• Manager, Credit Risk

    Job Location
    United States-IL-Rolling Meadows
    Work Status
    Full-Time
    Department
    Finance and Risk Management
    FLSA Status
    Exempt
    Requisition ID
    2018-1841
  • Start a Rewarding Career with Alliant

    Why Alliant?

    We’re not a typical financial institution – we’re better. We’re an innovative, fun-loving, highly-engaged group of professionals that are committed to our company and the communities we do business in. We love to recognize and celebrate each other.

     

    Over 90% of our employees say we are a great workplace that is focused on our mission, vision and the future of banking.

     

    What will your day look like?

    You will be responsible for developing and implementing policies and procedures that assess and manage credit risk for Alliant. The incumbent will manage and develop the building of financial models that predict credit risk exposure to the organization and will oversee and participate in the preparation of performance reports for leadership.  The Manager, Credit Risk is instrumental in meeting CECL requirements and generating stress testing results. This role supports our business lines with a pro-growth but credit controlled philosophy. The incumbent will build productive and constructive relationships with business line managers to enhance current risk management analyses. Work involves moderate difficulty in modeling of the risks associated with new consumer products and policies, development of credit risk metrics, and sharing of best practices in consumer risk management and fraud prevention across all lines of business. Requirements include contribution of credit expertise to examine business line credit policy and line of business strategies as well as effective collaboration and communication skills.

     

    Responsibilities

    Do you see yourself doing this?

    • Manage, develop and direct the credit risk function including analysis, scenario modeling, CECL compliance and risk assessment
    • Develop analytics to assist in the identification and evaluation of all credit risks related to direct lending, indirect lending, credit card, and mortgage
    • Provide sound risk guidance, interpretation and forecasting based on quantitative fact and experience; leveraging SAS to optimize analysis
    • Manage third party relationships associated with various products in the credit risk function
    • Formulate, revise and implement credit policy, risk appetite and tolerance metrics, procedures and practices
    • Ensure proposed loans adhere to existing policy guidelines, documentation is sufficient to ensure security of the collateral and the administration and review is adequate to maintain the loan portfolio’s quality and profitability
    • Provide ongoing User Acceptance Testing support as new products are programmed into CLOS
    • Oversee user programming of CLOS to ensure loan products are updated and compliant
    • Supports product changes found by using Champion/Challenger testing and other available analytical tools
    • Stay abreast of changing legislation and regulatory climate and recommend changes to the credit policies and procedures as appropriate
    • Partner with Product Managers to assist and support the development of new products and product enhancements
    • Provide technical guidance to staff regarding the interpretation of data
    • Review loans, challenging inquiries regarding policy or credit risk may be involved
    • Develop strategies to identify potential problem loans and provide guidance to staff in restructuring the loan and/or minimizing losses
    • Identify and initiate opportunities to strengthen employee engagement (Q12) among the team as well as build productive relationships with our internal customers to provide enhanced service and communications
    • Coach, counsel, train and develop employees
    • Provide a structured and consistent approach to ensure that individual development plans are in place, performance management is consistent and ongoing coaching and feedback are provided on a regular and dynamic basis

    Qualifications

    What makes you a great fit?

    You’ll be a great fit if in addition to the completion of a Bachelor’s Degree in Business Administration, Management, Finance or Accounting or related field (Master’s degree preferred), and a minimum of 5 years of credit experience in a lending or financial institution with strong emphasis in consumer lending and consumer real estate, you have: 

    • Experience preparing CECL projections and adherence to CECL reporting requirement
    • Previous leadership experience required
    • Thorough knowledge of credit analysis, lending, loan and appraisal review
    • Ability to gather, analyze and compile financial data and generate credit risk reports
    • Outstanding analytical, time management and problem-solving skills
    • Strong organizational, collaborative and consultative skills
    • Hands on experience with automated loan decision engines
    • Excellent written and oral communication skills across all levels of the organization
    • Ability to influence without authority
    • Advanced computer skills utilizing SAS, MS Office Suite of products, regression analysis programs and data warehouse technologies

     

    When you’re happy, we’re happy!

    As a thank you for joining our team, you’ll benefit from:

    • Competitive medical, dental, and free vision benefits
    • Competitive compensation plan
    • Contributions towards gym memberships
    • Generous PTO and banking holidays off

       

    Still not convinced?

    We’re on the list of 100 Best Medium Companies to work for, check it out here. For more details you can also visit our Glassdoor and LinkedIn profiles.

     

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