Description
The Credit Risk Reporting and Analytics Professional will be a key member of the Credit Risk Reporting team responsible for developing and executing reporting and advanced analytics to adequately monitor the credit performance of the Residential Mortgage and Home Equity portfolios. This position is specifically accountable for ensuring asset quality reporting adequately monitors key risk drivers, high-risk segments, layered risks, KPIs, and overall credit quality and performance while effectively identifying emerging risks and opportunities. This role will report directly to the Head of Reporting and Analytics – Property Secured Credit Risk.
The position requires exceptional analytical & quantitative skills to produce statistically sound analysis to support data-driven outcomes and decisions that lead to sound portfolio credit risk management effectiveness.
The candidate should have interest in credit risk management of Consumer Loans including Mortgage and Home Equity products.
Primary responsibilities include:
- Contribute to the end-to-end development and implementation of portfolio management monitoring routines spanning Originations to Default to OREO Management for internal, external, and executive stakeholders.
- Continuously evolve Asset Quality Reporting to ensure it remains relevant and adequately responsive to changes in business strategy and changes in economic conditions.
- Draw meaningful insight from analysis to prepare & present materials for business line reviews and product board meetings that deliver strategic recommendations focused on continuous policy optimization.
- Provide Head of Reporting & Analytics and the broader business community with relevant and material credit risk updates on portfolio performance and emerging risks/trends with actionable proposed outcomes.
- Ensure portfolio performance remains within acceptable risk appetite while demonstrating returns are commensurate with higher risk segments.
- Responsible for reporting and monitoring risk appetite framework – providing breach commentary and actions to remediate breaches. In addition, responsible for ensuring risk appetite remains relevant by supporting annual recalibration efforts.
- Identify high risk & layered risk segments and ensure performance remains within acceptable risk tolerance while also ensuring segments are priced appropriately for the risks.
- Leverage advanced analytical techniques to solve complex business challenges while maintaining a pro-business mindset.
Required Skills/Experience:
- Expertise with Tableau required
- Experience using the following technologies required: Excel, SQL, Python, R
- Experience using the following programming language highly desired: Julia
- 1-3 years of relevant experience in a quantitative role utilizing statistical programing languages.
- 1-3 years Quantitative Skills – ability to develop and implement effective portfolio management routines that monitor key metrics, benchmark performance vs. peers, and identify emerging trends.
- 1-3 years of Consumer Lending experience – ideally aligned with Residential Mortgage/Home Equity lending.
- Ability to drive actionable outcomes from analytical insight and effectively communicate findings and recommendations to business leadership.
- Exceptional problem-solving acumen with ability to think strategically.
- Time Management – ability to prioritize competing assignments and thrive in a fast-paced results orientated environment.
Educational, Certifications and/or Other Professional Credentials:
- Bachelor’s degree in quantitative discipline required (Finance, Mathematics, Computer Science, Statistics, Engineering, etc.) required
- Masters in a quantitative discipline or MBA desired, preferred
Hours and Work Schedule. (remote)
Hours per Week: 40
Work Schedule: Monday-Friday
Pay Transparency
The salary range for this position is $95,000 – $125,000, plus an opportunity to earn an annual discretionary bonus. Actual pay is based on various factors including but not limited to the work location, and relevant skills and experience.
We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens’ paid time off policy exceeds the mandatory, paid sick or paid time-away policy of very local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits .
Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.
Equal Employment Opportunity
At Citizens we value diversity, equity and inclusion, and treat everyone with respect and professionalism. Employment decisions are based solely on experience, performance, and ability. Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify), genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws.
Equal Employment and Opportunity Employer
Citizens is a brand name of Citizens Bank, N.A. and each of its respective affiliates.
Benefits
We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more.
View Benefits