Bank of the West Product Credit Risk Officer, Personal Finance Division in San Ramon, California
Product Credit Risk Officer, Personal Finance Division
At Bank of the West, our people are
having a positive impact on the world. We’re investing where we feel we can
make the most impact, like advancing diversity and women entrepreneurship
programs, financing for more small businesses, and promoting programs for
sustainable energy. From our locations across the U.S., Bank of the West is
taking action to help protect the planet, improve people’s lives, and
strengthen communities. We are part of BNP Paribas, a global leader supporting
the UN Sustainable Development Goals (SDGs). Yes, we’re a bank, but as the bank
for a changing world, we are continually seeking to improve the ways we help
our customers, while contributing to more sustainable and equitable growth.
This Product Credit Risk
Officer role will develop, manage, and lead all risk strategies and
controls for Bank of the West's Personal Finance Division (PFD) Unsecured and
Power Sports portfolios reporting to the Personal Finance Division Credit
Risk Manager Risk. In addition, the incumbent will manage the liquidating
Auto Loan portfolio. The incumbent will design, implement, and monitor Credit
Risk strategies to increase Net Income, while managing Credit Losses within
risk appetite limits. In addition, this individual will drive (a) the
enhancement of Risk-Reward strategies and tools, and (b) Risk Appetite MIS
including analyses in support of ongoing securitization and regulatory
initiatives; (c) and other transformative credit initiatives. The ideal candidate
requires direct experience in Credit Risk Strategy management and experience in
Unsecured Personal Lending. The incumbent must exercise expertise and senior
judgment skills, and strategic thinking to effectively leverage data, scoring,
and analytics to accomplish measurable improvements within established Policy,
Procedures and Regulatory Guidelines. This role interfaces directly with peers
cross-functionally and senior executives across the organization. The
incumbent must have excellent communication skills in order to effectively
interact and operate across multiple business functions and key business
In this role you will:
Drive the design, testing, and implementation ofcredit strategies to achieve business forecast goals. All strategies mustbalance Risk and Reward and be communicated to all stakeholders.
Works within the bank's Risk Function as well as withthe Modeling and Analytics functions, to develop and implement appropriatestrategy analysis, MIS, and controls.
Works closely with Consumer Banking project managementoffice and IT function to ensure applicable software changes and newtechnical tools are developed, tested and implemented timely and inalignment with priorities determined by business heads and the PFD Risk Head.
Works closely with the PFD Finance function and staffto ensure that financial benefits are well understood and tracked tojustify changes made and support future enhancements. All strategies areto be carefully documented in chronology log, strategy summary andapproval detail.
Provides analytical, MIS, and presentation support tothe PFD Risk Committee.
Develops key credit strategies to drive performanceresults within the product lifecycle strategy.
Support development and integration of logistic regressionacquisition score cards and loss estimate models.
Leverages Standardized and ad hoc Product MIS, and keyPortfolio Mgt analyses like Risk-Return, Strategy Performance,Delinquencies, Losses, and Recoveries for use in PFD Risk Committee.
Will support execution of the following: -Documentingnew product or strategy development and related processes; -Draftingbusiness requirements for underwriting review rules; -Drafting trainingmaterials and guidelines for Champion Challenger Testing; -Reporting onproduct, project, strategy and test effectiveness; -Support creditstrategies including: Dealer Optimization, Preferred Dealer Strategy,Dealer and Customer Acquisition Strategies, Limit Assignment, Activation,Authorization, Reactivation, Collections, Recovery and TDR Modifications
Performs other duties as assigned.
Requires mastery level knowledge of job area typicallyobtained through advanced education combined with experience.
May have deep knowledge of project management.
Requires 10 years minimum prior relevant experience.
Bachelor's Degree Business Administration or related
Master’s Degree Preferred but not required forcandidate with suitable experience
Equal Employment Opportunity Policy
Bank of the West is an Equal Opportunity employer and proud to provide equal
employment opportunity to all job seekers without regard to any status
protected by applicable law. Bank of the West is also an Affirmative Action
employer - Minority / Female / Disabled / Veteran.
Bank of the West will consider for employment qualified applicants with
criminal histories pursuant to the San Francisco Fair Chance Ordinance subject
to the requirements of all state and federal laws and regulations.
Job: Risk Management
Location: United States-California-San Ramon
Other Locations: United States-Nebraska-Omaha, United States-Arizona-Tempe, United States-California-City of Industry, United States-California-San Francisco
Requisition ID: 051752