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Credit Risk Portfolio Manager

Company: Bank of America
Location: Newark
Posted on: February 10, 2020

Job Description:

Credit Risk Portfolio ManagerNewark, Delaware;Dallas, Texas; Charlotte, North CarolinaJob Description:Responsible for evaluation and credit performance of new account credit strategies for US Card that maximizes profits and minimizes credit losses and other risk exposures. Provides and directs complex analysis on product strategies to establish risk threshold and ensure company goals are met. Analyzes performance trends to identify issues, opportunities and recommend credit actions. Provides governance and control for existing and new credit risk strategies. Communicates with, influences, and presents to peers and senior management the FLU, Internal Audit, external Regulators, and Enterprise Risk partners. Industry risk management and strong SAS or SQL skill set required.Primary responsibilities include:

  • Main responsibility will be to conduct analysis on the US Cardnew account credit strategies andto identify new or emerging credit risks
  • In addition associate may also be involved in:
  • Reviewing and approving strategies to ensure company goals are met
  • Reviewing and analyzing recent vintage asset quality and emerging trends and risks
  • Oversight of pilot programs, champion/challenger strategies and tests
  • Reviewing strategy changes and providing management recommendations around credit risk and reward
  • Establishing program performance guardrails and evaluating performanceRequired Skills:
    • BS/BA
    • 5+ years supporting Consumer and/or Small Business Products with a significant level of experience in unsecured lending or comparable experience in Credit Risk, Model Development, Model Risk Management, Compliance, Credit Review, or similar functions
    • Intellectually Curious with 10+ years of experience in financial services
    • Analytical: ability to pull own data and interpret results with strong SAS/SQL skills
    • Able to communicate and influence Senior Executives
    • Able to provide a strong point of view
    • Prior experience working in Credit Card related roles
    • Proficiency in using MS Word, EXCEL and PowerPointDesired Skills:
      • Knowledge of Credit Risk Management Processes, Risk Appetite Setting, Strategy Change review and approval, Loss Forecasting
      • Tableau / R / Python knowledge
      • Advanced degree in business, economics, finance, quantitative, and/or professional certifications*This is an individual contributor positionManages teams that are responsible for performing data management, complex analysis and modeling that maximizes profits and asset growth and minimizes credit and operating losses and other risk exposures. Their team would provide data / IM, analytical support on various product strategies to ensure company goals are met. Coordinates the production of databases, performance reports for senior mgt. Manages the review and analysis of trends in current population distributions and recommends strategies. Directs the development of more complex databases, program models to extract data and use databases to provide statistical and financial modeling. Oversees the data design, analysis of portfolio trends, concerning credit score cutoffs, loss trends, portfolio dynamics, and bureau scoring criteria. Integrates the analysis team with other corporate units to insure alignment of analysis with business strategies and objectives. Responsible for hiring and training Risk Analysis Specialist and Risk Analysis Analyst. Master's degree or large data experience preferred; Programming experience like SQL, SAS preferred; 7+ years experience.Shift:1st shift (United States of America)Hours Per Week:40Full timeJR-19065242Manages People: NoTravel: NoTalent Acquisition Contact:Referral Bonus:Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.To view the "EEO is the Law" poster, CLICK HERE at https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf .To view the "EEO is the Law" Supplement, CLICK HERE at https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCPEEOSupplementFinalJRFQA508c.pdf .Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (Policy) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.To view Bank of Americas Drug-free workplace and alcohol policy, CLICK HERE .

Keywords: Bank of America, Newark , Credit Risk Portfolio Manager, Executive , Newark, Delaware

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