Talent.com
Inizio Partners
Credit Risk AnalystInizio Partners • Chicago, IL, United States
Credit Risk Analyst

Credit Risk Analyst

Inizio Partners • Chicago, IL, United States
8 hours ago
Job type
  • Full-time
Job description

Credit Risk Analyst

Chicago, Illinois, United States

About the Job Credit Risk Analyst

Role: Consumer Credit Risk Analyst

This position within Corporate Risk Management is responsible for the oversight of consumer credit policy through effective planning and execution of ongoing and periodic Consumer Credit Reviews across the life cycle of consumer lending products. Primarily, the incumbent is responsible for providing an independent view on asset quality and the key consumer credit risks of the firm's consumer lending practices.

The resource will have a strong knowledge of credit risk management processes, credit strategy development process and regulatory expectations towards safety and soundness. This individual will have skills and experience to lead Consumer Credit Reviews, provide oversight on review activities and deliver the review results including identification of issues and overseeing the reporting of the review results to relevant stakeholders and credit governance committees.

Responsibilities will also include evaluating and monitoring consumer credit risk appetite, tolerance, and thresholds. Also defines the process for monitoring the performance of the consumer credit portfolio and performs reviews of credit risk strategies, while evaluating trade-offs among key business metrics, such as credit losses, receivables, and profit. This will necessitate identifying, designing, and implementing complex business analyses in support of Consumer Credit Reviews and business strategy.

Responsibilities

  • Develops Consumer Credit Review plan using a risk-based approach and executes the Consumer Credit Reviews across all consumer lending products covering credit cards, personal loans, and home equity loans), including performing a risk assessment on the overall portfolio. Collaborates with credit strategy teams to mitigate any identified credit risk concerns. Reports finding through the appropriate, established governance processes.
  • Interacts with business partners, senior management, governance committees, and regulators to present (both orally and written) Consumer Credit Review assessment results and analytic findings in a clear, complete, and concise manner.
  • Develops, manages, and maintains reporting and oversight of consumer credit risk appetite, tolerance, and thresholds. This includes the awareness of consumer credit strategies and the implications of changes in strategy to the profitability of the enterprise.
  • Develops and maintains credit-risk oversight processes, policies, and procedures in accordance with the overall Corporate Risk Management framework and system.
  • Implements and maintains independent credit risk portfolio reporting across all consumer lending products.

Minimum Qualifications

  • Master's Degree in Statistics, Economics, Engineering, Finance, or related quantitative field
  • 8+ years of experience in Statistics, Economics, Engineering, related quantitative field, equivalent internship, or research experience.
  • In lieu of a degree, 15+ years of experience in credit card, or related financial services industry

Preferred Qualifications

  • Ph.D. in Statistics, Economics, Engineering, Finance, or related quantitative field.
  • 10+ years of experience in Statistics, Economics, Engineering, related quantitative field, equivalent internship, or research experience.
  • 10 + years of experience in credit review, credit risk management, or internal audit credit risk coverage function at a large financial institution.
  • Knowledge and use of statistical packages such as SQL, SAS, Python, or other tools to mine, extract complex consumer and transaction level data on big data and/or cloud computing platforms.
Create a job alert for this search

Credit Risk Analyst • Chicago, IL, United States

Similar jobs

Portfolio Solutions Risk Lead

AllianzChicago, IL, United States
Full-time +1

We are looking for a Portfolio Solutions Risk Lead to join our team.This will be a hybrid role based in O'Fallon, Chicago, Alpharetta, or New York.Be part of our Portfolio Solutions team in North A... Show more

 • Promoted

Automotive Biller

McGrath KIA of Highland ParkHighland Park, IL, United States
Full-time

The McGrath Group is a well-respected, family-owned auto dealership group in the metro Chicago market that has been selling and servicing vehicles in Illinois for decades.Customer satisfaction is o... Show more

 • Promoted

ACL Reporting Team Lead

U.S. BancorpChicago, IL, United States
Full-time

Bank, we're on a journey to do our best.Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed.We b... Show more

 • Promoted

Consumer Opinion Research Participant

GL IncCrestwood, Illinois
$15.00 hourly
Part-time +1

Product Testers are wanted to work from home nationwide in the US to fulfill upcoming contracts with national and international companies.We guarantee 15-25 hours per week with an hourly pay of bet... Show more

 • Promoted

Claim Specialist - Property Field Inspection

State Farm Mutual Automobile Insurance CompanyHICKORY HILLS, IL, United States
Full-time

