Assistant Vice President, Credit Risk & Decision ...

OverviewTo lead, plan, and direct credit risk modeling and analytics function including, credit risk strategy development, price setting optimization and simulation/capacity modeling functions for the Lending Department. Responsible for optimizing underwriting, and account management strategies for all Lending asset types. Plan and direct credit risk modeling efforts including design and build of custom scorecards across the lending life cycle and optimization of credit line allocations/assignments. Serve as subject matter expert regarding business functions, systems, policies and procedures. Support executive management in developing and executing strategic plans. May act as VP in the incumbent's absence.This position is eligible for the TalentQuest employee referral program. If an employee referred you for this job, please apply using the system-generated link that was sent to you.ResponsibilitiesLead development of credit risk models for underwriting, account management, pricing, optimization and simulation models to optimize Lending decisionsOversee the development, implementation, and use of credit scoring models and account management strategiesLead development of price optimization and elasticity models for risk-based pricing, credit line optimization models to minimize risk exposure while maximizing net income, and profitability models that allow for optimization of the various trade-offs to achieve Lending's business goalsManage relationships with credit bureaus to support credit risk managementDevelop and manage the pricing models used to make pricing/risk/volume decisions as well as the simulation/capacity modeling functions for the Lending DepartmentMaintain thorough knowledge of credit bureau data, tools and initiatives as well as newer advancements in Machine Learning and AI, and how they may be leveraged to improve Lending's credit decisionsLead development of simulation models for capacity planning and business process improvement to improve operational efficiency, and member service and satisfactionLead optimization of business operations performance by analyzing current and forecasting future performance to support strategic initiativesLead the collection, correlation, analysis, and reporting of data and studies of organizational information to drive lending operations, business decisions, and mitigate risk/lossMaintain thorough knowledge of and ensure compliance with applicable federal and state laws, rules, regulations and Navy Federal policies and proceduresLead or participate in organization-wide project teams; monitor projects assigned to the department and ensure milestones are completed on scheduleDevelop and implement new/updated policies, procedures, goals and priorities as necessitated by demands, changing conditions, and/or management requestDevelop and lead relationships with vendors and procurement related activities for selected vendors and projectsIdentify and resolve operational and performance gaps and obstacles; develop and implement changes and improvementsLeverage operations research techniques to optimize the performance of Lending's products and operationsManage and lead the simulation and optimization of credit policy decisions utilizing various profit/loss scenarios to ascertain current/future financial impact; make appropriate recommendationsLead development of ROA modeling to ensure that product pricing appropriately addresses income objectivesMaintain understanding of business direction, environment and strategies and work closely with stakeholders to ensure analytic output addresses business needsEvaluate/develop/implement analytical techniques and best practices to gain a competitive advantagePerform other duties as assignedQualificationsAdvanced knowledge of applicable federal and state, laws, rules and regulations that govern the functions of Consumer/Credit Card LendingExtensive progressively responsible experience leading and managing an analytics operation in a large financial institution, including operational and regulatory risks and controlsAdvanced knowledge of any of the following: asset/liability management, financial accounting, cost accounting, budgeting principles and practices, statistics, finance, and/or mathematic modelingAdvanced knowledge of banking/financial industry trends, products and servicesExtensive experience in the use of statistical modeling software (e.g., R, Python, SAS or SPSS, etc.), and Credit Card Decisioning software (e.g., TSYS, etc.)Expert knowledge of Credit Scoring and Scorecard modelsExtensive experience demonstrating thought-leadership, initiative-taking, decision-making and creativity solving business problemsExtensive experience managing multiple priorities independently and/or in a team environment to achieve goalsExtensive experience in working with all levels of staff, management, stakeholders, vendorsExtensive experience supervising and leading professional employeesExpert organizational, planning and time management skillsExpert research, data mining/querying, analysis, and reporting skills, including proficiency in sophisticated statistical methods and modeling, forecasting, and cost/benefit/risk analysisExpert skill in results-oriented leadership in a challenging environmentExpert skill in project management to include establishing and leading project teams; managing timelines/deadlines/resources; ensuring successful project implementationExpert skill presenting findings, conclusions, alternatives and information clearly and conciselyExpert skill in producing desired results and achieving goals and objectivesExpert skill to influence, negotiate and persuade to reach agreeable exchange and positive outcomesExpert verbal, interpersonal and written communication skillsExpert database, word processing, spreadsheet, and presentation software skillsMaster's degree in Finance, Business Administration, or related field, or the equivalent combination of education, training, and experienceDesired QualificationsAdvanced knowledge of Navy Federal's functions, philosophy, operations and organizational objectivesCFA charter holderPhD in Finance, Business Administration, or related fieldHours: Monday - Friday, 8:00AM - 4:30PMLocation: 820 Follin Lane, Vienna, VA 22180 | 5510 Heritage Oaks Drive Pensacola, FL 32526About UsNavy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.Our approach to careers is simple yet powerful: Make our mission your passion.• Best Companies for Latinos to Work for 2024• Computerworld® Best Places to Work in IT• Forbes® 2024 America's Best Large Employers• Forbes® 2024 America's Best Employers for New Grads• Forbes® 2024 America's Best Employers for Tech Workers• Fortune Best Workplaces for Millennialsâ„¢ 2024• Fortune Best Workplaces for Women â„¢ 2024• Fortune 100 Best Companies to Work For® 2024• Military Times 2024 Best for Vets Employers• Newsweek Most Loved Workplaces• 2024 PEOPLE® Companies That Care• Ripplematch Recruiting Choice Award• Yello and WayUp Top 100 Internship ProgramsFrom Fortune. ©2024 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.Equal Employment Opportunity: Navy Federal values, celebrates, and enacts diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected Veteran.Hybrid Workplace: Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team's discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market positionBank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.

Created: 2025-01-15