What are the responsibilities and job description for the Risk Analyst I position at Credit One Bank?
Description
Position Summary
In the role of Risk Analyst, you will be part of the Portfolio Management and Financial Support team, and you will focus on the financial forecasting/reporting and support for all new product launches and business expansion opportunities. This role is responsible for ensuring the financial success of new products and businesses. This position is a part of the Risk Management department but supports the entire bank.
Summary Essential Job Functions
Position Summary
In the role of Risk Analyst, you will be part of the Portfolio Management and Financial Support team, and you will focus on the financial forecasting/reporting and support for all new product launches and business expansion opportunities. This role is responsible for ensuring the financial success of new products and businesses. This position is a part of the Risk Management department but supports the entire bank.
Summary Essential Job Functions
- Monitor the daily, weekly, and monthly trends of the credit card portfolio in order to identify risks and opportunities.
- Provide analysis on changes in trends, and insight into the underlying dynamics of the numbers. Provide analytical support to meet the company’s strategic goals.
- Support the evaluation of new product ideas with emphasis on financial impact and profitability.
- Develop and maintain tools to support the evaluation of new products.
- Collaborate cross functionally across Risk, Marketing, Customer Service, IT, and Finance to develop accurate new product and business financial projections.
- Develop multiple P&Ls for each new product scenario analysis, evaluating multiple scenarios and the financial impact of each product option.
- Review and analyze trends in card member performance and recommend strategies for new products.
- Conduct competitive and consumer research when needed to support the P&Ls.
- Present results to senior leadership, and be a subject matter expert on all drivers of profitability, being able to explain all parts of your work to leadership.
- Perform other duties as assigned.
- Bachelor's degree in Finance, Economics, Decision Sciences, Mathematics, Statistics or related field
- 1-2 years of relevant experience in financial services, finance, or business development
- Knowledge of financial analysis and profitability drivers
- Demonstrated advanced use of at least one of the following: Microsoft Access, SQL Server, Oracle, VBA, Python or SAS
- Strong written and verbal communication skills with a customer focused, professional demeanor
- Ability to remain highly organized, well-rounded, flexible, and able to pivot direction when needed
- Ability to collaborate effectively and follow up to ensure achievement of deadlines, outcomes and results
- Ability to anticipates issues based on knowledge of business trends and propose solutions
- Ability to work independently and self-motivate in a fast-paced and rapidly changing environment
- MBA, Master’s degree or Advanced quantitative degree preferred
- Minimum of 1-2 years work experience in consumer credit card industry preferred
- Minimum of 1-2 years work experience in risk management or equivalent industry experience preferred
- Advanced Excel and VBA skills preferred
- Advanced software competencies using SAS and/or SQL preferred
