The Credit Risk Manager is responsible for credit risk evaluation for all consumer portfolios.
Duties of the position will include:
Manages, develops and directs the credit administration functions, including analysis, scenario modeling and risk assessment. Responsible for developing analytics to assist in the identification and evaluation of all credit risks related to direct lending, indirect lending, credit card, and mortgage. Primary tasks include providing sound risk guidance, interpretation and forecasting based on quantitative fact and experience.
Formulates, revises and implements credit policy, procedures and practices. Ensures that proposed loans adhere to existing policy guidelines, documentation is sufficient to ensure security of the collateral and the administration and review is adequate to maintain the loan portfolios quality and profitability.
Support initial User Acceptance Testing of the Automated Underwriting system (AUS) and provide ongoing User Acceptance Testing support as new products are programmed into the AUS.
Maintains a current knowledge of changing legislation and regulatory climate and recommends changes to the credit policies and procedures. Partner with Product Manager to assist and support the development of new products and product enhancements.
Directs the loan review activities designed to evaluate credit risk and maintain the integrity of the portfolio. Provides technical guidance to staff in the interpretation of data. May review loans where difficult questions of policy or credit risk may be involved.
Develops strategies to identify potential problem loans and provides guidance to staff in restructuring the loan and/or minimizing losses.
Suggested training and experience:
Bachelors Degree in Business Administration, Management, Finance or Accounting.
Graduate level education preferred.
Five to ten years of credit experience in a lending or financial institution with strong emphasis in consumer lending and consumer real estate.
Thorough knowledge of credit analysis, lending, and loan and appraisal review. Ability to gather, analyze and compile financial data required to provide management reporting related to credit risk. Hands on experience with automated loan decision engines.
Strong analytical and problem-solving skills.
Strong organizational, collaborative and consultative skills.
Effective interpersonal and communication skills.