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| Relocation: | yes | | Work Visa: | yes | | Job Description: | Director of Risk and Underwriting
Summary:
This role will be responsible for developing, implementing and monitoring loan approval models that will result in increased acceptance rates and lower default rates of our various consumer loan products. The objective of the role is to develop, implement, monitor and adjust our credit risk strategies to help manage and grow the loan portfolio by optimizing the value of each loan application and customer. The business will operates in a test and learn culture where for each of our key credit risk decisions you will help us develop challenger strategies, rolling out successful strategies to champion status, pulling unsuccessful ones quickly and helping develop new challengers.
RESPONSIBILITIES:
Develop, Build and Deploy various statistical models used for loan loss minimization, loss forecasting, and other targeted analysis.
Provide direct support to the operations group in the evaluation and analysis of all consumer credit risk.
Analyze portfolio level information to identify and monitor key risk factors and develop proposed solutions.
Perform ad-hoc analysis of consumer portfolios.
Report and analyze characteristics of the Consumer Credit lines of business in relation to policies, guidelines and processes.
Deliver portfolio analysis and performance metrics as well as create insight into new areas of concern or benefit for the portfolio.
Monitor and evaluate problem loan statistics. Ensure that appropriate reporting of activity is occurring consistent with company policy.
Identify and communicate potential policy and or operational improvements that will enhance credit quality.
Ability to perform duties and responsibilities while working under tight
deadlines Develop and Manage Group of Analysts and their Day to Day Responsibilities
Day to day line management, mentor and coaching support for Analysts
Ensure effective cost management and budgetary control
Effectively communicate results, program or analysis progress, risks and issues to key stakeholders
Requirements:
Proficient in SAS, SQL and Excel. Access and/or VB background a plus.
Strong understanding of consumer finance industry. Sub-prime and non secured loans a plus.
Demonstrated ability to learn and understand various applications and business intelligence/database tools.
Extensive quantitative analytics experience
Knowledge of credit report attributes and non-traditional data attributes
Experience in logistic regression, CHAID and decision trees.
Excellent analytical, verbal and written communication skills.
Demonstrated ability to interpret data and determine next steps.
Demonstrated ability to work with significant volumes of data in various formats and databases.
Technical knowledge of data warehouses, data infrastructure and working with large files in various formats
Extensive experience in data mining and reporting, default modeling, and loan portfolio analytics
Degree in Economics, Statistics Mathematics, Finance, Operations Research, Computer Science or other related areas.
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E-mail resume to:
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jobs@numericjobs.com
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