US-IL-Chicago;US-IL-Schaumburg;US-IL-Crystal Lake;US-IL-Crestwood;US-IL-Blue Island;US-IL-Tinley Park;US-IL-Hoffman Estates;US-IL-Cary;US-IL-Prairie Grove;US-IL-McHenry;US-IL-Fox River Grove;.Being... Show more

 • Promoted

Architecture Portfolio Analyst

Javen Technologies, Inc.Chicago, IL, United States
Full-time

Architecture Portfolio Analyst.Duration: 6+ months with possible extensions.Architecture Analysis & Technical Debt Identification:.Review existing application and solution architectures to identify... Show more

 • Promoted

Agent in Charge

VeranoHighland Park, IL, United States
Full-time

The Agent in-Charge is responsible for providing exceptional individualized customer service, educational consulting, and in some cases patient record management.In addition, they will provide supp... Show more

 • Promoted

Warranty Claims Specialist

Highland Park FordHighland Park, IL, United States
Full-time

We are seeking a reliable and organized Warranty Claims Specialist to manage and process manufacturer warranty claims with accuracy and efficiency.This role is critical in ensuring compliance with ... Show more

 • Promoted

US Corporates - Credit Analyst, Director - Middle Market/Private Debt Leveraged Finance - Chicago

Fitch Group, Inc.Chicago, IL, United States
Full-time

US Corporates - Credit Analyst, Director - Middle Market/Private Debt Leveraged Finance - Chicago.At Fitch, we have an open culture where employees are able to exchange ideas and perspectives, thro... Show more

 • Promoted

Credit Review Team Leader - Consumer

HuntingtonChicago, IL, United States
Full-time

The Credit Review Team Leader will report directly to the Credit Review Group Manager.The ideal candidate is a proven credit risk manager with an exceptional delivery track record within a demandin... Show more

 • Promoted

Pricing Actuary - REMOTE

DW SimpsonZion, IL, United States
Remote
Full-time

Stagnating where you are? This role presents a clear path forward to greater skills, responsibilities, and compensation.P&C client is seeking a Pricing Actuary with GLM / Machine learning exper... Show more

 • Promoted

Credit Analyst

TradeJobsWorkForce60546 Riverside, IL, US
Full-time

Conduct thorough analysis of financial statements and assessment of credit requests, including new requests, changed requests, refinancing and annual due diligence Provide recommendations tied to a... Show more

 • Promoted

Entry Level Manager

Culver'sZion, IL, United States
Full-time

Join Our Management Team for Merch Foods Group a Culver's franchising group!.At Culver's, we believe that great teams create great experiences.When you join our management team at Culver's, you'll ... Show more

 • Promoted

Credit Risk Analyst

Inizio PartnersChicago, IL, United States
Full-time

Chicago, Illinois, United States.About the Job Credit Risk Analyst.Role: Consumer Credit Risk Analyst.This position within Corporate Risk Management is responsible for the oversight of consumer cre... Show more

 • Promoted

Credit Union Collections & Risk Manager

First Northern Credit UnionChicago, IL, United States
Full-time

Credit Union Collections & Risk Manager.We are currently seeking a Risk Mitigation Manager for our Chicago-Loop (Monroe Street) office to oversee the Risk Management Department, including: loan col... Show more

 • Promoted

Forms and Product Analyst

First Chicago Insurance CompanyBedford Park, IL, United States
Full-time

The Product & Actuarial Analysis Department designs, develops and launches new products and product enhancements that drive profitable growth, improve product efficiencies, and delivers return on i... Show more

 • Promoted

Commercial Credit Risk Consultant

EquifaxChicago, IL, United States
Full-time

Commercial Credit Risk Consultant.Equifax is where you can power your possible.If you want to achieve your true potential, chart new paths, develop new skills, collaborate with bright minds, and ma... Show more

 • Promoted

Professional - Credit and Collections Analyst

Trice HealthcareGlenview, IL, United States
Full-time

North America National Accounts: Analyst - Global Credit & Collections.This credit analyst position on our NA National Accounts team, is part of the WESCO|Anixter Financial Services department loca... Show more

 • Promoted

BSA/AML Compliance Analyst - Job # 3765-6092

The Symicor GroupMarkham, IL, United States
Full-time

BSA/AML Compliance Analyst To $60K Markham, IL.The Symicor Group is a boutique talent acquisition firm based in Schaumburg, IL & Rockport, TX.Our nationally unique value proposition centers aroun... Show more

 • Promoted

Forms & Product Analyst

Warrior Insurance NetworkBedford Park, IL, United States
Full-time

The Product & Actuarial Analysis Department designs, develops and launches new products and product enhancements that drive profitable growth, improve product efficiencies, and delivers return on i... Show more