Director, Credit Risk

SMB Shared Services, Inc.; Newark (DE); Hybrid; USD 100,000 - 130,000; Full time

Benefits offered by this job

Competitive base salaries and bonus incentives

Generous PTO and holidays

401(k) with employer match

Comprehensive medical and dental insurance

Flexible hybrid working arrangements

Job summary

SMB Shared Services, Inc. is looking for a Credit Risk Manager in Newark, Delaware. This role involves overseeing credit risk management strategies, establishing effective risk frameworks, and analyzing credit exposures across various segments.

The ideal candidate should have strong credit risk knowledge and experience leading a team in the financial services industry. The position offers competitive salaries, generous PTO, and flexible working arrangements.

Qualifications

• Strong knowledge of credit risk principles and methodologies.
• Demonstrated experience in developing credit risk frameworks.
• Ability to analyze complex credit portfolios.

Responsibilities

• Oversee credit risk management strategies.
• Establish credit risk frameworks and methodologies.
• Monitor credit portfolios for emerging risks.

Skills

Credit risk principles

Analytical skills

Financial analysis

Team management

Strategic thinking

Education

Bachelor’s degree in finance, economics, business administration or a related field

Job description

When you join Sallie Mae, you become a champion for all students. We’re on a mission to power confidence as students begin their unique journey and to help them plan their higher education, successfully finish, and prepare for life after school. Our values emphasize impact, collaboration and continuous learning.

Responsibilities

• Oversee and manage credit risk management strategies to ensure credit risks are properly assessed, monitored and mitigated.
• Establish and maintain an effective credit risk framework, including assessment methodologies, risk appetite, limits and mitigation strategies.
• Evaluate and analyze credit risk exposure across various business lines, products and customer segments.
• Conduct comprehensive credit risk assessments and provide recommendations to senior management and the Board of Directors.
• Monitor and review credit portfolios to identify emerging risks, trends and potential areas of concern.
• Collaborate with internal stakeholders (originations, sales, finance teams) to integrate credit risk considerations into business decisions and processes.
• Develop and implement credit risk monitoring tools and systems to enhance risk identification, measurement and reporting.
• Foster relationships with external stakeholders – credit rating agencies, auditors and regulators – to ensure effective communication and collaboration on credit risk matters.

Minimum Qualifications

• Strong knowledge of credit risk principles, methodologies and regulatory requirements.
• Demonstrated experience developing and implementing credit risk management frameworks, policies and procedures.
• Proven ability to analyze complex credit portfolios and assess credit risk exposure.
• Excellent understanding of financial statements, financial analysis and risk assessment techniques.
• Experience managing and leading a team of credit risk professionals.
• Exceptional analytical and problem‑solving skills with the ability to think strategically and make informed decisions.

Preferred Qualifications

• Bachelor’s degree in finance, economics, business administration or a related field.
• 7+ years of experience in credit risk management within the financial services industry, focusing on corporate or commercial lending.

Benefits

• Competitive base salaries and bonus incentives.
• Generous PTO, floating holidays and 12 federal holidays.
• Support for financial wellbeing and retirement – 401(k) with employer match.
• Comprehensive medical, dental, vision, hospital indemnity, critical illness and pet insurance.
• Employer paid short‑term and long‑term disability and basic life insurance.
• Flexible hybrid working arrangements.
• Paid parental leave and adoption reimbursement programs.
• On‑site staffed fitness centers (in Delaware) and gym subsidy outside Delaware.
• Confidential counseling support (EAP), health advocacy services and wellness programs with financial incentives.
• Tuition reimbursement and family scholarship programs.
• Career development and training opportunities.

Americans with Disabilities Act

Reasonable accommodations are available for applicants with disabilities in all phases of the application and employment process.

Equal Opportunity Statement

Sallie Mae is proud to be an equal opportunity (EEO) employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender identity, sexual orientation, national origin, age, genetic information, disability, veteran status or any other characteristic protected by federal, state or local law.