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Job DescriptionJob DescriptionDescription :
First Electronic Bank partners with modern fintech and other financial services companies (Strategic Partners) to enable the development of credit programs and the origination of financial receivables. The Credit Administration group at FEB is responsible for managing the Strategic Partner’s credit program and underwriting standards. This position will manage credit risk oversight for Strategic Partners, with a primary focus on reviewing and validating new credit strategies or proposed changes to existing underwriting standards to ensure alignment with FEB’s Credit Policy. The Credit Risk Manager will partner with the Strategic Partner Management group at FEB to manage the review, effective challenge and approval of credit strategy changes through the Bank's program change request process. The Credit Risk Manager will regularly interact with multiple internal departments including Strategic Partner Management (SPM), Compliance (CO / CM), Legal, Model Risk Management (MRM) to ensure effective oversight of the Strategic Partner credit program, and changes being proposed prior to approval, within each program.
Key Duties and Responsibilities :
- Oversee the Strategic Partner Credit Change Request process and associated record tracking
- Participate in due diligence initiative for new products launched in partnership with Strategic Partners, with a particular emphasis on enabling the development of credit programs and the origination of financial receivables
- Develop independent analysis to validate partner program policy changes, and create summary reports over broader period of time for reporting to the Credit and Risk Committee
- Monitor for policy gaps and collaborate with Strategic Partner teams to improve policy adherence
- Work with the Strategic Partner and the MRM team at FEB to ensure reporting is provided by SP that is used for reporting to the Credit and Risk Committee
- Work with your manager to develop (or enhance) and manage credit risk governance processes to support Strategic Partner oversight and internal credit activities
- Participate in, and provide information in support of, Internal or External audits and exams at the Bank
- Participate in Credit Committee
Requirements :
A bachelor’s degree in finance, accounting, risk management or related fieldMinimum of 2 years of experience in the lending or financial services industry, banking experience in the credit administration functionStrong analytics capabilities and credit underwriting analysis experienceAbility to understand, and clearly communicate, complex credit strategies to credit and non-credit counterpartsPrevious exposure to credit origination strategiesAbility to work effectively on cross-functional and collaborative projectsAbility to work independently, handle multiple tasks, and prioritize accordingly.Experience with Power Bi, SQL or Python but not required.Experience with credit standards or rules for lending activity in consumer or small to medium business lendingAbility to stay on task and meet time critical deadlines and develop material needed to present to internal or external constituentsEffectively communicate with other credit risk professionals, and colleagues in compliance and legal teamsHigh attention to detail and organization leading to documenting work in a clear manner that is easy to audit or reproduceProactive and self-motivated, with the ability to seek clarification when needed and independently research solutions to ensure accurate and effective outcomesIf you are interested in applying for this job please press the Apply Button and follow the application process. Energy Jobline wishes you the very best of luck in your next career move.