Credit Risk Specialist

Ameriprise Financial Services, LLC•Minneapolis, MN

1d•$71,300 - $98,100•Hybrid

About The Position

In this role, you will contribute to product development and credit strategy to support and drive lending growth. This includes supporting bank lending product initiatives, including marketing and rewards programs. You will also assist in the bank’s loan loss reserve function by conducting industry benchmark analysis and supporting the development of the bank’s in house CECL model.

Requirements

1-3 years' relevant experience
Bachelor's degree or equivalent
Applicants must have a valid work authorization that does not now, or in the future, require visa sponsorship for employment in the United States (e.g., H-1B, F-1 CPT, F-1 OPT, TN).

Nice To Haves

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

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.