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Risk Manager (Credit Risk)
Posted on 4/7/2022
INACTIVE
Locations
Chicago, IL, USA
Experience Level
Entry
Junior
Mid
Senior
Expert
Desired Skills
Data Analysis
Management
R
SQL
Python
Requirements
  • Proven track record of managing through the cycle credit risk for retail credit products like credit cards, unsecured personal loans etc
  • A bachelor's degree (preferably Masters or higher) in an quantitative/analytical stream like Engineering, Statistics, Physics, Maths, Economics or Management degree from a top university
  • Experience in portfolio management, which includes credit limit management, risk based pricing, retention strategies, overlimit policies etc
  • Solid understanding of credit policy governance framework and is able to work through 2nd/3rd line of defence in a competent manner
  • Proven excellent results of previous projects that exceeds requirements, plans appropriately to meet multiple objectives and is forward thinking on inter-dependencies to proactively identify and resolve issues
  • Solid understanding of credit as well as behavioural scoring models esp. for retail credit products
  • Experience in developing account level valuation frameworks to develop underwriting credit policies using NPV framework to optimise portfolio level economic returns
  • Strong experience in making data driven decisions with especial focus on marginal decision making
  • Experience in portfolio management, which includes but is not limited to credit limit management, risk based pricing, retention strategies, overlimit policies etc
  • Good business intuition on Risk adjusted return requirements & overall is able to manage / adjust the portfolio returns as more / new data comes into light
  • Clear, concise and structured way of thinking with ability to explain complex concepts in simple manner
  • Deep thinking and ability to process a lot of information towards most optimal decision making
  • Understanding of the value of speed to market and ability to balance between elegant problem solving and business need of the hour
  • Excellent working knowledge of SQL, R and Python etc. & other data analysis tools and also willing to learn new technology to help business scale
Responsibilities
  • Developing strategies to to launch new products by conducting in-market tests to define the right product market fit, target customer segments and conceptualise tests and accelerate innovation by experimentation
  • Supporting the annual budget, forecast and planning processes, from assessment of market/industry trends through data gathering and analysis, initiative selection and assessment, preparation of the plan, from concept to delivery
  • Tracking, communicating and drawing insights from the performance of ongoing initiatives & be on top of all credit KPI's through intensive monitoring
  • Identifying operational inefficiencies and managing the implementation of small scale change within the Credit function
  • Partnering with engineers, PM, data scientists, designers etc. to coordinate and prioritise business decisions
  • Ensuring approval and good rating of first line credit risk function from second line, third line and regulators
  • Ensuring low and controllable default rate
  • Achieving effective control of underwriting procedure and score cutoffs
  • Analysing and managing the portfolio through the economic cycle
  • Ensuring continuous monitoring and validation of the credit decision outcomes and MIS availability
Revolut

1,001-5,000 employees

Financial technology
Company Overview
Revolut's mission is to help their customers improve their financial health, empower them to have more control, and promote financial cohesion across the communities in which they operate.
Benefits
  • You’ll get to work in one of the hottest and fastest growing tech startups in the world right now
  • We’ll arm you with all of the latest tech equipment
  • Competitive salary
  • Competitive 401(k) plan
  • Competitive vacation policy
  • Flexible work hours
Company Values
  • Think deeper
  • Never settle
  • Think deeper
  • Get it done
  • Deliver wow