Director

CardWorks, Inc.; Wilmington (DE); Hybrid; USD 150,000 - 210,000; Full time

Benefits offered by this job

Competitive pay with bonus target

Medical, Dental & Vision

401(k) with company match

Disability & Life Insurance

Paid vacation & holidays

Job summary

Merrick Bank, a CardWorks Financial Group subsidiary, seeks a Director to develop and manage credit strategies for near-prime portfolios, leveraging SAS, SQL, Python, and Power BI. You will lead risk management frameworks, optimize portfolio performance, and translate analyses into executive-level recommendations.

Role requires a Bachelor’s in a quantitative field and 6+ years in related roles; a Master’s degree with relevant experience is acceptable.

Qualifications

• Bachelor’s degree in Data Science, Mathematics, Statistics, or Economics (or higher) or equivalent experience.
• Six (6) years in Business Analysis, Risk Management, Statistical Modeling, or related roles.
• Experience in near-prime/non-prime portfolio credit strategies and risk-return optimization.

Responsibilities

• Develop, design, and execute credit strategies for near-prime or non-prime portfolios.
• Use advanced financial modeling (NPV, DCF, ROI) for risk-adjusted decisions.
• Lead risk-management frameworks aligned with regulatory standards.
• Analyze unsecured credit portfolios and lifecycle dynamics.
• Collaborate with Marketing, Finance, Operations, and Tech to implement analytics-driven strategies.
• Translate analysis into strategic recommendations for senior stakeholders.

Skills

Credit strategy design

Risk-return optimization

Financial modeling (NPV/DCF/ROI)

Risk management frameworks

Statistical methods (probability, reg,

Education

Bachelor’s degree in Data Science, Mathematics, Statistics, or Economics

Master’s degree in Data Science, Mathematics, Statistics, or Economics (optional)

Tools

SAS

SQL

Python

Power BI

Job description

Join our team and build your career with momentum as we champion your growth, elevate your ideas and engage you in purpose-driven work that makes a real difference every day.

Who we are

Founded in 1997, Merrick Bank is an FDIC®-insured financial institution headquartered in South Jordan, Utah, with over $10 billion in assets. A wholly owned subsidiary of CardWorks Financial Group, Merrick Bank serves roughly five million cardmembers and more than 100,000 merchant customers nationwide.

What we do

We provide credit cards, recreational loans, deposit accounts, merchant services and bank sponsorships to consumers and businesses. As a leader in non-prime lending and merchant acquiring, we combine innovative technology with data-driven insights to help underserved consumers build and strengthen credit while delivering integrated, scalable payment solutions for businesses. Merrick Bank ranks among the top 20 FDIC®-insured credit card issuers in the U.S. and among the top 15 merchant acquirers by transaction volume.

Employer

Merrick Bank Corporation

Worksite Address

10705 South Jordan Gateway, South Jordan, Utah 84095. Work from home benefit provided. Worksites are unanticipated. Must live within reasonable commuting distance of Wilmington, Delaware.

Job Title

Director

Job Duties

• Develop, design, and execute near-prime or non-prime portfolio credit strategies, including credit line increases, credit authorizations, and exposure reduction to optimize portfolio performance.
• Leverage expertise in risk-return optimization for credit strategies using advanced financial modeling including NPV, DCF, and ROI.
• Design and implement comprehensive risk management frameworks that align with regulatory standards and optimize portfolio performance.
• Analyze and optimize unsecured credit portfolios, with understanding of risk-reward tradeoffs, behavioral segmentation, and lifecycle dynamics unique to credit products.
• Develop credit strategies, using statistical and mathematical concepts including probability, statistical inference, regression, and machine learning.
• Work with large analytical datasets and utilize analytical tools and languages SAS, SQL, Python, and Power BI to perform strategy design, segmentation, optimization, simulation, and reporting.
• Collaborate cross-functionally with Marketing, Finance, Operations, and Technology teams to implement and govern analytics-driven strategies.
• Develop and execute structured test-and-learn frameworks to monitor and refine treatment effectiveness.
• Translate complex analytical findings into strategic recommendations for senior business stakeholders.
• Direct cross-functional testing to evaluate credit treatments across customer segments, driving insights that lead to the development and enhancement of portfolio credit strategies.
• Monitor portfolio trends and performance metrics to adjust credit strategies in response to macroeconomic shifts, competitive dynamics, and internal goals.
• Serve as a key stakeholder in governance forums, contributing to policy reviews, compliance assessments, and strategic planning for credit risk management.
• Maintain audit-ready documentation on strategy assumptions, treatment rationale, test design, and outcomes.
• Supervise analysts, managers, contractors, and third-party resources supporting analytics, campaign selection, and reporting functions.

