What are the responsibilities and job description for the Sr. Risk Analyst (Loss Forecasting), Credit Risk Management position at Merrick Bank?
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What We Do
At CardWorks, we aim to help people connect with possibility and opportunity using our financial servicing expertise. Building meaningful, long-term relationships with consumers, our employees, and our clients is what matters most.
Who We Are
CardWorks, Inc. is a diversified consumer finance service provider and parent company of CardWorks Servicing, LLC, Merrick Bank and Carson Smithfield, LLC.
CardWorks Servicing, LLC provides end-to end operational servicing functions for credit cards, secured cards, and installment loans. We service consumer and small business loans across the credit spectrum and offers backup servicing and due diligence services to capital providers and trustees.
Merrick Bank is an FDIC-insured Utah Industrial Loan Bank. Merrick operates three main business lines: credit cards, recreational lending, and merchant services.
Carson Smithfield, LLC provides a variety of post-charge-off debt recovery services, including digital self-service, IVR, live agent, and external agency management.
The Senior Analyst (Loss Forecasting) position is responsible for forecasting portfolio and charge offs. Responsibilities include analyzing portfolio performance using empirical measurements and working with the quantitative models to develop accurate loss forecasts that will achieve management objectives with respect to maintaining an adequate loss reserves according to CECL regulations. This position is also responsible for the coordination and development of internal data sets for use in vendor CECL loss forecast models, which Includes the retrieval, organization and cleaning of data from disparate sources. This position requires extensive knowledge of modeling and forecasting techniques using analytical software such as SAS, R, Python, SQL and related applications as well as excellent problem-solving and communication skills. Essential Functions: Coordinates development of internal data sets for use in vendor CECL loss forecast models. Includes the retrieval, organization and cleaning of data from disparate sources. Provides management with interpretation of model performance, including the strengths and weaknesses of quantitative approaches. Makes recommendations to executive management for CECL based reserve amounts and identifies appropriate Qualitative Adjustment factors. Prepares and maintains documentation for vendor model calibration efforts. Executes and maintains controls surrounding the CECL reserve generation. Prepares responses to questions from reviewers and regulators, including conducting the need quantitative analysis. Provides executive management with analysis and rationale for monthly CECL loss forecasts by segment. Education and Experience: Bachelor’s degree in Math, Quantitative Analysis, Statistics, Business Finance, Economics or other quantitative discipline is required. Five (5) years’ proven credit analysis using SAS, Python or similar analytical software is required. Credit card or consumer credit portfolio management experience is preferred. Summary of Qualifications: Experience in fraud investigations / credit risk management is required. Experience with credit bureau data and systems is preferred. Previous banking or lending experience preferred. Experience with Compliance audits / internal audits preferred. Experience in loan portfolio delinquency and charge off analysis, forecasting under a CECL framework. Excellent problem solving, communication, verbal/written presentation skills and the ability to work independently. Strong Microsoft Windows desktop and server operating systems knowledge. Success as a competent troubleshooter. Ability to prioritize multiple tasks and to meet appropriate deadlines. Excellent organizational skills. Foster company success through a professional appearance, being courteous to internal customers and associates, having a positive attitude, and being a team player. Ability to communicate with others and to assimilate and understand information, in a manner consistent with essential job functions. Ability to multi-task is essential.Our Employee Value Proposition
- Competitive Pay, including a Bonus Target or Variable Pay Incentive Program
- Benefits Package -Medical, Dental, and Vision (plus much more)
- 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
We offer a total rewards package comprised of a competitive base rate of pay, variable pay incentive programs based on the role, and a comprehensive benefit suite. Offered rates of pay are determined based on job-related knowledge, relevant experience, skills, certifications, and geographic location.
We are an equal opportunity employer, and we evaluate qualified applicants without regard to race, color, religion, sex, national origin, disability, veteran status or any other legally protected characteristic. We will conduct a thorough background check for all hires in compliance with applicable.
