Credit Risk Manager

Job Title

Credit Risk Manager

WebBank

WebBank (the “Bank”) is a Utah chartered Industrial Bank headquartered in Salt Lake City, Utah. As “The Bank Behind the Brand®”, WebBank is a national issuer of consumer and small business credit products through Strategic Partner (Brand) platforms, which include retailers, manufacturers, finance companies, software as a service (SaaS) and financial technology (FinTech) companies.  The Bank is a leading player in the digital lending space, driving innovation in financial products through embedded finance with Strategic Partner platforms. WebBank engages in a full range of banking activities including consumer and commercial loan products, revolving lines of credit, credit cards, private-label card issuance, auto-refinancing and more. The Bank provides capital in the form of asset-backed lending and other credit facilities to Strategic Partner platforms, credit funds, and other lenders with a targeted focus on specialty finance assets. The Bank is also a leading provider of commercial insurance premium finance products through its wholly owned subsidiary National Partners and Security Premium Finance, a wholly owned subsidiary of National Partners.

Job Summary

WebBank partners with multiple Strategic Partners to enable their credit programs. The Strategic Partner credit policies and internal credit policies are managed by the WebBank Credit Risk team, primarily driven by the Credit Risk Managers.  This position manages the credit risk oversight of the Strategic Partners, including the review and effective challenge of new credit strategies and their expected impact to portfolio volume and performance.  The Credit Risk Manager will drive the credit risk governance framework and champion credit strategy changes through the Bank’s Loan Committees. The individual in this capacity will be required to develop and maintain strong relationships with the Strategic Partner Credit Risk Management teams to facilitate open communication and effective oversight of the credit risk within each program.  This position is also responsible for developing and producing effective management reporting for the Bank’s executive team, Loan Committee, and Board of Directors. 

Position Responsibilities

You Will:

• Manage and provide consultation on credit risk oversight of Strategic Partner programs
• Assist in the development of the initial credit strategy for new WebBank products launched in partnership with Strategic Partners
• Champion ongoing Strategic Partner credit strategy changes through the Bank approval process
• Develop independent analysis of consumer and small business credit portfolios and validate partner program policy changes
• Actively participate in the Bank’s Loan Committees for Strategic Partner credit policy changes
• Drive monthly risk monitoring and reporting, including reporting to the Board of Directors
• Identify opportunities to drive enhancements to credit strategies and associated documentation
• Develop and manage credit risk governance processes to support Strategic Partner oversight and internal credit activities
• Identify and implement tools to improve the effectiveness and efficiency of the credit oversight function
• Identify policy gaps and collaborate with Strategic Partner teams to improve policy adherence

Qualifications

You Have:

• Minimum of a Bachelor's degree in finance, accounting, risk management or related field
• Strong credit analysis experience with the ability to understand complex credit strategies and effectively communicate with other credit risk professionals
• Ability to clearly communicate complex credit strategies to executive management and other non-credit personnel to facilitate understanding and drive discussion
• Minimum of 5 years of experience in consumer and/or commercial lending

Even Better:

• Exposure to a wide array of credit products, structures, and industries preferred

Company Perks

You Get:

• Flexible work options – Flexible work-from-home opportunities and other hybrid workplace options are available
• Paid Time Off (PTO) - Generous paid time off plus paid parental leave
• Health insurance – Plans include an employer paid medical option, dental and vision coverage, plus we offer health savings accounts
• 401(k) – WebBank matches up to the first 6 percent of employee contributions and both the employee’s contributions and WebBank’s match are fully vested immediately
• Life and Disability Insurance – Life insurance and long and short-term disability insurance plans are 100% employer paid
• Tuition Reimbursement – WebBank provides reimbursement for classes needed to obtain certain degrees, up to $5,250 per academic year