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SVP Credit & Risk Apply to This Job

Company: ExecuNet
Location: Austin
Posted on: November 19, 2021

Job Description:

Company: Fin'l Services General, Austin, TX Remarks: Company seeks an SVP of Credit and Risk to lead and manage all aspects of credit and risk management. This executive will be responsible for providing effective oversight of the company's enterprise risk management; developing and implementing the risk assessment framework; ensuring the company operates within manageable limits; and leading, both directly and indirectly, groups of people within multiple functions relating to risk management. This person will be responsible for standing up core underwriting and credit operations policy/process/workflows while also managing the underwriting team. The SVP of Credit and Risk will serve as the company's credit leader with responsibility for developing and leading a credit risk strategy that will facilitate ambitious growth, while still maintaining an appropriate level of quality for the portfolio. In addition to developing all of the required frameworks, models and policies and evaluating transactions, s/he will be a key strategic partner to executive management in developing and implementing the growth strategy of the business. It is critical for this role to work hand in hand with other functional divisions such as technology, sales, customer service, legal and financial operations. This role will report directly to the CEO. Key Responsibilities

  • Oversee daily operation of applicant and project underwriting, credit decisioning, compliance, financial operations, and collections
  • Develop, implement and enforce company Credit Policy, which includes credit algorithm, automated decisioning, individual applicant/project underwriting process, credit limit determination methodology, delinquency and default workflows and collection process
  • Expand third-party data acquisition that feeds to credit decisioning model
  • Manage financial operations which includes loan disbursements and payment servicing
  • Maintain knowledge of new regulatory developments impacting lending policies (consumer and business), product compliance and loan underwriting guidelines
  • Provide technical assistance to Account Management and Business Development staff to improve intake and application documentation process
  • Lead all portfolio reporting required by investor and debt providers
  • Work directly with company investors to update on credit policy changes including evolution of credit algorithm, target vs. actual default and delinquency rate, and industry trends that effect credit decisioning
  • Assist in capital markets diligence as needed-- Skills and Qualifications
    • Ten or more years of experience working in commercial lending, credit risk analytics, and risk management with financial institutions including development of credit policy, underwriting standards and internal risk scoring
    • Experience in developing credit policy and credit algorithms with B2B lending
    • Data-driven approach to credit algorithm development and maintenance
    • Experience in the construction industry is preferred but not required
    • Excellent analytical and planning skills
    • Bachelor's degree in business, finance or a related field
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Keywords: ExecuNet, Austin , SVP Credit & Risk Apply to This Job, Other , Austin, Texas

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