Senior Consumer Credit Risk Manager

1 week ago


Chicago, Illinois, United States Mitchell Martin Inc. Full time

Position Overview:

Mitchell Martin Inc. is in search of a Senior Manager - Consumer Credit Risk Review to enhance our risk management capabilities within the financial services sector.

Key Responsibilities:

  • Formulates a comprehensive Consumer Credit Review strategy utilizing a risk-oriented methodology, executing reviews across various consumer lending products, including credit cards, home equity loans, and personal loans. This includes conducting a thorough risk evaluation of the entire portfolio. Collaborates with credit strategy teams to address any identified credit risk issues and communicates findings through established governance frameworks.
  • Engages with business stakeholders, senior leadership, governance committees, and regulatory bodies to deliver Consumer Credit Review assessment outcomes and analytical insights in a clear and concise manner, both verbally and in writing.
  • Establishes and sustains independent credit risk portfolio reporting for all consumer lending products.
  • Develops, oversees, and maintains reporting mechanisms related to consumer credit risk appetite, tolerance levels, and thresholds, ensuring alignment with consumer credit strategies and understanding the impact of strategic changes on enterprise profitability.
  • Creates and upholds credit risk oversight processes, policies, and procedures that align with the overarching Corporate Risk Management framework.
  • Actively participates in departmental and enterprise-wide initiatives aimed at attracting and nurturing talent. Provides regular constructive feedback, coaching, and training to team members to effectively manage and mentor them.

Minimum Qualifications:

  • Master's Degree in Statistics, Economics, Engineering, Finance, or a related quantitative discipline.
  • A minimum of 8 years of experience in Statistics, Economics, Engineering, or a related quantitative field, including equivalent internships or research experience.
  • Extensive experience in the credit card or related financial services industry may be considered in lieu of a degree.

Preferred Qualifications:

  • Ph.D. in Statistics, Economics, Engineering, Finance, or a related quantitative discipline.
  • Over 10 years of experience in Statistics, Economics, Engineering, or a related quantitative field, including equivalent internships or research experience.
  • More than 10 years of experience in credit review, credit risk management, or internal audit functions related to credit risk at a large financial institution.
  • Proficiency in statistical software such as SQL, SAS, Python, or other tools for mining and extracting complex consumer and transaction-level data on big data and/or cloud computing platforms.


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