Director, Consumer Credit Risk
Fifth ThirdChicago, IL, United Statesjob_description.job_card.variable_days_ago
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job_description.job_card.job_descriptionMake banking a Fifth Third better ## GENERAL FUNCTION : The primary purpose of the Director Consumer Credit Risk is to provide leadership and strategic vision in managing the second line of defense credit risk within Fifth Third's Consumer Bank. The position leads a group of Risk Managers (Residential Lending, Indirect Lending, Credit Card, and Small Business Lending) in a coordinated manner with the goal of developing and deploying a sound credit strategy consistent with Bancorp credit risk tolerances. The Director Consumer Credit Risk partners with line of business decision makers to report risk and profitability, loss forecasts, loan origination strategies, and pricing strategies.Responsible and accountable for risk management 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.## ESSENTIAL DUTIES AND RESPONSIBILITIES : Analyze concentrations, product mix, delinquency and loss trending, product optimization, line utilization, originations, whole loan sale performance, etc. Conduct root cause analysis to identify opportunities to predict, prevent and mitigate risk within processes and performance across consumer lines of business and play a crucial role in review and assessment of first line strategies as the second line of defense. Consult and challenge strategies for return on risk and improved predictability. Prepare and deliver presentations related to recommendations and strategy results to business partners and management. Assist in the development of risk-based pricing models and loan loss models statistical techniques utilizing SAS, Python, R. Demonstrate expertise in consumer credit risk and play a crucial role in review and assessment of first line strategies as the second line of defense. Identify and implement opportunities for greater efficiencies, risk controls, and profitability for the respective portfolios. Provide Risk guidance & support for Credit Policy. Support credit risk assessment related to any future mergers and acquisitions. Build strong relationships with Sales Management, Product Development, and Investor Relations with the support of quantitative facts. Collaborate with business line leaders to plan and develop credit initiatives. Develop, validate, and implement various models used for loss forecasting, portfolio stress testing, account management analysis and other targeted analysis. Perform ad-hoc analysis of consumer portfolios as directed. Report and analyze characteristics of the Consumer Credit lines of business in relation to policies, guidelines, and processes. Establish close working relationships with the Credit functions of the various Consumer Lending groups, while maintaining independence / objectivity. Monitor and evaluate problem loan statistics. Ensure that appropriate reporting of activity is occurring consistent with Bancorp policy as well as pertinent accounting / regulatory guidance. Support automation of business processes and identification of second order and layered risk within the business. Identify and communicate potential policy and or operational improvements that will enhance credit quality. Evaluate new consumer risk related data sources and risk analytical tools and develops innovative risk management capabilities and processes. Support the overall Bancorp risk management goals within the Consumer Lending Line of Business. Support ad-hoc Line of Business requests for quantitative modeling of potential new business. Extensive understanding of credit bureau reporting, issues and complaint management, audit, and compliance processes. Demonstrate expert knowledge of financial regulations and regulatory environment in business conversations. Represent credit risk management in regulatory updates and key conversation with OCC, FRB, and other regulatory agencies.## SUPERVISORY RESPONSIBILITIES : May supervise others. Responsible for managing a staff of exempt Credit Risk Managers and mentoring them on employee development and recognition activities, providing challenging work assignments, and recruiting / developing bench strength. Perform general staff management duties relating to performance evaluations, promotions, salary recommendations and terminations.## MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED : Master’s degree in relevant field (Business, Finance, Statistics, Economics, etc.). An equivalent combination of education / experience will be considered in lieu of a master’s degree. Minimum 8 years of Consumer Lending experience Minimum 2 years supervisory / management experience. Excellent analytical, verbal, and written communication skills. Detail oriented with strong oral and written communication skills. Strong interpersonal skills. Ability to build business cases that influence stakeholders to change outcomes. Ability to manage backlog and prioritize backlog of tasks, delegating but driving toward successful completion. Ability to recruit, hire, train, and retain talent. Strong leadership presence. Ability to manage strategic relationships and provide sound risk management guidance to internal and external business partners. Demonstrated ability to lead analytic projects and drive to completion, including gathering requirements and presenting findings to senior leadership. Minimum 8 years’ experience in reporting systems, database management and analytics. Expert knowledge of rules and regulations Expert level knowledge of credit risk. Experience building, implementing, or leveraging models for credit decisions. MS Office proficiency Expertise in one or more statistical software such as SAS, R, Python## WORKING CONDITIONS : Potential considerations include : Normal office environment with little exposure to dust, noise, temperature, and the like. Extended time at desk and / or viewing computer screen.Director, Consumer Credit RiskTotal Base Pay Range 119,500.00 - 256,900.00 USD AnnualAt 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 53.com Careers page at : or by consulting with your talent acquisition partner. LOCATION Chicago, Illinois 60606Attention 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.Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment
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Director Credit Risk • Chicago, IL, United States
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