Senior Consumer Credit Risk Oversight 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-focused methodology, executing thorough reviews across all consumer lending products, including credit cards, home equity loans, and personal loans. This includes conducting a risk evaluation of the entire portfolio and collaborating with credit strategy teams to address any identified risks. Findings will be communicated through established governance frameworks.
  • Engages with business stakeholders, senior leadership, governance committees, and regulatory bodies to effectively present Consumer Credit Review results and analytical insights in a clear and concise manner, both verbally and in writing.
  • Establishes and oversees independent credit risk portfolio reporting across all consumer lending products, ensuring accurate and timely reporting.
  • Develops and manages oversight of consumer credit risk appetite, tolerance levels, and thresholds, while remaining cognizant of consumer credit strategies and their potential impact on enterprise profitability.
  • Creates and sustains credit risk oversight protocols, policies, and procedures in alignment with the overall Corporate Risk Management framework.
  • Participates in departmental and enterprise-wide initiatives aimed at talent acquisition and development, providing regular feedback, coaching, and training to team members to foster their growth and effectiveness.

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 relevant 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.
  • 10+ years of experience in Statistics, Economics, Engineering, or a related quantitative field, including equivalent internships or research experience.
  • Over 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 tools such as SQL, SAS, Python, or other technologies for extracting and analyzing complex consumer and transaction-level data on big data and/or cloud computing platforms.


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