Director, Credit Risk

Director, Credit Risk

The Director, Credit Risk will oversee strategic leadership and direction of our credit and financial risk program, guide a team using data-driven and analytical approach to manage risk programs. Provide data-driven insights and effective challenge for the business's management on risk-return trade-off across lending portfolios. Lead a team that drives workstreams and initiatives leveraging data and analytics. Drive the development of analytical frameworks and strategies for capital planning and CECL. Review first line credit risk usage of quantitative and qualitative factors driving credit risk for consumer & mortgage loans. Assist with audit and regulator requests across credit and financial risk and provide effective challenge and serve as a trusted advisor.

Responsibilities

Execute a robust second-line credit risk management oversight framework encompassing lending products.

Ensure lending activities are compliant with the credit union's risk appetite as it pertains to asset quality, returns and capital.

Lead the development and execution of lending portfolio reports for the board of directors, executive team and internal governance committees.

Execute a second-line financial risk management program encompassing interest rate risk and liquidity risk.

Lead development and execution of ongoing reporting on financial risks to the board of directors, executive team and internal governance committees

Lead a team to use data and analytics to develop analytical frameworks and strategies for loan origination strategies, loss forecasting, capital planning and CECL.

Review business usage of origination risk factors and provide effective challenge to underwriting criteria and loan product pricing within the risk appetite.

Provide sound risk guidance, interpretation and forecasting based on quantitative facts and sound judgment.

Analyze second line mortgage & consumer loan portfolio performance and evaluate the profitability of new originations across managed portfolios, factoring in risk adjustments.

Oversee second line credit risk analytics, such as loan origination strategy, economic capital setting, credit loss modeling and mitigation, CECL implementation.

Provide oversight and support to collections to enable sound collection strategies and collaborate with data governance to improve and enhance the data infrastructure quality.

Develop periodic reports for audit and regulatory compliance and assist with ad hoc requests.

Develop and refine credit policies and procedures to support risk and regulatory changes while fostering relationships across different teams, such as first line credit risk, lending product, collections finance, and compliance.

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 hiring, performance management, discipline and problem-resolution decisions.

Education

Bachelors Degree - Mathematics, Statistics, Quantitative Finance, Engineering, Computer Science or Related - Minimum

Graduate Degree - Mathematics, Statistics, Quantitative Finance, Engineering, Computer Science or Related - Preferred

Years of Experience

10 Years - Credit risk analytics within financial services environment or related - Minimum

3 Years - People Management - Minimum

In Lieu of Education :

15 Years - Credit risk analytics within financial services environment or related

Compensation & Benefits :

Typical hiring range : $148,800 - $215,800 Annually. Actual compensation will be determined using factors such as experience, skills & knowledge.

Annual performance bonus

Alliant provides a benefits package including health care, vision, dental, and 401k with employer match.

Additional Benefits :

• 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.