VP Risk Management

May 15, 2019


Company

Northwest Federal Credit Union

Industry

Banking

Category

Finance

Location

Herndo


Description


The position is in Credit Risk Management (CRM) and provides credit risk partnership and analysis to our first line of defense, lending, and executive stakeholders, in the second line of defense. You will influence the development of NWFCUs credit risk program and help drive meaningful analysis. You will also align our credit risk function with the broader enterprise risk management program. The successful candidate will ideally have a background in credit analytics and the ability to partner with and influence senior credit leaders in both the first and second lines of defense. You should have a desire to grow your portfolio of credit experiences, strong results focus, and great attention to detail.

Duties & responsibilities:

  • Providing analysis and 2nd line of defense monitoring and oversight of our various lending programs.
  • Develop metrics and analysis based on the performance of our portfolios.
  • Leverage existing data sources and problem-solving to develop solutions to address gaps in credit reporting risk.
  • Identify potential unidentified risks and ensuring policy and infrastructure that supports risk management.
  • Challenge the status quo, while helping the shaping of the strategic intent for products and marketing efforts.
  • Supporting step-change improvements in credit performance by connecting drivers of future consumer credit trends to historical behavior, and testing hypotheses using rigorous analysis and monitoring.
  • Create reports that adhere to principles of data visualization.
  • Working closely with Lending and other cross-functional work teams.
  • Compile and create reports for credit risk management, portfolio-level analytics, and concentration analysis.
  • Conduct ongoing financial analysis of borrowers to capture the trend, credit quality, and red flags.
  • Compile and create reports for credit risk management, portfolio-level analytics, and concentration analysis.
  • Effective and timely communication of credit policy changes to consumer lending and first mortgage partners Maintains management policies (origination's, servicing, and loss mitigation) and relevant regulations to ensure information is accurate and comprehensive.
  • Develops appropriate metrics and reporting to proactively assess credit performance under the direction of the VP of Risk Management Evaluates risk/reward trade-offs and recommends changes to credit policy based on analytics and evolving economic conditions.
  • Monthly monitoring of credit metrics in consumer and first mortgages including portfolio performance, delinquency, decision rates and adherence to policy (exceptions).
  • Assess the overall risk of the portfolio and develop strategies to manage accounts using credit analytics proactively.
  • Work collaboratively with business line leaders (first mortgage, consumer, legal, compliance, corporate risk, and operational risk) on various credit policy and risk issues.
  • Reviews and approves departmental procedures to ensure adherence to policy.
  • Drive changes to credit policy and procedure for any deficiencies noted in quality assurance reviews, examinations, etc.
  • Work with IT and other supporting departments on technology and project implementations and enhancements.
  • Perform other related duties as assigned. Adhere to BSA.

Requirements

  • Bachelor's Degree MBA preferred Tableau preferred or familiar with creating and presenting reports that tell the credit story.
  • Must demonstrate knowledge of basic accounting principles and concepts, credit principles and general credit policies. Some familiarity with financial statements, financial analysis, ratios, trends, borrowing base calculation, etc.
  • Experience in credit risk management, credit policy or underwriting from a financial institution or Big 4 accounting firm.
  • A track record of decision making and problem-solving based on analytics; a strong quantitative orientation matched with conceptual thinking skills.
  • Perform interim monitoring of various Key Risk Indicators, including but not limited to Remaining Months Liquidity, Performance to Plan, Sales Growth, Trend Analysis, etc.
  • Assist Lending in preparing the Risk Rating Determination, followed by tracking of actionable items.
  • Ability to combine business experience and insights with analytical modeling skills to reach results that are both intuitive and technically sound.
  • Strong business judgment, leadership, and integrity: able to bring a healthy, balanced approach to business.
  • Strong communication and strategic influencing skills.
  • A focus on achieving both short and long term goals, with the ability to drive and execute an agenda in an uncertain and fluid environment.
  • Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities. Please view Equal Employment Opportunity Posters provided by OFCCP here .

Fortune 1000 Company?

No

Job Type

Full Time

Career Level

Two plus years of experience

Salary

80-100K

Travel Requirements

0%

Contact Name

Jaon Ahmad

Contact Phone

+1 703-709-8900