Sr. Risk Analyst, Credit Risk Management

Merrick Bank; South Jordan (UT); On-site; USD 90,000 - 120,000; Full time

Benefits offered by this job

Medical, Dental, Vision

401(k) match

Disability insurance

Wellness programs

Group life insurance

Paid vacation & holidays

Employee engagement activities

DEI groups

CSR initiatives

Job summary

Merrick Bank in South Jordan, Utah, is seeking a Senior Analyst, Credit Risk Oversight to bolster the bank’s second line of defense. You will conduct portfolio risk analysis, monitor credit trends, and support executive risk reporting.

You’ll coordinate quarterly Credit Oversight reporting, develop dashboards, and collaborate across first- and second-line teams to inform risk decisions and governance. Strong analytical skills and proficiency with SQL, Excel, and data visualization are required.

Qualifications

• Bachelor’s degree in business, finance, economics, statistics, mathematics, engineering, or a quantitative field.
• MBA or related master’s degree preferred.
• Two years of credit risk, consumer lending, or analytics experience.

Responsibilities

• Monitors consumer lending portfolio performance, credit trends, forecast outcomes, and key risk indicators.
• Coordinates the development of quarterly Credit Oversight reporting and supporting materials.
• Supports independent assessment of portfolio risk, CECL forecasts, and governance reporting.
• Develops dashboards and analytical frameworks to assess portfolio health and early warning signals.
• Performs analytical reviews of assumptions, methodologies, and performance drivers for risk forecasts.
• Collaborates across first- and second-line functions to support effective risk oversight.

Skills

Credit risk knowledge

Analytical skills

Risk reporting & communication

Data visualization

SQL

Excel

Python

Education

Bachelor's degree in Business, Finance, Economics, Statistics, Mathematics, Engineering, or quantitative discipline

Master's degree (MBA, Economics, Statistics or related field) preferred

Tools

SQL

Excel

SAS

Python

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.

Senior Analyst, Credit Risk Oversight

The Senior Analyst, Credit Risk Oversight, plays a key role in the Bank's second line of defense by supporting independent oversight, monitoring, and assessment of credit risk across the consumer lending portfolios. This position performs portfolio risk analysis, monitors emerging credit trends, develops executive-level risk reporting, and supports the review and challenge of material credit decisions. The role serves as a primary coordinator of the Bank’s Quarterly Credit Oversight reporting process. Through data-driven analysis, effective communication, and cross-functional partnership, this position helps identify emerging risks, improve transparency into portfolio performance, and support informed risk management decisions. This position reports to the Director, Credit Risk Oversight.

Essential Functions

Credit Risk Monitoring & Analysis

Monitors consumer lending portfolio performance, credit trends, forecast outcomes, and key risk indicators. Conducts analysis to identify emerging risks, adverse trends, variances from expectations, and potential risk appetite concerns.

Credit Oversight Reporting

Coordinates the development of the quarterly Credit Oversight Report and supporting materials. Produces recurring and ad hoc reporting, synthesizing portfolio performance, forecast results, credit decisions, and emerging risks into clear, actionable insights for management and governance committees.

Risk Assessment & Governance Support

Supports independent assessment of portfolio risk, CECL forecasts, and material credit decisions. Assists in the preparation of oversight documentation, challenge artifacts, concurrence materials, and governance reporting.

Credit Analytics & Early Warning Monitoring

Develops and maintains portfolio monitoring tools, dashboards, and analytical frameworks used to assess portfolio health and identify early warning indicators. Evaluates performance relative to expectations, forecasts, and risk appetite thresholds.

Review & Challenge Support

Performs analytical reviews of assumptions, methodologies, and performance drivers supporting credit forecasts and credit decisions. Identifies areas requiring additional analysis, clarification, or challenge and presents findings to Credit Risk Oversight leadership.

Cross-Functional Partnership

Collaborates across first- and second-line functions to gather information, understand portfolio developments, and support effective risk oversight. Develops productive working relationships while maintaining an independent risk perspective.

Requirements for Success

Education & Experience

• Bachelor's degree in Business, Finance, Economics, Statistics, Mathematics, Engineering, or quantitative discipline is required.
• Master's degree (MBA, Economics, Statistics or related field) is preferred.
• Two (2) years of experience in credit risk, consumer lending, portfolio analytics, financial analysis, or related analytical risk disciplines.
• Experience developing performance reporting, portfolio monitoring, or credit risk analysis is preferred.

Knowledge, Skills and Capabilities

• Credit Risk Knowledge: Understanding of consumer lending, portfolio management, credit performance metrics, and credit risk monitoring concepts.
• Analytical Skills: Strong analytical capabilities with experience evaluating portfolio trends, identifying performance drivers, conducting root cause analysis, and interpreting large datasets.
• Risk Reporting & Communication: Ability to synthesize quantitative and qualitative information into concise, actionable reporting and presentations for management audiences.
• Data Visualization & Reporting: Experience developing dashboards and reporting solutions using Power BI, Tableau, or similar tools.
• Technical Skills: Proficiency with SQL and Excel required. Experience with SAS, Python, or comparable analytical tools preferred.
• Intellectual Curiosity: Demonstrates a desire to understand underlying drivers of portfolio performance, challenge conventional thinking, and proactively investigate emerging risks, trends, and opportunities for deeper analysis.
• Attention to Detail & Accuracy: Maintains a high standard of accuracy and quality in analysis, reporting, and risk assessments. Demonstrates strong discipline in validating data, documenting conclusions, and ensuring information used in decision-making is complete and reliable.
• Continuous Improvement Mindset: Actively seeks opportunities to enhance reporting, monitoring frameworks, and analytical approaches to improve the effectiveness and efficiency of the Credit Risk Oversight function.
• Organization & Project Management: Ability to manage multiple priorities, coordinate recurring reporting processes, and meet deadlines.

Compliance

• Responsible for complying with all the Bank’s internal control policies and procedures.
• Responsible for understanding and complying with all laws and regulations to which the Bank is subject.
• Responsible for communicating problems in operations, noncompliance with the code of conduct, noncompliance with laws and regulations, policy violations, or illegal acts.

Work Environment/Physical Demands

This position is remote or hybrid, and if hybrid, the expectation is that the employee will work approximately 2-3 days onsite per week, depending on business needs. Work is in an office environment, sustained posture in a seated position for prolonged periods of time; works with computer equipment for prolonged periods of time. Some stress may occur. Occasional travel may be required.

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

Benefits

• 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

We offer a total rewards package comprised of a competitive base rate of pay, variable pay incentive programs based on the role, and a comprehensive benefit suite. 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.

CardWorks Financial Group is the engine driving financial progress, a diversified consumer finance provider building ethical solutions across credit, lending, and the full customer lifecycle. Advancing finance with purpose, we put people—clients, customers, and colleagues—at the center of everything we do, guided by our CRITICAL values and united as one enterprise across Merrick Bank, CardWorks Servicing, and Carson Smithfield. As your everyday champion, our vertically integrated platform fuels financial progress through access to credit, high yield deposits, flexible merchant payments, and end to end servicing performance—powered by a culture of relentless curiosity, belonging, and growth.