Risk Rating Manager

Location: On site in location listed in job postingSUMMARYThe Risk Rating Manager reports to the Commercial Credit Policy & Governance Manager and is responsible for the management and maintenance of First Horizon’s Commercial Risk Rating framework. It includes ownership of the bank’s scorecard models, development and maintenance of risk grading guidance, working with line of business and Credit partners on design and revision to models, and being the point of contact for all inquiries related to Commercial risk ratings.The Risk Rating Manager will build and maintain relationships with partners and stakeholders across the bank, including Lines of Business, Credit, Risk, Technology, Treasury, Finance, and Audit. This role requires high interpersonal skills and the ability to communicate clearly and succinctly with executives, senior management, peers, analysts, regulators, and auditors.The Risk Rating Manager is expected to work independently with minimal direction from management, lead projects, and manage cross-functional project teams. A broad understanding of Commercial Credit and the use of risk ratings throughout all the activities of a bank is a must. ESSENTIAL DUTIES AND RESPONSIBILITIESThis position is primarily expected to own the bank’s Commercial Credit Risk Rating framework, including its scorecard models. This responsibility includes several facets, including, but not limited to the following.Oversee the lifecycle of commercial rating models from design and development to system implementation and governanceManage risk grading guidance in conjunction with policy, system constraints, and scorecard design.Fulfill current and evolving governance requirements with respect to risk ratings, including reporting on operational and statistical performanceProvide input into credit policy as it relates to risk ratings and gradingManage controls associated with risk grading and communicate with appropriate groups on issues and resolutionCommunicate with several constituents across the bank in each line of defense as well as auditors and regulators about risk rating policy and practiceManage the inventory of scorecard models, including in-use, in-development, and in-pipeline scorecardsMonitor and manage scorecard usage, including periodic revisions to existing scorecards, adapting to new products or structures, etc.Monitor scorecard performance from an accuracy and operational perspective. Track and report on scorecard usage, override rates, system integrity, past due scorecards, etc.Be the primary point of contact for oversight groups—regulators, Credit, Credit Assurance, Model Risk Management, and auditorsEffectively challenge first line requests for changes to scorecard models, guidance, or policyLead initiatives for development of or revisions to scorecard modelsWork with LOB and Credit to define requirements and potential attributes for considerationLead the project team for new scorecard development or major recalibrationsWork with Credit Modeling Team on development, monitoring, testing, and implementationWork with Enterprise Technology on system implementationDesign and lead user acceptance testing to ensure a correct implementationGuide changes through governance and business unit acceptanceADDITIONAL RESPONSIBILITIESRespond to frequent enquiries from constituents—LOB, Credit, Credit Assurance, Internal Audit, etc.—on interpretation of scorecard guidance, rating particular deals, and other questions regarding scorecardsCollaborate with Credit Policy and Credit Risk on revisions, updates, or modifications to policies that affect risk gradingCollaborate with downstream users of ratings, such as in pricing, CECL, CCAR, and portfolio managementAdvise the executive management on strategic initiatives, emerging risks or opportunities, and industry best practices in the space of Commercial risk ratingsSUPERVISORY RESPONSIBILITIESAt this time, there are no supervisory responsibilitiesQUALIFICATIONSTo perform this job successfully, an individual must be able to perform each essential duty satisfactorily.Minimum Experience:10 years of Commercial/Wholesale Credit rating experience, including Commercial and Industrial lending, Commercial Real Estate, Small Business, and specialty lines of businessDemonstrable experience working with credit rating models and understanding their use, performance metrics, technology requirements, and governanceStrong analytical and critical thinking skills with high attention to detail and accuracyExcellent verbal, written, and interpersonal communication skillsPreferred Experience:15 or more years of Commercial/Wholesale credit rating experience with at least 5 years of owning or leading a risk rating practiceCOMPUTER AND OFFICE EQUIPMENT SKILLSProficiency with Microsoft OfficeFamiliarity with common 3rd party rating platforms such as Moody’s CreditLens, Commercial front office systems such as nCino, and core systems such as ACBSCERTIFICATES, LICENSES, REGISTRATIONS (Ex: CPA, Series 6 or 7 license, etc)None requiredAbout UsFirst Horizon Corporation is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at Benefit Highlights• Medical with wellness incentives, dental, and vision• HSA with company match• Maternity and parental leave• Tuition reimbursement• Mentor program• 401(k) with 6% match• More -- FirstHorizon.com/First-Horizon-National-Corporation/Careers/Our-Benefits Follow UsFacebookX formerly TwitterLinkedIn Instagram YouTube Job SummaryRequisition Number: RISKR017540Job Category: Risk ManagementSchedule: Full-Time