Consumer Credit Risk Manager

Fifth Third Bank; United States; On-site; USD 120,000 - 180,000; Full time

Job summary

Fifth Third Bank in the United States is seeking a seasoned Consumer Credit Risk Manager to oversee risk for residential, direct, indirect, credit card, and small business lending.

You will lead quantitative analysis, build scorecards, validate models, and work with senior leadership to guide policy and strategy while ensuring customer-focused risk management.

Location Cincinnati, OH; strong collaboration with Sales, Product Development, and Investor Relations.

Qualifications

• Master’s degree in Business, Finance, or Economics.
• 6–8 years of Consumer Lending experience.
• Strong analytical, verbal, and written communication skills.
• Expert knowledge of credit modeling.

Responsibilities

• Access and query databases to build data sets.
• Analyze concentrations, delinquency, and loss trends.
• Prepare recommendations and strategy results for management.
• Develop risk-based pricing and loan loss models with SAS, Python, R.
• Validate risk models and document assumptions.
• Support automation and improvements in risk processes.

Skills

Leadership

Analytical skills

Communication

Stakeholder management

Project management

Education

Master’s degree or equivalent

Tools

SAS

R

Python

Job description

Make banking a Fifth Third better® We connect great people to great opportunities. Discover a career in banking at Fifth Third Bank.

GENERAL FUNCTION:

Manage credit risk for Residential Lending, Direct, Indirect, Credit Card or Small Business. Play a leadership role as a business liaison and team-member with Line of Business decision makers. Provide leadership in the development of scorecards and loan loss forecasts. Provide sound risk guidance based on quantitative fact and experience. The Consumer Credit Risk Manager will play a crucial role in review and assessment of first line strategies as the second line of defense. Responsible and accountable for risk management 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:

• Ability to access and query a multitude of databases and create and maintain data sets as appropriate.
• Analyze concentrations, product mix, delinquency and loss trending, product optimization, line utilization, originations, whole loan sale performance, etc.
• Consult and challenge strategies for return on risk and improved predictability.
• Prepare and deliver presentations related to recommendations and strategy results to business partners and management.
• Design, develop and interpret complex business and statistical analyses to support management decision-making as it applies to portfolio risk management and evaluation of marketing programs.
• Optimize risk/reward trade-off to support new risk initiatives and portfolio risk analytics involving relationships among key business drivers.
• Assist in the development of risk-based pricing models and loan loss models involving statistical techniques utilizing SAS, Python, R.
• Demonstrate expertise in consumer credit risk and play a crucial role in review and assessment of first line strategies as the second line of defense.
• Identify and implement opportunities for greater efficiencies, risk controls, and profitability for the respective portfolios.
• Provide Risk guidance & support for Credit Policy.
• Support credit risk assessment related to any future mergers and acquisitions.
• Build strong relationships with Sales Management, Product Development, and Investor Relations with the support of quantitative facts.
• Collaborate with business line leaders to plan and develop credit initiatives.
• Coordinate with quantitative analysts to ensure the development of risk-based pricing models and loan loss models involving statistical techniques.
• Develop, validate, and implement various models used for loss forecasting, portfolio stress testing, account management analysis and other targeted analysis.
• Perform ad-hoc analysis of consumer portfolios as directed.
• Report and analyze characteristics of the Consumer Credit lines of business in relation to policies, guidelines and processes.
• Establish close working relationships with the Credit functions of the various Consumer Lending groups, while maintaining independence/objectivity.
• Monitor and evaluate problem loan statistics.
• Ensure that appropriate reporting of activity is occurring consistent with Bancorp policy as well as pertinent accounting/regulatory guidance.
• Validation, stress testing and documentation of risk models and assumptions.
• Support automation of business processes and identification of second order and layered risk within the business.
• Identify and communicate potential policy and or operational improvements that will enhance credit quality.
• Evaluate new consumer risk related data sources and risk analytical tools and develops innovative risk management capabilities and processes.
• Support the overall Bancorp risk management goals within the Consumer Lending Line of Business.
• Support ad-hoc Line of Business requests for quantitative modeling of potential new business.
• Extensive understanding of credit bureau reporting, issues and complaint management, audit and compliance processes.

SUPERVISORY RESPONSIBILITIES:

• May supervise others.
• 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:

• Master’s degree in relevant field (Business, Finance, Statistics, Economics, etc.).
• An equivalent combination of education/experience will be considered in lieu of a master’s degree.
• Minimum 6-8 years of Consumer Lending experience.
• Excellent analytical, verbal, and written communication skills.
• Detail oriented with strong oral and written communication skills.
• Strong interpersonal skills.
• Ability to build business cases that influence stakeholders to change outcomes.
• Ability to manage backlog and prioritize backlog of tasks, delegating but driving toward successful completion.
• Strong leadership presence.
• Ability to manage strategic relationships and provide sound risk management guidance to internal and external business partners.
• Demonstrated ability to lead analytic projects and drive to completion, including gathering requirements and presenting findings to senior leadership.
• Minimum 6-8 years’ experience in reporting systems, database management and analytics.
• Understanding of credit modeling.
• Expert knowledge of relevant financial institution rules and regulations.
• MS Office proficiency.
• Expertise in one or more statistical software such as SAS, R, Python.

WORKING CONDITIONS:

Potential considerations include: Normal office environment with little exposure to dust, noise, temperature, and the like. Extended time at desk and/or viewing computer screen.

Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day. The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance. Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.

LOCATION -- Cincinnati, Ohio 45242

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.

Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation’s highest performing regional bank, but to be the bank people most value and trust.