Retail Credit Risk Management Lead - Ford Bank

Ford • Salt Lake City, UT

6d • $99,100 - $166,200 • Hybrid

About The Position

The Ford Motor Credit Company (“Ford Credit”) has received the regulatory conditional approval to form Ford Credit Bank ("the Bank") to be headquartered in Salt Lake City, Utah. The Bank will create innovative and simplified banking solutions to help customers across the country finance the purchase of new Ford vehicles, parts, accessories, EV Infrastructure and software and will accept deposits with competitive rates on FDIC-insured savings accounts and certificates of deposit. The Bank will be a direct and wholly owned subsidiary of Ford Credit, an indirect wholly owned subsidiary of Ford Motor Company (“Ford”). The proposed Bank will be a strategic addition to Ford Credit and is key to providing the capabilities needed to meet the financing expectations of Ford customers. If you’re customer-focused, driven and seeking the opportunity to experience exciting challenges and growth, look no further. The successful candidate will be a member of an exciting and dynamic team of banking professionals who would have the opportunity to stand up and begin the operations of the de novo Bank. New employees hired by the bank will initially be Ford Credit employees. Once the bank is formally established, these employees may be transferred to the new bank. Ford Credit Bank (the “Bank”), a de novo Utah industrial bank headquartered in Salt Lake City, Utah, will create innovative and simplified banking solutions to help customers across the country finance the purchase of new Ford vehicles, parts, accessories, and software and earn competitive rates on FDIC-insured savings accounts and certificates of deposit. The Bank will be a direct and wholly owned subsidiary of Ford Motor Credit Company (“Ford Credit”), an indirect wholly owned subsidiary of Ford Motor Company (“Ford”). The Bank is designed to be a leading financial institution committed to upholding the highest standards of integrity, ethics, and regulatory compliance. We serve our customers with a wide range of financial products and services, driven by a culture of trust and excellence.

Requirements

• 5+ years of banking experience
• A minimum of 3 years' experience in consumer credit risk
• Knowledge of lending interagency regulations and applicable state laws
• Understanding of the 3-lines of defense in banking
• Strong communication and presentation skills and proven customer service experience
• Exceptional analytical skills and the ability to work with complicated financial data
• Candidates for positions with Ford Motor Company must be legally authorized to work in the United States. Verification of employment eligibility will be required at the time of hire.

Nice To Haves

• Bachelor’s degree preferred

Responsibilities

• Leads second-line credit risk oversight for the Bank’s consumer auto lending portfolio, ensuring underwriting, servicing, collections, and repossession practices align with risk appetite, internal policy, and regulatory requirements.
• Provides independent monitoring and reporting on portfolio performance, policy exceptions, concentrations, and residual values, and serves as secretary to the Ford Credit Bank Credit Committee.
• Responsible for implementing and monitoring all aspects of the Bank’s consumer auto lending credit risk management programs.
• Ensures the programs function with a high level of compliance with internal policies, and federal and state regulatory expectations.
• Independently assess associated risks and develop monitoring programs.
• Provide support to the Chief Credit Officer in all consumer lending credit risk activities.
• Execute the Bank’s credit risk management program in alignment with the Bank’s governance framework and risk appetite, and comply with Bank policy and federal/state law and regulation.
• Maintain an effective credit risk monitoring program including but not limited to: Adherence to consumer lending applicant underwriting standards; Adherence to minimum standards for the requirement of when investigation and verification of applicant and contract data is required; and Adherence to minimum collection and vehicle repossession strategies, tactics, and record keeping.
• Execute a 2nd-line-of-defense risk management program for consumer loans including ensuring bank underwriting, servicing, collection and other standards are being met.
• Provide independent oversight and reporting to Senior Management and the Credit Committee on key credit risks, credit risk trends, and credit risk mitigation, including regular reporting at the transaction, product segment, product, and portfolio levels on policy exception volumes, performance, credit concentrations and other analysis.
• Oversee vehicle residual value setting processes, conduct quarterly reviews of vehicle residual value performance, and report results.
• Secretary to the Ford Credit Bank Credit Committee.

Benefits

• Immediate medical, dental, vision and prescription drug coverage
• Flexible family care days, paid parental leave, new parent ramp-up programs, subsidized back-up child care and more
• Family building benefits including adoption and surrogacy expense reimbursement, fertility treatments, and more
• Vehicle discount program for employees and family members and management leases
• Tuition assistance
• Established and active employee resource groups
• Paid time off for individual and team community service
• A generous schedule of paid holidays, including the week between Christmas and New Year’s Day
• Paid time off and the option to purchase additional vacation time.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior