Director Credit Risk

Target • Brooklyn Park, MN

1d • $163,000 - $294,000

About The Position

As a Director Credit Risk, you’ll create and execute strategies to manage the risk and underwriting of Target’s owned brand financial products (such as the Target REDcard) by leading a team of highly quantitative data analysts. By leveraging your analytic skills and industry knowledge, you will set the vision and goals for the underwriting team and ensure those are met. You will own all aspects of strategy and model development including data analysis, segmentation, predictive analytics, requirement generation, validation and ongoing reporting and validation. You will be responsible for tracking portfolio performance and recommending changes to credit models, credit score cut-offs, credit limit assignment, and other credit risk policies based on analysis and experience. Through partnership with Collections, Finance, Operations, and Fraud Prevention, you will design solutions to mitigate portfolio risk and losses while driving sales to Target. Utilizing your strong communication skills, you will articulate the benefits and trade-offs of your strategies to internal partners and senior leaders as well as external partners such as TD Bank and federal regulators. We’ll support you along the way with robust onboarding, as well as personal and career development, to help you grow as a strong Director Credit Risk. The exciting part of retail? It’s always changing! Core responsibilities of this job are described within this job description. Job duties may change at any time due to business needs.

Requirements

• Four-year degree
• 10+ years of relevant financial services experience
• Deep knowledge of predictive analytics and statistical techniques
• Strong written and verbal communication skills, with the ability to influence leaders and clearly articulate risk/benefit analyses
• Experience directly or indirectly leading a team
• Extensive knowledge of financial services industry and best practices

Nice To Haves

• MS in Economics, Statistics, Engineering, Computer Science, or related field preferred

Responsibilities

• Create and execute strategies to manage the risk and underwriting of Target’s owned brand financial products
• Set the vision and goals for the underwriting team and ensure those are met
• Own all aspects of strategy and model development including data analysis, segmentation, predictive analytics, requirement generation, validation and ongoing reporting and validation
• Track portfolio performance and recommending changes to credit models, credit score cut-offs, credit limit assignment, and other credit risk policies based on analysis and experience
• Design solutions to mitigate portfolio risk and losses while driving sales to Target
• Articulate the benefits and trade-offs of your strategies to internal partners and senior leaders as well as external partners such as TD Bank and federal regulators

Benefits

• comprehensive health benefits and programs, which may include medical, vision, dental, life insurance and more
• 401(k)
• employee discount
• short term disability
• long term disability
• paid sick leave
• paid national holidays
• paid vacation

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Number of Employees: 5,001-10,000 employees