Manager Credit Risk

Alliant Credit Union; Illinois; Hybrid; USD 119,000 - 205,000; Full time

Benefits offered by this job

Annual performance bonus

Work from home up to 3 days a week

Paid parental leave

Employee discount programs

Time off including paid personal and S

11 paid holidays

Education reimbursement

Job summary

Alliant Credit Union in Chicago seeks a senior leader to shape consumer credit risk strategy and drive growth. You will oversee analysts evaluating risk across consumer lending portfolios and develop data-driven strategies to optimize risk-adjusted returns.

The role focuses on underwriting guidelines for cards, auto loans, personal loans, and HELOCs, with cross-functional collaboration to align with risk appetite and business goals.

Qualifications

• Minimum 4-year Bachelor's degree in management, business, statistics or related.
• Minimum 6 years of Credit Risk, Consumer Lending Products or Related.
• Preferred 1 year of People Management.
• In lieu of Education: 8 years of Experience in Credit Risk, Consumer Lending Products or Related including People Management.

Responsibilities

• Develop and refine underwriting guidelines for products including credit cards, auto lending, personal loans, and HELOCs.
• Provide analytical support and risk assessment for the evaluation and launch of new products such as consumer lending.
• Oversee and monitor KPIs such as automated approval rates, delinquency, charge-off rates, and ROA to identify trends and risks.
• Analyze portfolio performance and make data-driven recommendations for portfolio-level changes to optimize risk and return.
• Lead the development and refinement of credit policies, standards, and procedures with clarity and best practices.

Skills

Leadership

Analytical thinking

Cross-functional collaboration

Education

Bachelor's degree in Management, Business, Statistics or Related

Tools

SQL

Excel

Power BI

Job description

In this hybrid role based at our Chicago headquarters, you will lead the charge to shape consumer credit risk strategy and drive sustainable growth. Oversee a team of analysts dedicated to evaluate credit risk across consumer lending portfolios. Define and enhance credit risk oversight processes, monitor portfolio performance, and develop data-driven strategies that optimize risk-adjusted returns. Collaborate cross-functionally to assess new products, refine underwriting approaches, and ensure alignment with the risk appetite and business goals. Lead with a strategic insight, analytical expertise, and innovative thinking to drive impactful solutions in a collaborative environment while contributing ideas and taking initiative to influence outcomes and deliver measurable results.

Essential Responsibilities

• Develop and refine underwriting guidelines for products including credit cards, auto lending, personal loans, and HELOCs, ensure alignment with our growth objectives and risk appetite.
• Provide analytical support and risk assessment for the evaluation and launch of new products such as consumer lending.
• Oversee and monitor key performance indicators (KPIs) such as automated approval rates, delinquency (DQ) and charge-off (CO) rates, and risk-adjusted return on assets (ROA) to identify trends and potential risks.
• Analyze portfolio performance and make data-driven recommendations for portfolio-level changes to optimize risk and return.
• Lead the development and refinement of credit policies, standards, and procedures, ensuring clarity and adherence to best practices.
• Generate reports using tools like SQL, Excel, and Power BI to provide actionable insights. Review existing reports and collaborate with partner teams to define new reporting requirements.
• Partner with the business unit such as consumer lending, as well as second-line credit risk, audit, and regulatory teams.
• Plan, oversee and lead the work of the team to meet functional and individual operational objectives and goals. Coach, mentor, and develop staff, including overseeing new employee onboarding and providing career development planning and opportunities. Responsible for hire, fire, performance, discipline and problem-resolution decisions.

Education & Years Of Experience

• Minimum - 4 Year Bachelors Degree in Management, Business, Statistics or Related
• Minimum - 6 Years of Credit Risk, Consumer Lending Products or Related
• Preferred - 1 Years of People Management

In Lieu of Education

• 8 years of Experience in Credit Risk, Consumer Lending Products or Related including People Management

Compensation & Benefits

Typical hiring range: $119,400.00 to $204,600.00 Annually. Actual compensation will be determined using factors such as experience, skills & knowledge.

Benefits:

• Annual performance bonus
• Work from home up to 3 days a week
• Paid parental leave
• Employee discount programs
• Time off including paid personal and sick days
• 11 paid holidays
• Education reimbursement
• Note that eligibility and cost of benefits can vary depending on the number of regularly scheduled hours, and job status such as regular full-time, regular part-time, or temporary employment.

Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act. Ensures compliance with all applicable state and federal laws, company procedures and policies. Maintains integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives.

The responsibilities listed do not contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this position. Duties, responsibilities and activities may change at any time with or without notice.