What are the responsibilities and job description for the VP, Credit Risk position at Cenlar?
The VP, Credit Risk leads the establishment and monitoring of the credit risk limits, credit policy, and monitoring framework within Cenlar's risk appetite. This position conducts credit risk reporting used throughout the enterprise to identify and assess credit risk for all growth initiatives. The VP, Credit Risk strategically interacts with and influences the First Line of Defense business units and risk personnel and has oversight of and approves the company-wide credit policy. The position monitors external and emerging risks and assesses impact on the company's new products and growth initiatives while partnering with regulatory and internal oversight leadership to ensure credit practices align with expectations. This role will implement and apply effect risk management practices to optimize risk reward for the portfolio and help facilitate and augment prudent growth. This position reports to the Chief Bank Risk Officer.
Will consider remote in approved States only
Responsibilities :
- Drives the process of extracting data from a variety of sources to build complex credit and financial models that predict risk exposure and presents findings to management
- Plans and directs business analysis, risk modeling, and loss prevention programs
- Reviews and monitors credit risk reporting deviation from set limits and for reporting counterparty ratings, exposures and concentrations
- Leads the credit risk process with accountability for setting limits, provisioning, scenario testing and stress testing
- Establishes and benchmarks current risk practices against those stipulated within business units
- Stays abreast of changes in global scenarios as well as an assessment of credit risk in the long term
- Interacts with external credit regulation and assessment agencies on behalf of Cenlar
- Interacts with regulatory agencies to understand if risk compliance measures are being implemented and ensures that standards are set and rolled out
- Establishes the overall direction and strategic initiatives for risk prevention
- Partners with management to develop and monitor individual and departmental goals and provides effective feedback and guidance; holds managers accountable for meeting these goals
- Leads effective performance management and professional talent development across all respective departments
- Ensures all activities are in accordance with company and regulatory risk and compliance requirements
- Partners with the Chief Bank Risk Officer to manage yearly department budget, staffing levels and models; set department goals and develop strategies to meet or exceed these goals. Help drive operating leverage across risk functions.
- Appropriately assess all credit risks when business decisions are made, include but not limited to compliance and operational risk. Demonstrate consideration for Cenlar's reputation as well as our clients, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards
- Maintain effective communication regarding matters of risk management with external constituents, including Cenlar's regulators.
Portfolio Management, Strategic Initiatives, Balance Sheet and Revenue Growth
Model Risk Management - Credit Risk Models
Risk Aggregation, Reporting and Governance
Qualifications :
