Sumitomo Mitsui Banking Corp
VP, Credit Risk Analyst (Remote)
Sumitomo Mitsui Banking Corp, Phoenix, Arizona, United States, 85003
Join us on our mission to create a completely new, 100% digital bank that truly serves customers' best interests. We are a close-knit and fun-loving team of seasoned financial services professionals who came together for the challenge of building a bank from scratch - and we are committed to doing it all the right way (from technology infrastructure to modern marketing to customer experience).The anticipated salary range for this role is between $144,000.00and $180,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.We work with the flexibility and speed of a start-up. But we also have significant stability and capital from being part of the SMBC Group (Sumitomo Mitsui Banking Corporation). SMBC is the second largest bank in Japan and the 12th largest bank in the world with operations in over forty countries. And SMBC is committed to disrupting the US marketplace with ground-breaking products.It is the best of both worlds, and we are seeking proven marketing leaders to propel us towards a national launch. We have both the ambitious growth plans and the 'patient capital' necessary to execute a multi-year plan. Join us on the journey to deliver an exciting concept of evolved banking.SUMMARY:
The Credit Risk Analyst will be responsible for supporting the development and management of the Credit Risk Strategies for the Unsecured Personal Loans product. Under supervision of the Credit Risk Manager, the Risk Analyst will assist in building, managing, and implementing credit strategies - including onboarding, verification, pricing and loan assignment, as well as test strategies across various marketing channels and loan purposes. The Credit Risk Analyst will work closely with cross functional partners across Marketing, Product, Technology and Operations to shape and contribute to growth initiatives. In addition, the Risk Analyst will assist with ensuring internal controls documentation is maintained completely and accurately. The Risk Analyst must use domain knowledge and data driven recommendations to drive risk-controlled growth for the organization.PRINCIPAL DUTIES & RESPONSIBILITIES:
Develop data driven credit underwriting strategies using a variety of traditional and alternate data sourcesManage credit strategy enhancements within area of responsibility and make compelling recommendations based on sound credit risk management principles, cost benefit analysis and customer experienceDevelop policy and procedures for credit strategy execution, including monitoring and controls to ensure intended execution of credit strategiesPartner with Marketing, Product, Operations and Technology teams to ensure smooth execution and all key control requirements are metDevelop credit strategies to support partner initiatives including changes to product strategy, marketing channels and partnership opportunitiesPartner with data science team to explore new approaches, tools, and data sources to support improvements to credit strategiesDevelop necessary monitoring and analytical reports to track credit risk KRI's and present insights to senior managementDevelop a robust testing agenda to optimize and expand the businessEnsure robust loss forecasting and that all credit strategy work aligns with Firms credit risk appetiteEnsure compliance with policies and requirements for all assigned responsibilitiesPOSITION SPECIFICIATIONS:
Bachelor's degree or equivalent in quantitative fields7-10 years of prior experience in consumer credit risk or similar quantitative role, preferably unsecured consumer lendingProficient in Python, SQL, R for extracting data from large datasets and statistical analysesAdvanced skills in Microsoft Office, specifically Excel, PowerPoint, and WordExperience with BI tools (ex. Tableau, Looker) for report developmentKnowledge of credit bureau data, risk models and free cash flow calculationsExcellent analytical and problem-solving skills and ability to make sound and rational decisions with limited supervisionExceptional verbal and written communication skills, ability to communicate effectively with senior leadersTeam player, serve as subject matter expert and provide guidance to peers within business unitsEOE STATEMENTWe are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law.CCPA DISCLOSUREPersonal Information Collection Notice: This notice contains information under the California Consumer Privacy Act (CCPA) about the categories of personal information (PI) of California residents that SMBC MANUBANK collects and the business or commercial purpose(s) for which the PI may be used. We do not sell PI. More information about our collection and use of PI may be found in our CCPA Privacy Policy at https://www.smbcmanubank.com/privacy/ccpa-disclosure. Persons with disabilities may contact our Customer Contact Center toll-free at (877) 560-9812 to request the information in this Notice in an alternative format.
The Credit Risk Analyst will be responsible for supporting the development and management of the Credit Risk Strategies for the Unsecured Personal Loans product. Under supervision of the Credit Risk Manager, the Risk Analyst will assist in building, managing, and implementing credit strategies - including onboarding, verification, pricing and loan assignment, as well as test strategies across various marketing channels and loan purposes. The Credit Risk Analyst will work closely with cross functional partners across Marketing, Product, Technology and Operations to shape and contribute to growth initiatives. In addition, the Risk Analyst will assist with ensuring internal controls documentation is maintained completely and accurately. The Risk Analyst must use domain knowledge and data driven recommendations to drive risk-controlled growth for the organization.PRINCIPAL DUTIES & RESPONSIBILITIES:
Develop data driven credit underwriting strategies using a variety of traditional and alternate data sourcesManage credit strategy enhancements within area of responsibility and make compelling recommendations based on sound credit risk management principles, cost benefit analysis and customer experienceDevelop policy and procedures for credit strategy execution, including monitoring and controls to ensure intended execution of credit strategiesPartner with Marketing, Product, Operations and Technology teams to ensure smooth execution and all key control requirements are metDevelop credit strategies to support partner initiatives including changes to product strategy, marketing channels and partnership opportunitiesPartner with data science team to explore new approaches, tools, and data sources to support improvements to credit strategiesDevelop necessary monitoring and analytical reports to track credit risk KRI's and present insights to senior managementDevelop a robust testing agenda to optimize and expand the businessEnsure robust loss forecasting and that all credit strategy work aligns with Firms credit risk appetiteEnsure compliance with policies and requirements for all assigned responsibilitiesPOSITION SPECIFICIATIONS:
Bachelor's degree or equivalent in quantitative fields7-10 years of prior experience in consumer credit risk or similar quantitative role, preferably unsecured consumer lendingProficient in Python, SQL, R for extracting data from large datasets and statistical analysesAdvanced skills in Microsoft Office, specifically Excel, PowerPoint, and WordExperience with BI tools (ex. Tableau, Looker) for report developmentKnowledge of credit bureau data, risk models and free cash flow calculationsExcellent analytical and problem-solving skills and ability to make sound and rational decisions with limited supervisionExceptional verbal and written communication skills, ability to communicate effectively with senior leadersTeam player, serve as subject matter expert and provide guidance to peers within business unitsEOE STATEMENTWe are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law.CCPA DISCLOSUREPersonal Information Collection Notice: This notice contains information under the California Consumer Privacy Act (CCPA) about the categories of personal information (PI) of California residents that SMBC MANUBANK collects and the business or commercial purpose(s) for which the PI may be used. We do not sell PI. More information about our collection and use of PI may be found in our CCPA Privacy Policy at https://www.smbcmanubank.com/privacy/ccpa-disclosure. Persons with disabilities may contact our Customer Contact Center toll-free at (877) 560-9812 to request the information in this Notice in an alternative format.