Second Line Loan Review Emerging Risk Analyst

$99,200 - $186,000/Yr

Sofi - Frisco, TX

Full-time - Mid Level

Remote - Frisco, TX

Credit Intermediation and Related Activities

About the position

As the Emerging Risk Analyst, you will play a vital role in identifying, assessing, and mitigating emerging risks that could impact the organization. Positioned within the Second Line of Defense, your primary responsibility will be to identify credit-related weaknesses through data mining, creating monitoring dashboards and identifying targeted loan review areas to ensure the organization's resilience in a continuously evolving economy. You will collaborate closely with various stakeholders, including the First Line of Defense, to ensure that emerging risks are proactively identified and integrated into the broader risk management strategy. This role supports the Emerging Risk Lead by looking around the corner at potential emerging risks that could impact the health of the bank's portfolios and lending. A successful candidate should possess a strong curiosity for data, along with a solid understanding of data warehousing. Additionally, they must have the ability to effectively translate data trends into actionable insights for the business.

Responsibilities

• Identify relevant trends that affect the quality of the loan portfolio and highlight segments of those portfolios that are potential problem areas.
• Assess the adequacy of and adherence to internal credit policies and loan administration procedures.
• Design and implement data collection and processing pipelines.
• Own product analytics workflows including formulating success metrics, socializing them across the organization, and creating dashboards/reports.
• Evaluate and interpret the results of data analysis.
• Build data pipelines to deploy production level datasets for emerging risk dashboard.
• Monitor external and internal environments for new and emerging risks.
• Analyze datasets to identify patterns, trends, and anomalies that may indicate potential risk.
• Build out data driven monitoring metrics against underwriting and regulatory policy requirements.
• Recommend improvements to lending policies and practices based on credit challenges with policy owners and document the findings.
• Perform data validation on all monitoring metrics ensuring consistent definitions with business partners.

Requirements

• Bachelor's degree in Finance, Accounting, Business, or a related field.
• 5+ years in credit risk management, credit analysis, or a related field within a financial institution, with a strong background in consumer lending and risk assessment.
• Previous experience in Operations, Compliance, or Risk.
• Strong knowledge of database management and data warehousing for effective data extraction.
• Strong analytical and problem-solving skills, with the ability to interpret complex data and trends.
• Attention to detail and a commitment to maintaining high-quality standards.
• Demonstrated ability working with Tableau Creator.
• Experience using SQL to extract actionable information from relational databases.
• High motivation to learn, drive change, and able to work collaboratively in a complex and fast-paced environment.
• Strong cross-functional, teaming, and communications skills, as well as an ability to work in a fluid and highly collaborative environment.
• Ability to operate independently with excellent time management skills.
• Excellent written and oral communication skills, including strong presentation skills.

Nice-to-haves

• Knowledge of OCC regulations and guidelines related to credit risk management.

Benefits

• Base pay range: $99,200.00 - $186,000.00
• Eligible for a bonus
• Comprehensive and competitive benefits package