Senior Risk Analyst

Job Description

Job Description

Position will be located in the Norwalk, CT or Itasca, IL office. Candidate must come into the office 4 days a week.

Position Overview :

This is a unique opportunity to take on a key position in a globally recognized and fast-growing financial services firm. Mitsubishi HC Capital America, Inc. (MHCA) is one of the largest independent commercial finance lenders, specializing in transportation, industrial, clean technology, healthcare, and construction lending. Responsible for execution of the Risk Management / Strategy team initiatives, focusing on a variety of functions within data analytics, encompassing a forward-thinking approach of how risk should be evaluated at the company. This position requires an individual who will leverage their knowledge of data analytics to drive business decisions.

Essential Duties and Responsibilities :

List in order of time spent)

• Execute the Risk Management / Strategy team functions, including pricing / yields, scoring and model development, credit analytics, portfolio strategy, enterprise / operational risk, concentration limits and risk appetite, loss forecasting and mitigation.
• Perform credit / risk-based analytics and make recommendations on how to mitigate risk and increase profitability; analytics including underwriting decisioning, overall portfolio performance, vintage performance, collections performance, etc.
• Build out the strike zone / buy box for credit originations via data analysis, including evaluating non-score criteria, equipment / collateral, structuring and down payment requirements and setting appropriate customer exposure thresholds. In addition to these analyses, provide guidance on model usage to our internal underwriting teams.
• Complete model evaluation analytics, including review of third-party models, and / or involvement of customized score builds. Track and analyze model coverage, performance, and changes over time.
• Lead discussions / project plans for third-party analyses and model development.
• Propose improvements to automated credit decision models; these improvements should include increasing the volume of applications automatically reviewed, while continuing to mitigate any risk to the company.
• Develop risk-based pricing analytics, including calculating the appropriate coverage for risk / loss within our rates, working with our Finance teams to understand expense requirements, and communicate with our Sales teams to understand the challenges in the market.
• Review company credit / risk policy documentation and understand the related reporting requirements to confirm we are acting within policy rules.
• Consistently collaborate with all business leaders to gain expertise in our business cycle and executive-set goals.

Lead discussions regarding underwriting guidelines, credit / risk data analysis, Sales initiatives, and operational risk protocol.

KPI’s (Key Performance Indicators) :

Responsibility and Decision-Making Authority :

Management / Supervisory Responsibilities :

Qualifications :

Credit bureau data, loss forecasting, credit risk analytics, financial institution verbiage and lending concepts, statistical models, etc.

Competencies :

Education and Experience :

Licensing and Certification :

Tools and Equipment Used :

Working Hours :

Travel :

Physical Demands :

Commitment to Internal Control :

The Senior Risk Analyst, Credit Planning is required to possess a comprehensive understanding of and adhere to the system of internal controls associated with the fundamental duties and responsibilities of the role. This includes compliance with SOX and all other pertinent regulatory and compliance policies and requirements.

The job description does not constitute an employment contract, implied or otherwise, other than an “at will” relationship and is subject to change by the employer as the needs of the employer and requirements of the job change.

The position is exempt and the salary will be between $89,000.00 and $113,000.00 with an opportunity to a discretionary bonus.

The salary range is determined and based on internal equity, market data / ranges, applicant's skills, prior relevant experience and education.

Additional benefits :

Salary : $89,000 - $113,000