of results. Monitors and evaluates performance of credit support systems utilizing external scoring, management software packages or programs to aid in managing account acquisitions and portfolio management. Conducts studies of customer groups and product types, and develops computer-based models for projections, e.g. delinquency and charge-off, cost and profitability, new account acquisition, credit limit setting, and account management. Gathers and analyzes economic data to determine impact on business operations as appropriate. Designs and writes mainframe and PC programs for statistical analysis of portfolio performance. Supervises trains and reviews the work of Credit Risk Analysts or special project teams as necessary. Evaluates and implements internal and external credit scoring using both traditional and other advanced technologies. May manage projects to develop recommendations for credit policy, bulk acquisitions, new merchant program structures, profitability/pricing for accounts and portfolios, and provides revenue, cost, delinquency and loss forecast. May be responsible for ensuring that account acquisitions or other account management systems are operating efficiently. Codes, tests and implements new policy changes for account acquisition or account management systems. Performs other projects or special assignments as required.
Requirements:
Bachelor's degree in Mathematics, Statistics, Business Finance, Economics or equivalent required. Master's Degree preferred. Two to four years prior credit risk experience with knowledge and understanding of consumer lending collections and credit risk needed. Must have analytical, computer, and statistical skills as well as the ability to approach problems in a quantitative manner. Solid written and oral skills required. Computer programming must include 1 - 2 years of statistical programs like SAS or SAP or advanced use of data base programs.