Employee will be required to work from Merrick Bank’s Wilmington, Delaware office located at 1000 N West St., 11th Floor, Wilmington, Delaware 19801, 1-2 days per week. Work from home benefit provided. Worksites are unanticipated. Must live within reasonable commuting distance of Wilmington, Delaware.

Degree Required

Bachelor’s degree in Data Science, Mathematics, Statistics, or Economics.

Experience Required

Six (6) years of experience as a Business Analyst, Risk Manager, Statistician, Analytical Modeler, or similar occupation.

Employer will accept in lieu of a Bachelor's degree and six (6) years of experience a Master’s degree in Data Science, Mathematics, Statistics, or Economics and four (4) years of experience as a Business Analyst, Risk Manager, Statistician, Analytical Modeler, or similar occupation.

Skill set Requirements (Special Requirements)

• Four (4) years of the experience required above must be in the Credit Card Industry or Consumer Finance Industry.
• Demonstrable knowledge of and prior experience in: Developing, designing, and executing credit strategies in near-prime or non-prime portfolios; Risk-return optimization for credit strategies using advanced financial modeling NPV, DCF, and ROI; Designing and implementing comprehensive risk management frameworks that align with regulatory standards and optimize portfolio performance; Analyzing and optimizing unsecured credit portfolios, with a deep understanding of risk-reward tradeoffs, behavioral segmentation, and lifecycle dynamics unique to credit products; Using statistical and mathematical concepts including probability, statistical inference, regression, and machine learning to develop credit strategies; Working with large analytical datasets and utilizing analytical tools and languages SAS, SQL, Python, and Power BI to perform strategy design, segmentation, optimization, simulation, and reporting; Collaborating cross-functionally with Marketing, Finance, Operations, and Technology teams to implement and govern analytics-driven strategies; Developing and executing structured test-and-learn frameworks to monitor and refine treatment effectiveness; Translating complex analytical findings into strategic recommendations for senior business stakeholders.

Travel

Required to travel to Merrick Bank’s office located at 1000 N West St., 11th Floor, Wilmington, Delaware 19801, 1-2 days per week.

Hours

Full time, 40 hours/week. Monday-Friday, 8:00 a.m. - 5:00 p.m.

Why join us

We believe in putting people first by supporting our customers, employees and our partners while creating opportunities for everyone to reach their potential. From fostering work-life balance to rewarding good work and innovative ideas, we invest in what matters most, our people. At Merrick Bank, you’ll be part of a collaborative, customer-focused team where you can grow your career while making a meaningful impact.

Our Employee Value Proposition

• Competitive Pay, including a Bonus Target or Variable Pay Incentive Program
• Benefits Package -Medical, Dental, and Vision (plus much more)
• 401(k) Plan with Company Match
• Short- & Long-Term Disability
• Wellness Programs
• Group Life and AD&D Insurance
• Paid Vacation, Sick Days and bank Holidays
• Employee Engagement Activities including Employee Appreciation Day, DEI Employee Resource Groups, Corporate Social Responsibility, Service Recognition

Offered rates of pay are determined based on job-related knowledge, relevant experience, skills, certifications, and geographic location.

We are proud to be an equal opportunity employer. All qualified applicants will receive consideration without regard to age, race, color, sex, or gender identity/expression (including pregnancy, childbirth, transgender status, or sexual orientation), religion or creed, ancestry, citizenship, national origin, disability, military or veteran status, marital status, genetic information, or any other characteristic protected by applicable law. We do not tolerate discrimination, harassment, or retaliation. Employment decisions are based solely on qualifications, merit, and business needs. Everyone is welcome here, and we hire based on your ability to do the job, not any protected characteristics.

If you need help or reasonable accommodation during the application or hiring process, please let your TA Partner know.

Our growth is creating great opportunities! Our team is expanding, and we want to hire the most talented people we can. Continued success depends on it! So once you've had a chance to explore our current open positions, apply to the ones you feel suit you best and keep track of both your progress in the selection process, and new postings that might interest you! Thanks for your interest in working on our team!!