Credit Card Risk & Policy Director

Credit Card Risk & Policy Director at Veritas Partners Credit Card Risk & Policy Director at Veritas Partners in Arlington, Virginia Posted in 7 days ago.

Type:

full-time

Job Description:

Responsibilities Manage and grow a team with strong analytical and credit strategy development capability, focusing on credit risk and portfolio/account level profitability, as well as optimizing marketing effectiveness. Lead team to develop and manage new origination automated/judgmental credit strategies as well as account management credit policies, from approve/decline, line assignment and portfolio risk management. Responsible for defining Credit Card strategy risk tolerance limits and decisioning constraints in collaboration with second line Credit Risk Management. Lead team to develop and maintain cash flow/NPV valuation tool for acquisition and account management programs to enable decisioning optimization. Derive and refine risk segmentation and loss expectations / risk premium. Ground and extrapolate economics inputs, assumptions, and curve shape. Evaluate, recommend, and operate valuation platform. Automate sensitivity and gaming functionalities. Develop standardized metrics and reporting around NPV valuation, monitoring, and platform/tool assessment/refinement. Working with finance to govern the NPV development, review and decision-making process. Lead team to develop / refine Credit Card initial line assignment strategy: Evaluate and recommend segmentation schemes, such as Risk, Channel, Product, Channel and Ability to Pay. Derive recommended initial credit limit based on cash flow valuation model economics projections and decision constraints. Benchmark against industry. Ground sensitivities on assumption for line assignments and testing agenda for continuous optimization. Develop and test on graduation / line increase strategy (with control and assumptions needed for the program to be effective) Lead team to develop credit strategies tailored to acquisition channel and product type to support business growth. Partner with business segment product owners to optimize acquisition targeting/marketing campaigns that align with credit policies. Lead team to monitor credit quality, risk performance, and economics of Credit Card & Overdraft portfolio on the ongoing basis to prevent or mitigate consumer loan losses. Program deep dive and credit policy change monitoring to drive credit policy optimization and risk mitigation strategies. Monitoring and analysis of credit risk for both organic and acquired portfolio, prepare materials for regular Business Review and Credit Risk Committee presentation. Provide risk analytics to support credit expansion by overseeing credit aspects of onboarding of acquired portfolios and product launch. Function as a strategic and trusted partner with Product Team as they evaluate new asset classes/products. Identify required data and work with data stewards to understand data source, ensure data quality and retrieve data on a timely basis. Contribute to credit data mart and corporate database designs.

Qualifications:

Bachelor's degree in business, Economics, Quantitative Discipline or Equivalent, Finance is required. MBA or master's degree in the related field is highly preferred. 12+ years' experience in credit strategy, credit policy & analysis or credit risk management in the financial services industry. Experience in Consumer Lending products preferably Credit Card. Minimum of 5+ years of direct management experience. Ability to interact effectively with a variety of partner teams within and outside Consumer Banking in a collaborative environment. Ability to influence and build consensus with 2nd line Credit Risk on credit decisions. Detail-oriented, results-driven, and ability to navigate in a quickly changing and high demand environment to develop solutions while balancing multiple priorities. Demonstrate strong integrative thinking, problem-solving and high degree of proficiency in synthesizing and communicating data from a variety of disciplines. Excellent written, verbal communication and presentation skills. Ability to explain complex topics and technical details in succinct storytelling to a wide variety of audiences. Self-motivated and strong people skills to actively lead and implement ideas in a cross-functional team environment. Proven project management skills, ability to manage multiple projects. Ability to manage multiple projects simultaneously and adapt to rapid changes in priority. Strong skills in various data analysis and visualization tools including PowerPoint, Excel, Tableau and SQL are required. Experience using A.I. tools preferred.