Credit Risk Analyst

divh2Credit Risk Analyst/h2pChicago, Illinois, United States/ph3About the Job Credit Risk Analyst/h3pRole: Consumer Credit Risk Analyst/ppThis position within Corporate Risk Management is responsible for the oversight of consumer credit policy through effective planning and execution of ongoing and periodic Consumer Credit Reviews across the life cycle of consumer lending products. Primarily, the incumbent is responsible for providing an independent view on asset quality and the key consumer credit risks of the firms consumer lending practices./ppThe resource will have a strong knowledge of credit risk management processes, credit strategy development process and regulatory expectations towards safety and soundness. This individual will have skills and experience to lead Consumer Credit Reviews, provide oversight on review activities and deliver the review results including identification of issues and overseeing the reporting of the review results to relevant stakeholders and credit governance committees./ppResponsibilities will also include evaluating and monitoring consumer credit risk appetite, tolerance, and thresholds. Also defines the process for monitoring the performance of the consumer credit portfolio and performs reviews of credit risk strategies, while evaluating trade-offs among key business metrics, such as credit losses, receivables, and profit. This will necessitate identifying, designing, and implementing complex business analyses in support of Consumer Credit Reviews and business strategy./ppstrongResponsibilities/strong/pulliDevelops Consumer Credit Review plan using a risk-based approach and executes the Consumer Credit Reviews across all consumer lending products covering credit cards, personal loans, and home equity loans), including performing a risk assessment on the overall portfolio. Collaborates with credit strategy teams to mitigate any identified credit risk concerns. Reports finding through the appropriate, established governance processes./liliInteracts with business partners, senior management, governance committees, and regulators to present (both orally and written) Consumer Credit Review assessment results and analytic findings in a clear, complete, and concise manner./liliDevelops, manages, and maintains reporting and oversight of consumer credit risk appetite, tolerance, and thresholds. This includes the awareness of consumer credit strategies and the implications of changes in strategy to the profitability of the enterprise./liliDevelops and maintains credit-risk oversight processes, policies, and procedures in accordance with the overall Corporate Risk Management framework and system./liliImplements and maintains independent credit risk portfolio reporting across all consumer lending products./li/ulpstrongMinimum Qualifications/strong/pulliMasters Degree in Statistics, Economics, Engineering, Finance, or related quantitative field/lili8+ years of experience in Statistics, Economics, Engineering, related quantitative field, equivalent internship, or research experience./liliIn lieu of a degree, 15+ years of experience in credit card, or related financial services industry/li/ulpstrongPreferred Qualifications/strong/pulliPh.D. in Statistics, Economics, Engineering, Finance, or related quantitative field./lili10+ years of experience in Statistics, Economics, Engineering, related quantitative field, equivalent internship, or research experience./lili10 + years of experience in credit review, credit risk management, or internal audit credit risk coverage function at a large financial institution./liliKnowledge and use of statistical packages such as SQL, SAS, Python, or other tools to mine, extract complex consumer and transaction level data on big data and/or cloud computing platforms./li/ul/div