Risk Manager

ISLAND MOUNTAIN DEVELOPMENT GROUP•Hays, MT

160d

About The Position

RISK MANAGERJob Description Reporting Relationships: Chief of Lending Operations (Chain of Command) Employment Status: Full Time, Salaried, Exempt Preference: Native American Preference, FBIC Veteran Preference POSITION SUMMARY: The role of the Risk Manager (RM) is to communicate risk policies and processes for Island Mountain Development Group (IMDG), specifically the Lending Operations. The RM provides hands-on development of risk strategies involving market, credit, and operational risk, assures controls are operating effectively, and provides research and analytical support. The RM plays a crucial role in evaluating and mitigating potential financial losses associated with lending activities. The candidate must have excellent quantitative and analytical skills, along with the ability to apply those skills across a variety of business processes. This job advertisement is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Duties, responsibilities, and activities may change, or new ones may be assigned at any time with or without notice. OBJECTIVES: · Design and implement an overall risk management process for the organization · Perform risk assessment: analyze current risks and identifying potential risks · Develop risk strategies used in customer acquisition in various lending portfolios · Work in tandem with third-party vendors to utilize outside products and services · Responsible for portfolio performance and success metrics associated with customer acquisition, risk verification, fraud prevention, and operational risk mitigation · Perform data collection, analysis, reporting, and visualization of risk KPI’s (e.g., conversion, default, etc.) to monitor and predict trends · Educate executive team about the most significant risks to the business and ensure team leads understand the risks that might affect their departments · Collaborate effectively with both internal departments and external vendors · Think “outside-the-box” and manage multiple projects simultaneously · Possess strong technical aptitude and business acumen

Requirements

Bachelor’s degree in business, finance, economics, statistics, or other quantitative fields
Core capabilities in data and technology, both in development and production
A solid understanding of lending processes, credit scoring, and relevant regulations is necessary.
Proficiency in using financial software and tools for risk analysis is crucial
Be able to be trusted with sensitive information regarding clients and the company
React quickly and work well under pressure and tight time restrictions
Understand trends and create ways of locating new insight in large datasets
Think objectively and make sound business and technical decisions
Adept at understanding and executing project management processes, methods, and tools
Ability to build consensus with key stakeholders, executive team, project team members, and across department lines

Nice To Haves

Master’s degree in business, finance, economics, statistics, or other quantitative fields
3+ years of professional experience or internship related to data, technology, and/or risk management
Familiar with or ability to quickly learn analytics tools (e.g., SAS, SQL, Python)
Experience with vendor management, pricing/contract negotiation, and proof of concepts (POCs)
Understand the link between internal departments and how they work closely together

Responsibilities

Risk Assessment: Analyze financial data, credit scores, and other relevant information to assess the likelihood of loan defaults.
Create policies and procedures to guide lending and minimize potential losses.
Manage risk processes across multiple portfolios and products
Engage in new product development with management team from a risk perspective
Create risk policies and procedures to be followed by the department and organization
Continuously monitor loan portfolios, track payments patterns, and identify early warning signs of potential problems.
Perform routine and ad hoc data analysis and reporting to underwriting strategies
Conduct research and leverage quantitative techniques to forecast consumer behavior
Manage vendor relationships and support evaluation and onboarding of new data services
Serve as point of contact for risk-related issues and identify process improvement opportunities
Build risk awareness amongst staff by providing support and training within the company
Work with Compliance, Marketing, Operations, and Technology to create a robust risk management process for the organization
Other duties as assigned