Senior Manager - Credit Risk

Key Responsibilities

1. Credit Risk Assessment

- Evaluate and monitor the creditworthiness of existing and prospective consumers.

- Conduct detailed analysis of financial statements, credit reports, and other relevant data to assess credit risk.

- Provide recommendations regarding credit limits, terms, and conditions based on risk assessments.

2. Credit Risk Strategy and Policy

- Develop, implement, and continuously refine credit risk management policies and procedures.

- Ensure alignment of credit risk strategy with organizational goals and regulatory requirements.

- Advise senior management on potential risks and propose mitigation strategies.

3. Risk Monitoring and Reporting

- Continuously monitor credit risk exposures to ensure compliance with internal risk limits and policies.

- Prepare regular credit risk reports and dashboards for senior management, highlighting key risk indicators, trends, and potential issues.

- Implement and manage automated systems and tools for monitoring and reporting on credit risk metrics.

4. Credit Bureau Reporting

- Oversee and manage the monthly and quarterly submission of credit data to all major credit bureaus (Equifax, Experian, TransUnion).

- Ensure accurate reporting of consumer credit information, including payment histories, credit limits, balances, and account statuses.

- Work with IT and data management teams to ensure credit information systems are accurate and fully integrated with bureau reporting mechanisms.

5. Stakeholder Communication

- Collaborate with internal stakeholders such as underwriting, sales, finance, and legal teams to manage credit risk across the organization.

- Engage with external partners such as credit agencies, auditors, and regulators to stay updated on market trends and industry best practices.

6. Compliance and Regulation

- Ensure credit risk practices are compliant with regulatory requirements and industry standards.

- Maintain knowledge of applicable regulations, including any local or regional rules affecting credit risk management.

7. Training and Development

- Provide guidance and training to junior risk analysts and other relevant departments on credit risk management best practices and policies.

- Stay up to date with industry developments, attending relevant conferences and continuing education programs.