Credit Risk Specialist
Ameriprise Financial Services, LLC is a diversified financial services leader with significant assets under management. The Credit Risk Specialist will contribute to product development and credit strategy to support lending growth, assist in the bank’s loan loss reserve function, and conduct industry benchmark analysis.
Responsibilities
- Inform product and credit strategy to support lending growth with actionable insights derived from data and analysis. Use advanced tools and analytics to perform product and credit analysis and present results and recommendations to leadership and key partners. Communicate action plans and priorities to appropriate stakeholders
- Utilize company, industry knowledge, and technical expertise to enhance and streamline the current benchmark process for the bank’s loss reserve function. Inform the allowance for credit loss model development and also support the CECL subcommittee, including preparing meeting material, document meeting minutes, etc
- Support the bank’s lending product teams by providing accurate, timely and responsive services to the business based on business need, including delinquency information and exception updates. Identify issues, such as data issues of missing value or unreasonable value through daily work and develop solutions that best meet business objectives and increase efficiencies. Partner with key stakeholders to influence credit strategy on new lending initiatives, marketing programs, Home Equity program and credit card recourse program
- Support the bank’s Credit Risk Management functions by continuously monitoring credit quality and practices including collections, foreclosures, credit line management, etc
Skills
- 1-3 years' relevant experience
- Bachelor's degree or equivalent
- Experience in banking or financial service company
- Knowledge of consumer lending products such as Mortgage, Home Equity, Credit Card, etc
- Understanding of credit risk and loan loss reserves
- Experience with data and analysis
- Advanced skills in Excel and PowerPoint
- Strong written and verbal communication skills
- Strong analytical and problem-solving skills
- Experience with advanced analytical tools, such as Power BI, SQL, Python
Benefits
- Variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role
- Vacation time
- Sick time
- 401(k)
- Health, dental and life insurances
Company Overview