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Job Description:
At Regions, the Consumer Business Unit Credit Risk Portfolio Manager develops strategic and tactical recommendations that enhance Consumer Lending's ability to increase profitability, while managing overall portfolio credit and financial risk. This position identifies, measures, mitigates, monitors, and reports on consumer loan portfolios (e.g., mortgage, home equity, consumer, indirect-vehicles, indirect-other) from the first line perspective. This position requires the ability to analyze, communicate, and support the implementation of strategic solutions that focus on the best interest of customers, shareholders, and communities served.
Primary Responsibilities
Evaluates, organizes, and interprets data and information to formulate opinions to report to senior/executive management
Recommends strategies to improve loan performance and report key risks and emerging trends through identification of proactive risk mitigation and origination strategies and collaborates with Financial Risk on strategies to mitigate risk through either the Risk Appetite Framework, Concentration Framework, or through changes in Credit Policy
Develops action plans to address potential risks and breaches including the Risk Appetite and Concentration Frameworks
Researches and reports on key credit and emerging risks and develops action plans to address issues
Serves and acts as the business group's credit subject matter expert for regulatory, product, procedure, and corporate policy initiatives
Serves as the business group's Credit and Financial risk liaison and provides input into the determination of risk metrics, concentration limits, credit policy, and key risk assumptions
Collaborates with Financial Risk on both the design and overlay process across stress testing models within Consumer and Small Business portfolios
Provides business representation and lead discussion on key committees, working groups, and other forums; lead cross-functional working groups as needed
Assists in driving a continuous improvement approach to making appropriate recommendations for change, to gain efficiencies and ensure the effectiveness, consistency, and relevance of risk processes
Is an active participant in business reviews and other forums to highlight areas of emerging risk and overall Credit trends
Coordinates with the fraud and credit teams to ensure effective strategies are in place to mitigate first party fraud across lending and deposit products, and provides trends to product managers
Builds comprehensive datasets from various source and reporting systems for the use in in-depth portfolio analysis and performance monitoring
Assists with the training and development of less experienced members of the team
This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.
This position is incentive eligible.
Requirements
Bachelor's degree in Finance, Economics, Business, or related field
Eight (8) years of credit risk, portfolio management, or financial analysis experience
Broad knowledge of the product lifecycle: origination strategy, performance management, and collections
Experience coordinating cross-functional workstreams or project management experience
Preferences
Master's Degree or Professional Certification (e.g., Chartered Financial Analyst (CFA), Financial Risk Manager (FRM))
Five (5) years of experience working directly with credit risk in consumer products
Experience with data visualization tools (i.e., Power BI, Tableau)
Basic understanding of quantitative measures of credit performance (e.g., PD/LGD/EL/EC, LEE)
Skills and Competencies
Ability to evaluate, synthesize, organize, and interpret data and information
Ability to exercise good judgment, employ reasoning skills, exert positive influence and work independently
Ability to manage multiple priorities simultaneously
Ability to provide direction in underwriting requirements and origination automation strategies
Demonstrated leadership capabilities
Excellent verbal and written communication skills
Knowledge of quantitative analysis and static pool analysis
Proficiency in Structured Query Language (SQL), Statistical Analysis Systems (SAS), or Python
Strong technical skills, basic programming, and statistical concepts
Understanding of consumer loan products, industry changes, regulatory requirements, and banking laws
Additional Job Description:
This senior Credit Manager position serves as the primary lead for all Mortgage and Home Equity credit risk matters within the business group.
Additional Preferred Experience:
5+ years of mortgage credit risk or real-estate lending experience
Proven analytical skill set with ability to interpret large datasets and drive insights
Demonstrated ability to identify and mitigate operational risk within mortgage processes
Strong command of mortgage credit guidelines, QC/QA practices, and regulatory requirements (i.e., ATR/QM, TRID, ECOA, UDAAP, etc.)
Proficiency in Excel; working knowledge of SQL/SAS/Python/Power BI preferredStrong communication skills for risk reporting and cross-functional collaboration
Regions will not sponsor applicants for work visas for this position. Applicants for this position must be currently authorized to work in the United States on a full-time basis.
Location options include: Birmingham, AL, Atlanta, GA or Charlotte, NC.
Position Type
Full time
Compensation Details
Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Job Range Target:
Minimum:
$112,770.35 USD
Median:
$148,730.00 USD
Incentive Pay Plans:
This role is eligible to participate in the annual discretionary incentive plan. Employees are eligible to receive a discretionary award based on individual, business, and/or company performance.Opportunity to participate in the Long Term Incentive Plan.
Benefits Information
Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. (https://www.regions.com/about-regions/benefits/benefits-eligibility) Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Disability Benefits
Health Savings Account
Flexible Spending Account
Life Insurance
Parental Leave
Employee Assistance Program
Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions' benefits, please click or copy the link below to your browser.
https://www.regions.com/about-regions/welcome-portal/benefits
Location Details
Regions Center
Location:
Birmingham, Alabama
Equal Opportunity Employer/including Disabled/Veterans
Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.
