What are the responsibilities and job description for the Portfolio Manager position at BMG Money?
About the Company
At BMG Money, we help people solve unexpected financial problems affordably. Our team members draw from many years of experience at leading banks, fintechs, law firms, and governments. We all share one vision—we help employees borrow and improve their financial quality of life. BMG embraces innovation, is committed to quality, and is unafraid to challenge the status quo.
Job Summary
The Portfolio Manager plays a critical role in managing and optimizing our loan portfolio, ensuring profitability, mitigating risks, and driving sustainable growth. This person will be responsible for all portfolios (credit assets) tracking, forecasting, measurement and any portfolio analysis performed for each loan product. Additionally, the Portfolio Manager will ensure compliance with financial regulations and align lending practices with industry best standards.
Key Responsibilities
- Continuously track the performance of the credit portfolio, identifying trends and potential risks.
- Regularly report on the portfolio's performance to senior management and stakeholders.
- Ensure that the portfolio adheres to all regulatory requirements and guidelines.
- Evaluate the risk level of the portfolio through stress testing and scenario analysis.
- Prepare reports required by regulators, such as stress test results and risk assessments.
- Create forecasts of future credit performance under different economic scenarios.
- Track the profitability performance of each loan product, comparing against internal and external benchmarks to assess financial health and competitiveness.
- Generate daily delinquencies reports that indicate the month-to-date performance of all products, providing timely insights into potential issues and trends.
- Develop strategies to diversify the portfolio to minimize risk exposure.
Qualifications