Head of Credit Risk Strategy

Fifth Third Bank; Chicago (IL); On-site; USD 152,000 - 327,000; Full time

Job summary

A leading banking institution is seeking a Head of Credit Risk Strategy to lead strategic functions in credit risk. This role requires strong analytical and leadership skills, and experience in financial services is essential. The successful candidate will develop comprehensive credit policies and engage in direct marketing initiatives to enhance customer relationships. The position offers a competitive salary and comprehensive benefits in a collaborative environment.

Benefits

Comprehensive benefits

Incentive compensation plan

Employee recognition programs

Qualifications

• 5+ years leading card credit risk strategy function and teams.
• 10+ years' experience in Financial services with analytical methods.
• Experience in direct marketing to customers across multiple channels.

Responsibilities

• Develop and execute the Credit Risk Strategy to accomplish objectives.
• Lead the function and team and deliver Credit Risk Strategy objectives.
• Plan and coordinate execution of acquisition credit policies.

Skills

Leadership skills

Strong analytical skills

Communication skills

Detail orientation

Education

Bachelor's or Master's degree in quantitative discipline

MBA Preferred

Tools

Microsoft Office

SAS

Python

Job description

Make banking a Fifth Third better
We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.

Overview

Lead the Credit Card Credit Risk Strategy function and team that maximizes risk adjusted returns through the cycle while staying within credit risk appetite through various credit risk strategies and tactics. Develop and execute the high level Credit Risk Strategy that ensures robust risk adjusted returns and differentiates Fifth Third cards, increases share of wallet and drives increased customer value to accomplish business and financial objectives. Actively use analytical methods and modeling, testing and other objective and hypothesis based approach in the Learning Agenda. 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.

DUTIES & RESPONSIBILITIES:

• Develop and execute the Credit Risk Strategy to accomplish objectives.
• Lead the function and team and be accountable for delivering Credit Risk Strategy objectives.
• Plan and coordinate the execution of new and changes to various acquisition credit policies and customer management credit policies like new account approvals, line assignment, line increase/decrease and other risk mitigation policies and collections/recoveries.
• Plan and build credit statistical models for various credit decisions.
• Develop and implement valuation (cash flow) models for key credit decisions.
• Develop, plan and implement the Learning Agenda (tests, analyses) that identifies and delivers opportunities to enhance risk adjusted returns.
• Partner with 2nd line of defense Credit and other functional partners to build and execute on the agenda.
• Monitor, optimize and change ongoing card strategies and tactics to ensure continue delivery of expected profitability and risk objectives.
• Work closely with credit risk and other risk management functions to ensure compliance with Fifth Third policies and laws and regulations.
• Build and develop analytical and strategy management talent for long term sustained competitive advantage in Credit Risk Strategy.
• Support and contribute to corporate initiatives as and when required.

SUPERVISORY RESPONSIBILITIES:

Responsible for providing employees timely, candid and constructive feedback; developing employees to their full potential and providing challenging opportunities that enhance employee career growth; developing the appropriate talent pool to ensure adequate bench strength and succession planning; recognizing and rewarding employees for accomplishments.

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

• Bachelor\'s degree or Master\'s degree in quantitative discipline (e.g. science, technology, engineering, math, or economics) or Business Management with a quantitative minor. MBA Preferred.
• 5+ years leading card credit risk strategy function and teams.
• 10+ years\' experience in Financial services performing or supervising analytically rigorous methods to drive business value.
• Experience in direct marketing to customers or prospects in multiple channels including online banking, mobile, digital, direct mail, branches.
• Excellent verbal, written, and interpersonal communication skills.
• Excellent Leadership skills, driving P&L goals, planning complex initiatives, a detail orientation.
• Strong analytical/quantitative skills and ability to structure complex analyses, mentor analysts, and create an environment and culture that leverages analytics to drive value.
• Ability to collaborate with, present to, and persuade Executive (including C-level) Management and across functions.

Proficiency in Microsoft Office suite of software products (Outlook, Word, Excel, PowerPoint), statistical modeling with SAS or Python and statistical techniques.

Head of Credit Risk Strategy Total Base Pay Range 152,100.00 - 327,000.00 USD Annual

Location

Location: Cincinnati, Ohio 45202

Benefits and Other Information

At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. 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 Careers page or by consulting with your talent acquisition partner.

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.

Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes - no matter how they are submitted - will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.

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