Director, Credit Risk
Sallie Mae•Newark, DE
•Hybrid
About The Position
The Director, Credit Risk will be responsible for overseeing and managing our credit risk management strategies to ensure that credit risks are properly assessed, monitored, and mitigated to maintain the financial health and stability of the organization.
Requirements
- Strong knowledge of credit risk principles, methodologies, and regulatory requirements.
- Demonstrated experience in developing and implementing credit risk management frameworks, policies, and procedures.
- Proven ability to analyze complex credit portfolios and assess credit risk exposure.
- Excellent understanding of financial statements, financial analysis, and risk assessment techniques.
- Experience in managing and leading a team of credit risk professionals.
- Exceptional analytical and problem-solving skills, with the ability to think strategically and make informed decisions.
Nice To Haves
- Bachelor's degree in finance, economics, business administration, or a related field.
- 7+ years of experience in credit risk management within the financial services industry, with a focus on corporate or commercial lending.
Responsibilities
- Establish and maintain an effective credit risk framework, including credit risk assessment methodologies, risk appetite, risk limits, and risk mitigation strategies.
- Evaluate and analyze credit risk exposure across various business lines, products, and customer segments.
- Conduct comprehensive credit risk assessments and provide recommendations to senior management and the Board of Directors.
- Monitor and review credit portfolios to identify emerging risks, trends, and potential areas of concern.
- Collaborate with internal stakeholders, including originations, sales, and finance teams, to ensure credit risk considerations are integrated into business decisions and processes.
- Develop and implement credit risk monitoring tools and systems to enhance risk identification, measurement, and reporting capabilities.
- Foster relationships with external stakeholders, such as credit rating agencies, auditors, and regulators, to ensure effective communication and collaboration on credit risk-related matters.
Benefits
- Competitive base salaries
- Bonus incentives
- Generous PTO, Floating Holidays and 12 Federal Holidays observed
- Support for financial-well-being and retirement
- 401k with employer match
- Comprehensive medical, dental, vision, hospital indemnity, critical illness, pet insurance and more
- Employer paid short-term/long-term disability and basic life insurance
- Flexible hybrid working arrangements.
- Paid parental leave and adoption reimbursement programs
- Free access to on-site staffed fitness centers (in Delaware) and gym subsidy (for locations outside Delaware)
- Confidential counseling support (EAP), Health Advocacy services and Wellness program with financial incentives
- Tuition Reimbursement and Family Scholarship Programs
- Career development and training opportunities
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What This Job Offers
Job Type
Full-time
Career Level
Director
