Manager Credit Risk

Alliant Credit Union•Chicago, IL

2h•$119,400 - $204,600•Hybrid

About The Position

In this hybrid role based at our Chicago headquarters, you will lead the charge to shape consumer credit risk strategy and drive sustainable growth. Oversee a team of analysts dedicated to evaluate credit risk across consumer lending portfolios. Define and enhance credit risk oversight processes, monitor portfolio performance, and develop data-driven strategies that optimize risk-adjusted returns. Collaborate cross-functionally to assess new products, refine underwriting approaches, and ensure alignment with the risk appetite and business goals. Lead with a strategic insight, analytical expertise, and innovative thinking to drive impactful solutions in a collaborative environment while contributing ideas and taking initiative to influence outcomes and deliver measurable results.

Requirements

Minimum - 4 Year Bachelors Degree in Management, Business, Statistics or Related
Minimum - 6 Years of Credit Risk, Consumer Lending Products or Related
8 years of Experience in Credit Risk, Consumer Lending Products or Related including People Management (In Lieu of Education)

Nice To Haves

Preferred - 1 Years of People Management

Responsibilities

Develop and refine underwriting guidelines for products including credit cards, auto lending, personal loans, and HELOCs, ensure alignment with our growth objectives and risk appetite.
Provide analytical support and risk assessment for the evaluation and launch of new products such as consumer lending.
Oversee and monitor key performance indicators (KPIs) such as automated approval rates, delinquency (DQ) and charge-off (CO) rates, and risk-adjusted return on assets (ROA) to identify trends and potential risks.
Analyze portfolio performance and make data-driven recommendations for portfolio-level changes to optimize risk and return.
Lead the development and refinement of credit policies, standards, and procedures, ensuring clarity and adherence to best practices.
Generate reports using tools like SQL, Excel, and Power BI to provide actionable insights. Review existing reports and collaborate with partner teams to define new reporting requirements.
Partner with the business unit such as consumer lending, as well as second-line credit risk, audit, and regulatory teams.
Plan, oversee and lead the work of the team to meet functional and individual operational objectives and goals. Coach, mentor, and develop staff, including overseeing new employee onboarding and providing career development planning and opportunities. Responsible for hire, fire, performance, discipline and problem-resolution decisions.
Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act. Ensures compliance with all applicable state and federal laws, company procedures and policies. Maintains integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives.