Credit Risk Manager

Loanmart Van Nuys , CA 91401

Posted 1 week ago

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.

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Credit Risk Manager