ABOUT US: Wheels Financial Group, LLC d/b/a LoanMart proudly provides fast, professional assistance to financially stressed or credit-challenged segment of borrowers. We connect with our customers directly or through a vast network of storefront partners in the local communities throughout the country. Our place in the community was built over twenty years, growing from a two-person operation, single-store front in Van Nuys, CA into the largest auto title lender in California. LoanMart continues to evolve and expand into a progressive, technology-centric powerhouse in the industry, adding new financial products to serve our customers.
WORKING AT LOANMART : Employees enjoy a work environment that is rewarding, entrepreneurial, fun, exciting, and active. We do not tie up good ideas in a bureaucratic maze- good ideas come from everywhere and we want our employees to speak up and be recognized. Career advancement is a matter of turning an idea into an accomplishment.
About The Position
As the Credit Risk Manager your role will be to identify and quantify potential risk factors and design data-based strategy solutions to optimize portfolio performance. This includes, but is not limited to:
Performing highly complex research, quantitative analysis, modeling, and monitoring of the company's credit, collateral, and customer performance.
Assisting in the development of new acquisitions strategies, and ongoing analysis to optimize existing ones.
Responsible for scorecard development; strategy design or adjustments; performance monitoring, and/or credit policy modification.
Responsible for the evaluation, development, recommendation and implementation of current and state of the art risk management strategies using systems such as SAS, SQL, R and Python.
Conducting comprehensive analyses to assess levels of portfolio credit risk- including summarizing results with opinions and recommendations for actions. Evaluate and assess the adequacy of internal processes and reduce all forms of exposure ranging from credit risk, efficiency/cost and regulatory impact.
Areas of focus include, but not limited to: credit scoring systems, acquisitions and portfolio management strategy/criteria design, vintage analysis and forecasting, portfolio segmentation, demographic analysis, portfolio loss forecasting and modeling to maximize risk/reward trade-off.
Develop, clearly recommend, and assist with the implementation of business strategies to manage credit risk, increase revenues, and reduce exposure to credit losses.
Assisting in marketing analytics such as identifying cause-effect relationships between marketing actions and financial outcomes to raise profitability.
Perform other duties as assigned.
Expected Method of Execution
Data extraction, preparation and database management
Quantitative, statistical performance evaluation of strategies and processes
Design of new scoring models and strategies
Meetings with Senior Management to communicate findings.
Work is accomplished through the use data mining techniques across several large internal and external databases. Analysis is conducted using a number of statistical techniques ranging from linear/logistic regression modeling, Means Testing, Goodness of Fit Testing, Population stability monitoring as well as several specialized techniques for segmentation and strategy building (CART/CHAID)
What You Will Bring:
Bachelor's degree in Math, Statistics, Economics, Marketing, Finance or other related field.
5+ years' experience in Financial Services, Banking or a related field.
Experience in Consumer Lending is strongly preferred.
Proficiency in one or more of the following: SAS, SQL, R, Python.
Experience in Risk Management techniques including scorecard development and validation or portfolio analysis.
Strong analytical thinking and problem solving skills with an ability to identify opportunities and develop solutions.
Strong communication skills, both oral & written and ability to lead meetings and produce concise presentations
LoanMart will consider qualified applicants with criminal histories in a manner consistent with the Los Angeles Fair Chance Initiative for Hiring.
Notice to third parties: Please do not contact Wheels Financial Group, LLC about this position unless you are a job seeker and potential applicant for this position. Please do not contact Wheels Financial Group, LLC about other services, products or commercial interests. Notice to Agency and Search Firm Representatives: Wheels Financial Group, LLC is not accepting unsolicited resumes from agencies and/or search firms for this or other job postings. Resumes submitted to any Wheels Financial Group, LLC employee by a third party agency and/or search firm without a valid written and signed search agreement, will become the sole property of Wheels Financial Group, LLC. No fee will be paid if a candidate is hired for this position as a result of an unsolicited agency or search firm referral.