Credit specialist Jobs in Richardson, TX

Sr. Credit Risk Governance Analyst

The Sr. Credit Risk Governance Analyst is responsible for supporting and strengthening the organization's credit risk governance framework through independent oversight of credit decisioning, credit policy management and testing, credit risk process governance, retrospective credit reviews, and second-line model risk challenge activities. This role partners with Credit Risk, Enterprise Risk Management, Compliance, Legal, Analytics, Operations, Technology, and vendor partners to assess whether credit strategies, policies, models, procedures, controls, and approval authorities are operating as intended and aligned with risk appetite, regulatory expectations, and internal governance standards. The position develops governance reporting, identifies control gaps and emerging risk trends, supports issue escalation and remediation, maintains process documentation and SOP governance routines, and helps mature the credit risk control environment through durable, auditable, and consistently applied governance practices.

Principal Duties and Responsibilities

• Provide second-line oversight of the end-to-end credit decisioning process to assess alignment with approved credit policy, risk appetite, delegated authorities, governance standards, and applicable regulatory expectations.
• Execute credit policy testing and control reviews to validate consistent policy application, identify breaches, exceptions, control gaps, and emerging risk trends, and recommend remediation actions.
• Maintain and support the credit policy framework, including policy inventory, approval workflows, exception monitoring, periodic review routines, version control, and documentation of policy changes.
• Provide independent challenge to credit risk models, strategies, scorecards, decision rules, assumptions, performance monitoring, and model governance documentation in coordination with Model Risk Management and Analytics.
• Support model risk oversight by reviewing model performance results, validation findings, monitoring thresholds, implementation controls, issue remediation, and adherence to model risk management standards.
• Perform retrospective credit risk reviews to evaluate decision quality, policy adherence, adverse trends, override activity, exception activity, customer outcomes, and root causes of credit performance or control issues.
• Develop and maintain credit risk standard operating procedures, process maps, control inventories, governance documentation, job aids, and review routines to support consistent execution and audit readiness.
• Development and maintenance of credit risk and collections process documentation, including process maps, policies, SOPs, RACI matrices, FMEAs, and other governance and operational documentation as needed.
• Support credit risk SOP governance by coordinating periodic reviews, identifying missing or outdated procedures, promoting consistent documentation standards, and tracking remediation of procedure gaps.
• Analyze governance results, credit decisioning trends, policy exceptions, model monitoring outputs, control gaps, and issue data to identify risks, root causes, and opportunities to strengthen the credit risk control environment.
• Prepare governance reporting, dashboards, committee materials, risk summaries, and executive-level updates that communicate credit risk themes, testing results, model oversight observations, and remediation progress.
• Escalate material credit governance concerns, policy breaches, model risk observations, control weaknesses, or recurring process issues to appropriate governance forums and leadership stakeholders.
• Support audits, examinations, compliance reviews, model risk reviews, issue management activities, and governance inquiries by providing documentation, analysis, control evidence, and process explanations.
• Monitor regulatory, business, product, and credit strategy changes to assess impacts to credit policies, decisioning controls, model governance, procedures, reporting, and oversight routines.
• Perform additional credit governance, enterprise risk management, and special project duties as assigned.

Experience and Education

• Bachelor's degree in business, finance, economics, risk management, data analytics, or a related field required; Master's degree or risk-related certification preferred.
• 5+ years of experience in financial services, credit risk, enterprise risk management, model risk management, compliance, audit, governance, analytics, or related risk oversight functions.
• Experience with credit policy management, credit decisioning, credit risk controls, model governance, policy testing, process management, issue management, or second-line oversight is preferred.

Required Skills, Abilities, Soft Skill Factors

• Strong understanding of credit risk management, credit decisioning strategies, credit policy governance, risk appetite, controls, and financial services regulatory expectations.
• Knowledge of model risk management concepts, including model validation, performance monitoring, assumptions, thresholds, implementation controls, and independent challenge practices.
• Ability to execute policy testing, control reviews, retrospective reviews, root cause analysis, and governance assessments with accuracy, consistency, and appropriate documentation.
• Strong quantitative, analytical, problem-solving, and critical thinking skills with the ability to identify trends, synthesize data, and translate findings into clear governance recommendations.
• Strong process mapping, procedure development, control documentation, and issue tracking skills, with an emphasis on durable, auditable governance routines.
• Effective written and verbal communication skills, including the ability to prepare executive-ready summaries, committee materials, risk reporting, testing results, and remediation updates.
• Ability to work independently as a senior individual contributor, manage multiple priorities, meet deadlines, and influence cross-functional partners without direct authority.
• High attention to detail, sound judgment, professional skepticism, and ability to challenge assumptions while maintaining productive stakeholder relationships.
• Proficiency with Microsoft Office applications and familiarity with reporting, analytics, workflow, model monitoring, or governance tools is preferred.

Elevate is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.