Sr. Risk Analyst, Credit Risk Management

Merrick Bank • South Jordan, UT

3d • Hybrid

About The Position

The Senior Analyst, Credit Risk Oversight, plays a key role in the Bank's second line of defense by supporting independent oversight, monitoring, and assessment of credit risk across the consumer lending portfolios. This position performs portfolio risk analysis, monitors emerging credit trends, develops executive-level risk reporting, and supports the review and challenge of material credit decisions. The role serves as a primary coordinator of the Bank’s Quarterly Credit Oversight reporting process. Through data-driven analysis, effective communication, and cross-functional partnership, this position helps identify emerging risks, improve transparency into portfolio performance, and support informed risk management decisions. This position reports to the Director, Credit Risk Oversight.

Requirements

• Bachelor's degree in Business, Finance, Economics, Statistics, Mathematics, Engineering, or quantitative discipline is required.
• Two (2) years of experience in credit risk, consumer lending, portfolio analytics, financial analysis, or related analytical risk disciplines.
• Understanding of consumer lending, portfolio management, credit performance metrics, and credit risk monitoring concepts.
• Strong analytical capabilities with experience evaluating portfolio trends, identifying performance drivers, conducting root cause analysis, and interpreting large datasets.
• Ability to synthesize quantitative and qualitative information into concise, actionable reporting and presentations for management audiences.
• Experience developing dashboards and reporting solutions using Power BI, Tableau, or similar tools.
• Proficiency with SQL and Excel required.
• Demonstrates a desire to understand underlying drivers of portfolio performance, challenge conventional thinking, and proactively investigate emerging risks, trends, and opportunities for deeper analysis.
• Maintains a high standard of accuracy and quality in analysis, reporting, and risk assessments. Demonstrates strong discipline in validating data, documenting conclusions, and ensuring information used in decision-making is complete and reliable.
• Actively seeks opportunities to enhance reporting, monitoring frameworks, and analytical approaches to improve the effectiveness and efficiency of the Credit Risk Oversight function.
• Ability to manage multiple priorities, coordinate recurring reporting processes, and meet deadlines.

Nice To Haves

• Master's degree (MBA, Economics, Statistics or related field) is preferred.
• Experience developing performance reporting, portfolio monitoring, or credit risk analysis is preferred.
• Experience with SAS, Python, or comparable analytical tools preferred.

Responsibilities

• Monitors consumer lending portfolio performance, credit trends, forecast outcomes, and key risk indicators. Conducts analysis to identify emerging risks, adverse trends, variances from expectations, and potential risk appetite concerns.
• Coordinates the development of the quarterly Credit Oversight Report and supporting materials. Produces recurring and ad hoc reporting, synthesizing portfolio performance, forecast results, credit decisions, and emerging risks into clear, actionable insights for management and governance committees.
• Supports independent assessment of portfolio risk, CECL forecasts, and material credit decisions. Assists in the preparation of oversight documentation, challenge artifacts, concurrence materials, and governance reporting.
• Develops and maintains portfolio monitoring tools, dashboards, and analytical frameworks used to assess portfolio health and identify early warning indicators. Evaluates performance relative to expectations, forecasts, and risk appetite thresholds.
• Performs analytical reviews of assumptions, methodologies, and performance drivers supporting credit forecasts and credit decisions. Identifies areas requiring additional analysis, clarification, or challenge and presents findings to Credit Risk Oversight leadership.
• Collaborates across first- and second-line functions to gather information, understand portfolio developments, and support effective risk oversight. Develops productive working relationships while maintaining an independent risk perspective.
• Responsible for complying with all the Bank’s internal control policies and procedures.
• Responsible for understanding and complying with all laws and regulations to which the Bank is subject.
• Responsible for communicating problems in operations, noncompliance with the code of conduct, noncompliance with laws and regulations, policy violations, or illegal acts.

Benefits

• Competitive Pay, including a Bonus Target or Variable Pay Incentive Program
• Medical, Dental, and Vision
• 401(k) Plan with Company Match
• Short- & Long-Term Disability
• Wellness Programs
• Group Life and AD&D Insurance
• Paid Vacation, Sick Days and bank Holidays
• Employee Engagement Activities including Employee Appreciation Day, DEI Employee Resource Groups, Corporate Social Responsibility, Service Recognition

What This Job Offers

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