Credit Risk Analyst (Remote)

Join our mission to create a completely new, 100% digital bank that uses consumer feedback to truly meet customers’ best interests. Jenius Bank, a division of SMBC MANUBANK, and a member of SMBC Group, is being built by a close-knit and fun-loving team of financial services professionals and technology experts who came together for the challenge of building a full-service digital bank from scratch. We’re committed to doing it the right way for the customer and are growing rapidly. To learn more about our relationship to our parent company, visit our website.

The anticipated salary range for this role is between $144,000.00 and $180,000.00. The specific salary offered to an applicant will be based on their individual qualification, experiences, and analysis of current compensation paid in their geography and the market for similar roles at time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC MANUBANK offers a competitive portfolio of benefits to its employees.

Jenius Bank is strategically scaling up a portfolio of products and building extraordinary experiences. In 2023, we launched our first two products reaching $1 billion in deposits and over $700 million in loans, all before Jenius Bank’s first anniversary. We don’t plan to slow down, with ambitious growth plans and the capital necessary to execute a multi-year strategic plan. We have a start-up mindset paired with SMBC Group’s 400 years of history. SMBC Group has more than 150 offices and 86,000 employees worldwide in nearly 40 countries and is committed to creating new business to better serve customers in the rapidly evolving digital environment. Join us on the journey that has caught the attention of the Banking Dive, and more to reinvent banking where smarter banking translates to a richer life.

Summary

The Credit Risk Analyst will be responsible for supporting the development and management of the Credit Risk Strategies for our Personal Loan and Credit Card product. Under the supervision of the Credit Risk Manager, the Risk Analyst will assist in building, managing, and implementing credit strategies – including onboarding, verification, pricing, and credit assignment, as well as test strategies across various marketing channels and credit purposes. The Credit Risk Analyst will work closely with cross-functional partners across Marketing, Product, Technology, and Operations to shape and contribute to growth initiatives. In addition, the Risk Analyst will assist with ensuring internal controls documentation is maintained completely and accurately. The Risk Analyst must use domain knowledge and data-driven recommendations to drive risk-controlled growth for the organization.

Principal Duties And Responsibilities

• Develop data-driven credit underwriting strategies using a variety of traditional and alternate data sources.
• Manage credit strategy enhancements within the area of responsibility and make compelling recommendations based on sound credit risk management principles, cost-benefit analysis, and customer experience.
• Develop policy and procedures for credit strategy execution, including monitoring and controls to ensure intended execution of credit strategies.
• Partner with Marketing, Product, Operations, and Technology teams to ensure smooth execution and all key control requirements are met.
• Develop credit strategies to support partner initiatives, including changes to product strategy, marketing channels, and partnership opportunities.
• Partner with the data science team to explore new approaches, tools, and data sources to support improvements to credit strategies.
• Develop necessary monitoring and analytical reports to track credit risk KRIs and present insights to senior management.
• Develop a robust testing agenda to optimize and expand the business.
• Ensure robust loss forecasting and that all credit strategy work aligns with the firm's credit risk appetite.
• Ensure compliance with policies and requirements for all assigned responsibilities.
  
  

Position Specifications

• Bachelor’s degree or equivalent in quantitative fields.
• 7-10 years of prior experience in consumer credit risk or similar quantitative role, preferably in credit card and personal loan lending.
• Proficient in Python, SQL, R for extracting data from large datasets and statistical analyses.
• Advanced skills in Microsoft Office, specifically Excel, PowerPoint, and Word.
• Experience with BI tools (e.g., Tableau, Looker) for report development.
• Knowledge of credit bureau data, risk models, and free cash flow calculations.
• Excellent analytical and problem-solving skills and ability to make sound and rational decisions with limited supervision.
• Exceptional verbal and written communication skills, ability to communicate effectively with senior leaders.
• Team player, serve as subject matter expert and provide guidance to peers within business units.
• Experience with credit card products is required.
  
  

EOE STATEMENT

SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.

CCPA DISCLOSURE

Personal Information Collection Notice: This notice contains information under the California Consumer Privacy Act (CCPA) about the categories of personal information (PI) of California residents that SMBC MANUBANK collects and the business or commercial purpose(s) for which the PI may be used. We do not sell PI. More information about our collection and use of PI may be found in our CCPA Privacy Policy at https://www.smbcmanubank.com/privacy/ccpa-disclosure . Persons with disabilities may contact our Customer Contact Center toll-free at (877) 560-9812 to request the information in this Notice in an alternative format.