CREDIT RISK MANAGER develops and implements policies and procedures that reduce credit risk for a financial institution. Manages the building of financial models that predict credit risk exposure to the organization. Being a CREDIT RISK MANAGER oversees the preparation of performance reports for management. May require a master's degree. Additionally, CREDIT RISK MANAGER typically reports to a head of a unit/department. The CREDIT RISK MANAGER manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Extensive knowledge of department processes. To be a CREDIT RISK MANAGER typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required. (Copyright 2024 Salary.com)
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GENERAL FUNCTION:
Manage credit risk for Mortgage, Direct, Indirect, Credit Card or Small Business. Play a leadership role as a business liaison and team-member with Line of Business decision makers. Lead analytical group in quantitative model development involving risk, profitability, loss forecasts, loan origination strategies, pricing, and all related documentation across Consumer Lending. Provide leadership in the development of scorecards and loan loss forecasts. Provide sound risk guidance based on quantitative fact and experience.
Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
SUPERVISORY RESPONSIBILITIES:
Responsible for managing a professional staff of exempt Credit Risk Analysts through employee development, challenging opportunities, employee engagement, and talent development. Perform general staff management duties relating to performance evaluations, promotions, salary recommendations, and terminations.
MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:
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