Commercial Card Risk Manager
About The Position
The Commercial Card Risk Manager is responsible for oversight and administration of credit and operational risk strategy programs for the Commercial Credit Card business. Duties & Responsibilities: Oversight and monitoring of existing Commercial Credit Card portfolio with goal to reduce/mitigate credit, fraud losses, and employee misuse while balancing the customer experience/impact. Identify Risks and develop proper controls to mitigate. Evaluate effectiveness of controls and escalate as appropriate. Evaluate the adequacy and effectiveness of enterprise and regulatory controls and the resulting risk and control self-assessments. Responsible for creation and approval of internal new product/service risk assessments for new product launches/enhancements. Deliver timely escalation of all issues requiring attention to senior management. Work with business segment management to ensure that the overall risk function is effectively supporting strategic goals. Collaborate with audit/business segment/corporate risk to address issues with plausible action plans and target dates. In partnership with Commercial Card Product team, work with key internal partners, external vendors, and customers to develop/launch proper risk controls across the product set. Partner with internal stakeholders to update documentation on a regularly scheduled basis; including credit policies, procedures, and process flows. Act as the central point for receipt and distribution of important risk information for the business segment and reciprocate the flow of information back to corporate risk management. Act as Business Segment Relationship Manager (BSRM) for vendor partnerships, ensuring we are meeting Third Pary Risk Management requirements. Ensure business segment adheres to corporate and business unit policies and procedures. Must be aware of and keep abreast of credit risk associated with assigned business segment. Performs other duties as assigned.
Requirements
- Bachelor’s degree
- Minimum of 5 years of experience in Compliance, Risk Management or Operational Risk, preferably in Payments and or Commercial Credit Card.
- In lieu of a Bachelor’s degree 4 additional years of segment-specific or risk related experience may be considered
Nice To Haves
- Underwriting (credit) and Card Fraud/Disputes experience
- Advanced knowledge of risk management principles and regulatory compliance requirements.
- Strong organizational, analytical, critical thinking and problem-solving skills.
- Excellent verbal and written communications and the ability to communicate and present requirements and issues clearly and concisely.
- Strong interpersonal skills and ability to build strong partnerships and work collaboratively with all businesses.
- Ability to deal with ambiguity, multi-task and work in a fast-paced environment.
- Proficiency in MS Office suite.
Responsibilities
- Oversight and monitoring of existing Commercial Credit Card portfolio with goal to reduce/mitigate credit, fraud losses, and employee misuse while balancing the customer experience/impact.
- Identify Risks and develop proper controls to mitigate.
- Evaluate effectiveness of controls and escalate as appropriate.
- Evaluate the adequacy and effectiveness of enterprise and regulatory controls and the resulting risk and control self-assessments.
- Responsible for creation and approval of internal new product/service risk assessments for new product launches/enhancements.
- Deliver timely escalation of all issues requiring attention to senior management.
- Work with business segment management to ensure that the overall risk function is effectively supporting strategic goals.
- Collaborate with audit/business segment/corporate risk to address issues with plausible action plans and target dates.
- In partnership with Commercial Card Product team, work with key internal partners, external vendors, and customers to develop/launch proper risk controls across the product set.
- Partner with internal stakeholders to update documentation on a regularly scheduled basis; including credit policies, procedures, and process flows.
- Act as the central point for receipt and distribution of important risk information for the business segment and reciprocate the flow of information back to corporate risk management.
- Act as Business Segment Relationship Manager (BSRM) for vendor partnerships, ensuring we are meeting Third Pary Risk Management requirements.
- Ensure business segment adheres to corporate and business unit policies and procedures.
- Must be aware of and keep abreast of credit risk associated with assigned business segment.
- Performs other duties as assigned.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
5,001-10,000 employees
